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 80 m² on the 1st floor, built in 2002. Located on rua Estrela do Mar, 3, Portimão parish, Portimão municipality, Faro district. This apartment boasts a spacious outdoor terrace ideal for entertaining, and its recent renovations enhance the modern appeal in a prime Algarve location close to the beach.
The valuation. The asking price of €260,000 is below the fair value of €283,175, which indicates the property is fairly priced at €23,175 (8.2%) below market expectations.
Fair value modelled at €283,175 from 6 comparable sales in the area. Asking €260,000 sits €23,175 (8.2%) below — the upside to fair value.
Asking €260,000 versus the rua Estrela do Mar, 3 area baseline of €268,240 (€3,353/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €268,240, adjusted for condition and micro-location, gives a modelled fair value of €283,175 (€3,540/m²), a €23,175 (8.2%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Estrela do Mar, 3 | Subject | €260,000 | €3,250 | — | 70 | 57 |
| rua Galo Louro, 11 | Active | €255,000 | €4,113 | 26.6% | — | 70 |
| rua da Cooperativa | Active | €285,000 | €3,904 | 20.1% | 75 | 71 |
| rua da Fábrica, 37 | Active | €235,000 | €3,406 | 4.8% | 72 | 68 |
| rua dos Mosaicos Romanos | Active | €135,000 | €3,293 | 1.3% | — | 75 |
| Median comp | €245,000 | €3,655 | 12.5% | 74 | 71 |
Short-term vacation rental This property shows a gross yield of 4.4%, which is competitive but does not reflect strong short-term rental potential given the fair valuation. The limited appeal within the neighbourhood context, scoring only 57/100, may hinder attracting high-paying vacation tenants during peak seasons. Buy-and-hold The 1-bed apartment in Portimão sits at a fair value of €283,175, indicating that while the price is not excessively high, the long-term appreciation potential appears limited in a tourist-driven economy. The property’s condition rating of 66/100 suggests it may require maintenance investments that could impact overall profitability. Long-term rental With a fair valuation and a gross yield of 4.4%, this property might serve well for long-term rental purposes, albeit at a modest income level. The neighbourhood’s low score of 57/100 suggests that despite stable rental demand, tenants may be drawn to better-positioned alternatives in more urban settings.
Economic Risk A score of 55 indicates a moderate economic instability, which could lead to fluctuations in market demand affecting rental income and property value. Tenant Risk With a tenant stability score of 58, there is a heightened risk of turnover and vacancy, potentially impacting cash flow stability.
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