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 68 m² on the 9th floor, energy rating C. Located on rua Engenheiro Francisco Bívar, 8, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment offers a rare 50 m² private terrace, perfect for outdoor relaxation, combined with a stunning sea view just 50 meters from Praia da Rocha.
The valuation. The asking price of €382,500 is significantly below the fair value of €490,096, indicating an attractive opportunity for investors. This presents a potential undervaluation of €107,596, or 22.0% below fair market expectations.
Fair value modelled at €490,096 from 6 comparable sales in the area. Asking €382,500 sits €107,596 (22.0%) below — the upside to fair value.
Asking €382,500 versus the rua Engenheiro Francisco Bívar, 8 area baseline of €465,565 (€6,847/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €465,565, adjusted for condition and micro-location, gives a modelled fair value of €490,096 (€7,207/m²), a €107,596 (22.0%) gap versus the €382,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Engenheiro Francisco Bívar, 8 | Subject | €382,500 | €5,625 | — | 68 | 74 |
| Portimão · 096df8 | Active | €343,900 | €7,165 | 27.4% | 73 | 70 |
| avenida Tomás Cabreira | Active | €290,000 | €7,250 | 28.9% | 70 | 71 |
| Portimão · 8ee96e | Active | €330,000 | €4,853 | 13.7% | — | 72 |
| Portimão · 73568c | Active | €445,000 | €7,295 | 29.7% | 80 | 75 |
| Median comp | €336,950 | €7,208 | 28.1% | 73 | 72 |
Long-term rental The property’s current listing price of €382,500 is significantly below the fair value of €490,096, indicating a gap of 22.0%, which supports the potential for exceptional long-term rental yields. With the region's demand driven by both tourists and expats, this apartment promises a stable rental income despite its 2.7% gross yield. Short-term vacation rental Positioned within the highly sought-after Algarve region, this property can capitalize on the strong short-term rental market, reinforcing its appeal due to a competitive price point vis-à-vis fair value. The neighborhood's amenities and tenant quality enhance prospects for high occupancy rates and profitable portfolio returns. Buy-and-hold Acquiring this apartment at a price well below fair value positions investors favorably for long-term appreciation and capital growth potential. Given the property’s condition rating of 72/100 and the appeal of the Algarve region, it is well suited for a buy-and-hold strategy that can leverage increasing market demand over time.
Economic Vulnerability The property's economic stability score of 65/100 suggests a moderate risk tied to fluctuations in local economic conditions that could impact rental income.
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