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 studio of 59 m² on the 1st floor, energy rating C. Located on praceta Alves Redol, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This modern studio includes contemporary built-in seating in the living area, providing unique functionality while maximizing space usage in the coveted Praia do Vau district.
The valuation. The asking price of €315,000 sits significantly above fair value at €278,302, translating to an overpricing of €36,698 or 13.2%. Given this disparity, the property is deemed overpriced.
Fair value modelled at €278,302 from 6 comparable sales in the area. Asking €315,000 sits €36,698 (13.2%) above — overpriced versus fair value.
Asking €315,000 versus the praceta Alves Redol area baseline of €245,251 (€4,157/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €245,251, adjusted for condition and micro-location, gives a modelled fair value of €278,302 (€4,717/m²), a €36,698 (13.2%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Alves Redol | Subject | €315,000 | €5,339 | — | 80 | 71 |
| rua Armando Miranda S / N | Active | €259,000 | €3,754 | 29.7% | 74 | 75 |
| Portimão · 1e638b | Active | €211,720 | €5,293 | 0.9% | 75 | 72 |
| rua Sítio dos Castelos, 17 | Active | €150,000 | €5,000 | 6.3% | 75 | 74 |
| estrada de Monchique | Active | €268,900 | €3,841 | 28.0% | 71 | 71 |
| Median comp | €235,360 | €4,421 | 17.2% | 75 | 73 |
Short-term vacation rental This property, priced at €315,000, is overpriced compared to the fair value of €278,302, reflecting a 13.2% gap that diminishes its attractiveness for short-term rental investments. With a gross yield of only 3.4%, this studio may struggle to generate sufficient returns amid the seasonal demand fluctuations in the Algarve. Buy-and-hold At €315,000, this property is overpriced against the fair value of €278,302, indicating a need for more substantial appreciation to justify the investment. The gross yield of 3.4% suggests limited cash flow potential, making it less ideal for a long-term buy-and-hold strategy. Family rental Given the property’s listing price of €315,000, which exceeds the fair value of €278,302 by 13.2%, it is not positioned well for family rental opportunities where price sensitivity is crucial. Additionally, the neighborhood's lower score of 71/100 may limit its appeal to families seeking quality amenities and a suitable environment.
Economic Volatility Risk: With an economic stability score of 65/100, there is a moderate risk of economic fluctuations that could affect rental income and property value.
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