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 97 m² on the 5th floor, built in 2009, energy rating C. Located Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a heat recovery system for increased energy efficiency and modern glass balconies that add to its aesthetic appeal.
The valuation. The asking price of €272,000 is slightly below the fair value of €285,404, indicating a difference of €13,404 (4.7%). This property is considered to be priced fairly given its current condition and market positioning.
Fair value modelled at €285,404 from 6 comparable sales in the area. Asking €272,000 sits €13,404 (4.7%) below — the upside to fair value.
Asking €272,000 versus the Portimão, Portimão, Faro area baseline of €239,334 (€2,467/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 €239,334, adjusted for condition and micro-location, gives a modelled fair value of €285,404 (€2,942/m²), a €13,404 (4.7%) gap versus the €272,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Portimão · 76ad21 | Subject | €272,000 | €2,804 | — | 80 | 76 |
| Portimão · efdcb4 | Active | €375,000 | €2,778 | 0.9% | 74 | 72 |
| rua Drummond de Andrade | Active | €225,000 | €2,885 | 2.9% | 72 | 70 |
| rua Dom Afonso V | Active | €225,000 | €3,000 | 7.0% | 68 | 60 |
| rua da Paz | Active | €410,000 | €3,203 | 14.2% | 74 | 72 |
| Median comp | €300,000 | €2,943 | 4.9% | 73 | 71 |
Short-term vacation rental Given the property’s prime location in the Algarve, it has the potential to attract numerous vacationers, producing a gross yield of 4.1%. However, the current valuation reflects a fair market price, suggesting modest future appreciation in rental income. Buy-and-hold While the property offers a reasonable yield and is situated in a stable tourism-driven area, investing at its fair value of €272,000 may limit significant capital gains over time. The condition score of 79/100 indicates the property is in decent shape but may require future investments to maintain its attractiveness. Family rental As a one-bedroom apartment, it may have limited appeal to families, which typically prefer larger units, thus affecting long-term demand. At the current fair market price, the investment may not yield the anticipated rental growth in this demographic. Not ideal for student housing This location’s reliance on tourism rather than a stable student population eliminates the potential for consistent demand. Therefore, catering to students would likely not result in a profitable investment. Not ideal for Industrial investment The property's characteristics and location are not conducive to industrial usage, given the reliance on tourism and residential appeal. Thus, pursuing an industrial investment strategy would likely be unsuccessful here. Not ideal for Luxury market Positioned in a tourist-centered area, this apartment does not cater to the luxury market expectations, where high-end amenities and services are paramount. Investing in luxury developments in this context would be a misalignment with market demand.
Economic vulnerability With an economic stability score of 65/100, there is a risk of economic downturns negatively impacting rental demand and property values.
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