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, 1-bathroom apartment of 61 m² on the 1st floor, built in 1987, energy rating D. Located on rua França Borges, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment is situated within walking distance of the Municipal Market, enhancing its appeal for both residents and investors due to its vibrant local economy.
The valuation. The asking price of €199,000 is below the fair value of €223,667, indicating an underpriced opportunity by €24,667 (11.0%). This positions the property as an attractive investment with potential for appreciation.
Fair value modelled at €223,667 from 5 comparable sales in the area. Asking €199,000 sits €24,667 (11.0%) below — the upside to fair value.
Asking €199,000 versus the rua França Borges area baseline of €227,691 (€3,733/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 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 €227,691, adjusted for condition and micro-location, gives a modelled fair value of €223,667 (€3,667/m²), a €24,667 (11.0%) gap versus the €199,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua França Borges | Subject | €199,000 | €3,262 | — | 61 | 72 |
| Portimão · 1f35cf | Active | €290,000 | €3,867 | 18.5% | 65 | 73 |
| Portimão · 8313bc | Active | €299,000 | €3,646 | 11.8% | 70 | 73 |
| travessa de Olivença, 8 | Active | €260,000 | €4,262 | 30.7% | 66 | 73 |
| rua da Quinta do Bispo | Active | €330,000 | €3,667 | 12.4% | 65 | 71 |
| Median comp | €294,500 | €3,767 | 15.5% | 66 | 73 |
Short-term vacation rental This property presents a strong opportunity for short-term vacation rental given its competitive pricing at €199,000, while the fair value suggests potential for increased rental income. With a gross yield of 4.9%, it is well-positioned to capitalize on the tourist influx in the Algarve region. Buy-and-hold Investing in this 2-bed apartment is viable as its listing price is below the fair value, indicating potential appreciation over time. The property's location in Portimão allows for a stable rental income, supported by a good neighbourhood score of 72/100. Value-add renovation This property allows for value-add opportunities, as purchasing at €199,000 below the fair value suggests potential for margin enhancement through renovations. Given its condition rating of 58/100, strategic improvements could significantly elevate both the resale value and rental yield of the apartment.
Economic and Tenant Instability With both the economic stability and tenant stability scores at 70/100, there is a risk of fluctuations in rental income due to potential job losses or tenant turnover, impacting cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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