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 40 m² on the 3rd floor, built in 2003, energy rating C. Located on rua João Simões Tavares, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a private balcony ideal for relaxation and is situated within a well-maintained condominium that offers a refreshing pool for residents.**
The valuation. The asking price of €235,000 is €48,208 (25.8%) above the fair value of €186,792, indicating that the property is overpriced. This discrepancy suggests caution for potential investors evaluating the investment’s viability.
Fair value modelled at €186,792 from 6 comparable sales in the area. Asking €235,000 sits €48,208 (25.8%) above — overpriced versus fair value.
Asking €235,000 versus the rua João Simões Tavares area baseline of €186,917 (€4,673/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 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 €186,917, adjusted for condition and micro-location, gives a modelled fair value of €186,792 (€4,670/m²), a €48,208 (25.8%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua João Simões Tavares | Subject | €235,000 | €5,875 | — | 56 | 71 |
| rua Pereira de Sousa, 11 | Active | €340,000 | €6,939 | 18.1% | 68 | 71 |
| rua das Anforas, 51 | Active | €225,000 | €3,879 | 34.0% | 55 | 75 |
| Alvor · b7c096 | Active | €245,000 | €4,083 | 30.5% | 68 | 68 |
| avenida das Comunidades Lusíadas | Active | €295,000 | €5,784 | 1.5% | 68 | 65 |
| Median comp | €270,000 | €4,934 | 16.0% | 68 | 70 |
Short-term vacation rental The property’s listing price of €235,000 is significantly above its fair value of €186,792, positioning it as overpriced in the current market. With a gross yield of 4.4%, it may struggle to attract vacation rental clients who seek competitive pricing in the Algarve’s saturated market. Buy-and-hold Investing in this property for long-term holding is not advisable due to its overpriced status and insignificant yield of 4.4%. The local economy's reliance on seasonal employment further complicates the stability of rental income potential over time. Value-add renovation While renovations could potentially enhance the property’s appeal, the current pricing at €235,000 reflects a substantial gap from its fair value, indicating an overpriced status. This substantially reduces the potential return on investment from any upgrades, limiting profitability in a competitive rental market.
Economic vulnerability With an economic stability score of 65/100, there is a moderate risk that economic fluctuations could negatively impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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