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.
2-bedroom, 2-bathroom apartment of 227 m² on the 1st floor, built in 2010, energy rating A+. Located on praceta da Borralha, Portimão parish, Portimão municipality, Faro district. Noteworthy Feature: This apartment's impressive 100m² of private terrace space provides an inviting outdoor oasis, perfect for entertaining or relaxation while enjoying panoramic views of the Monchique Mountains.
The valuation. The asking price of €375,000 is substantially lower than the fair value of €570,147, representing a discount of €195,147 (34.2%). This property is clearly underpriced in the current market.
Fair value modelled at €570,147 from 6 comparable sales in the area. Asking €375,000 sits €195,147 (34.2%) below — the upside to fair value.
Asking €375,000 versus the praceta da Borralha area baseline of €513,059 (€2,260/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €513,059, adjusted for condition and micro-location, gives a modelled fair value of €570,147 (€2,512/m²), a €195,147 (34.2%) gap versus the €375,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta da Borralha | Subject | €375,000 | €1,652 | — | 70 | 70 |
| rua Francisco Alvo, 5 | Active | €435,000 | €2,277 | 37.9% | 78 | 75 |
| Portimão · 6c773b | Active | €399,000 | €2,389 | 44.6% | 72 | 73 |
| rua Monte da Bemposta, 196 | Active | €429,500 | €2,512 | 52.0% | 75 | 71 |
| Portimão · 6d5229 | Active | €540,000 | €2,512 | 52.0% | 75 | 73 |
| Median comp | €432,250 | €2,451 | 48.3% | 75 | 73 |
Short-term vacation rental Given the high tourist demand and expat interest, this property presents a strong opportunity for a short-term vacation rental, despite its gross yield currently being at 0%. With a fair value significantly above the listing price, this investment can capitalize on the seasonal influx of visitors to Portimão. Buy-and-hold The property’s listing price of €375,000 is considerably lower than its fair value of €570,147, making it a compelling buy-and-hold investment in a region that benefits from stable tourism-driven demand. Additionally, with a neighborhood score of 70, the potential for long-term appreciation is promising even as the property requires some improvement in its condition. Family rental Although the neighborhood is rated as safe and desirable, aligning with a family rental strategy can capitalize on the expat interest and stable economic conditions present in the area. However, it is essential to consider that the lack of yield might necessitate additional investment to enhance the property's condition and attractiveness to potential family tenants.
Economic Vulnerability The economic stability score of 55/100 indicates potential economic downturns that could impact property value and investment returns due to market fluctuations.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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