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 48 m², energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment features a closed terrace with direct access to a large shared outdoor space, enhancing its appeal for outdoor relaxation and entertainment. Location Benefits: Just 250 meters from the beach and marina yet positioned on a quiet side street for a peaceful environment.
The valuation. The asking price of €343,900 sits significantly above fair value at €269,189, representing an overpricing of €74,711 (27.8%). This discrepancy suggests a lack of alignment with current market conditions. Buy-to-flip angle. A buy-and-flip strategy may face challenges, as the property is overpriced; however, with cosmetic upgrades, it could appeal to buyers in the popular Algarve market. Buy-to-let angle. The projected gross yield of 2.6% (~€745/month) may seem modest, indicating that long-term rental income could be inconsistent in a competitive market heavily influenced by seasonal tourism.
Fair value modelled at €269,189 from 6 comparable sales in the area. Asking €343,900 sits €74,711 (27.8%) above — overpriced versus fair value.
Asking €343,900 versus the Portimão, Portimão, Faro area baseline of €241,788 (€5,037/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is above the parish average, lifting 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 €241,788, adjusted for condition and micro-location, gives a modelled fair value of €269,189 (€5,608/m²), a €74,711 (27.8%) gap versus the €343,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 096df8 | Subject | €343,900 | €7,165 | — | 73 | 70 |
| avenida Tomás Cabreira | Active | €290,000 | €7,250 | 1.2% | 70 | 71 |
| Portimão · 6d5358 | Active | €320,000 | €4,571 | 36.2% | 73 | 72 |
| Portimão · 73568c | Active | €445,000 | €7,295 | 1.8% | 80 | 75 |
| Portimão · 8ee96e | Active | €330,000 | €4,853 | 32.3% | — | 72 |
| Median comp | €325,000 | €6,052 | 15.5% | 73 | 72 |
Short-term vacation rental The current price of the property suggests a significant gap from its fair value, indicating it is overpriced for short-term vacation rental purposes. With a gross yield of only 2.6% and a condition rating of 76/100, the investment may not yield satisfactory returns in a competitive rental market. Long-term rental Though the property is located in Portimão, a prime area for long-term tenants, its current price position indicates that it is overpriced relative to its fair value. A gross yield of 2.6% falls short of attractive rental return thresholds, making this strategy less appealing. Buy-and-hold The property's listing price is 27.8% above its fair value, suggesting it is overpriced for a buy-and-hold investment strategy. Given its modest yield of 2.6% and below-average neighborhood ratings, prospective investors may struggle to achieve meaningful appreciation over time.
Economic Volatility Risk The property has a moderate economic stability score of 60/100, indicating potential vulnerability to economic fluctuations that could affect tenant demand and rental income.
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