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.
8-bedroom, 3-bathroom apartment of 342 m², built in 1951, energy rating G. Located on rua do Carvalho, 8, Portimão parish, Portimão municipality, Faro district. This property offers significant transformation potential, with architectural plans aimed at preserving its historic façade while converting it to modern residential units in an attractive urban setting.
The valuation. There are not enough comparable sales in Portimão yet to establish a reliable fair-value estimate. This uncertainty precludes any definitive assessment of the property’s market position.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Carvalho, 8 | Subject | €650,000 | €1,901 | — | — | 80 |
| rua Mouzinho de Albuquerque | Active | €570,000 | €1,839 | 3.3% | 27 | 70 |
| rua Mouzinho de Albuquerque, 25 | Active | €420,000 | €1,313 | 30.9% | 38 | 69 |
| Portimão · 28bc6e | Active | €290,500 | €1,410 | 25.8% | 55 | 74 |
| Portimão · 57fc09 | Active | €699,000 | €2,453 | 29.0% | 65 | 74 |
| Median comp | €495,000 | €1,625 | 14.5% | 47 | 72 |
Short-term vacation rental The Algarve's popularity among tourists makes this 8-bed apartment a prime candidate for short-term vacation rentals, leveraging its spacious size and proximity to local attractions. With a neighborhood score of 80/100, it promises high occupancy rates and potential for premium pricing during peak seasons. Long-term rental Considering the housing demand driven by expats in the region, this property stands out for long-term rentals due to its significant space and location in a desirable neighborhood. While the current condition may require investment, the stable tenant quality presents a solid opportunity for consistent cash flow. Buy-and-hold Investors should view this property as a long-term hold in the Algarve, where real estate values are generally resilient and likely to appreciate over time. The neighborhood's amenities and tourist appeal create a favorable environment for sustained investment growth, despite the immediate need for renovation.
Economic downturn risk The property's long-term success may be jeopardized by its economic stability score of 70/100, indicating potential vulnerability to economic fluctuations that could affect cash flow and occupancy rates.
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Not enough comparable sales in this area to confidently estimate a fair value.
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