This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
1-bedroom, 1-bathroom apartment of 62 m² on the 7th floor, built in 1974, energy rating C. Located on rua dos Lusíadas, Portimão parish, Portimão municipality, Faro district. Noteworthy Feature: This apartment includes a spacious enclosed sunroom that significantly enhances living space and provides an uninterrupted city view, perfect for relaxation or entertaining.
The valuation. The asking price of €219,900 sits slightly above the fair value of €215,091 by €4,809 (2.2%), indicating a property priced at market expectation without significant savings. Buy-to-flip angle. A potential buy-to-flip strategy may yield a profit through renovation and resale, given the property’s condition rating of 65/100, appealing to buyers seeking modern amenities. Buy-to-let angle. With an estimated rental income of €825 per month, this property offers a gross yield of 4.5%, making it an attractive option for long-term investment in a tourism-driven area.
Fair value modelled at €215,091 from 6 comparable sales in the area. Asking €219,900 sits €4,809 (2.2%) above — overpriced versus fair value.
Asking €219,900 versus the rua dos Lusíadas area baseline of €208,707 (€3,366/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €208,707, adjusted for condition and micro-location, gives a modelled fair value of €215,091 (€3,469/m²), a €4,809 (2.2%) gap versus the €219,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Lusíadas | Subject | €219,900 | €3,547 | — | 68 | 71 |
| rua da Fábrica, 37 | Active | €235,000 | €3,406 | 4.0% | 72 | 68 |
| travessa António Vicente de Castro | Active | €198,000 | €3,600 | 1.5% | 70 | 71 |
| Portimão · f10c11 | Active | €280,000 | €3,294 | 7.1% | 68 | 70 |
| rua Agosto Azul | Active | €325,000 | €3,533 | 0.4% | 65 | 70 |
| Median comp | €257,500 | €3,470 | 2.2% | 69 | 70 |
Short-term vacation rental The 1-bed apartment in Portimão generates a gross yield of 4.5%, which aligns well with current tourism trends in the Algarve. Given the property’s fair valuation of €219,900, potential owners should consider it a stable investment, although competition in the vacation rental market is growing. Buy-and-hold With a gap of only 2.2% against fair value, this property in Portimão stands as a reasonable option for long-term holding. As the local economy thrives on tourism and crime remains low, it presents a secure basis for property appreciation over time. Family rental The apartment's condition rating of 65 out of 100 suggests it may require some investment to suit family needs, yet it benefits from being in a stable neighborhood with a score of 71 out of 100. Although priced fairly, families may find more competitive offerings elsewhere in the market, making this a cautious choice for rental purposes.
Economic vulnerability With an economic stability score of 60/100, the property may face challenges in maintaining consistent rental income due to potential fluctuations in the local economy.
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