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 35 m² on the 6th floor, built in 1994, energy rating D. Located Portimão parish, Portimão municipality, Faro district. This apartment features a recently renovated bathroom with modern fixtures and is just a short walk from the renowned Praia da Rocha beach, enhancing its appeal for beach lovers.
The valuation. The asking price of €220,000 sits significantly above the fair value of €171,569, representing an overpriced situation by €48,431 (28.2%). This discrepancy suggests caution for potential investors evaluating this property.
Fair value modelled at €171,569 from 6 comparable sales in the area. Asking €220,000 sits €48,431 (28.2%) above — overpriced versus fair value.
Asking €220,000 versus the Portimão, Portimão, Faro area baseline of €156,745 (€4,478/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 €156,745, adjusted for condition and micro-location, gives a modelled fair value of €171,569 (€4,902/m²), a €48,431 (28.2%) gap versus the €220,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 51b45d | Subject | €220,000 | €6,286 | — | 74 | 68 |
| avenida das Comunidades Lusíadas | Active | €250,000 | €4,902 | 22.0% | 74 | 70 |
| Portimão · b7bf94 | Active | €250,000 | €4,902 | 22.0% | 80 | 73 |
| praceta Afonso de Albuquerque | Active | €265,000 | €4,492 | 28.5% | 75 | 71 |
| avenida da Praia da Rocha | Active | €260,000 | €5,098 | 18.9% | 76 | 64 |
| Median comp | €255,000 | €4,902 | 22.0% | 76 | 71 |
Short-term vacation rental The property is overpriced at €220,000 compared to its fair value of €171,569, indicating a significant gap of 28.2%. With a gross yield of only 4.4%, the investment may struggle to achieve desirable returns in the competitive Algarve vacation rental market. Buy-and-hold At a listing price of €220,000, the apartment does not offer a favorable position for a buy-and-hold strategy, as it exceeds the fair value by 28.2%. The market's conditions do not align with the expected growth necessary to justify this premium price in the long term. Long-term rental With a fair value of €171,569 and a current price of €220,000, this property is overpriced, which could limit potential rental income through long-term leasing. While the 4.4% gross yield might be adequate, it fails to reflect a competitive investment in a neighborhood rated 68/100.
Tenant turnover risk With both Economic stability and Tenant stability scores at 65/100, there is a heightened risk of tenant turnover, potentially leading to increased vacancy rates and associated costs.
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