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.
3-bedroom, 2-bathroom apartment of 100 m² on the 3rd floor, energy rating E. Located on rua França Borges, 2, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: This apartment includes a sunroom that enhances natural light and offers potential for creating an informal gathering space, adding to its functional appeal in a bustling location.
The valuation. The asking price of €270,000 is €9,519, or 3.4%, below the fair value of €279,519. This positions the property as fairly valued in the current market.
Fair value modelled at €279,519 from 6 comparable sales in the area. Asking €270,000 sits €9,519 (3.4%) below — the upside to fair value.
Asking €270,000 versus the rua França Borges, 2 area baseline of €279,873 (€2,799/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 €279,873, adjusted for condition and micro-location, gives a modelled fair value of €279,519 (€2,795/m²), a €9,519 (3.4%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua França Borges, 2 | Subject | €270,000 | €2,700 | — | 65 | 82 |
| largo de Gil Eanes | Active | €282,000 | €3,065 | 13.5% | 70 | 71 |
| Portimão · ec1a2c | Active | €285,000 | €2,850 | 5.6% | 55 | 72 |
| rua Professor Doutor Montalvão Marques, 1 | Active | €285,000 | €2,740 | 1.5% | 58 | 73 |
| Portimão · 4a43a4 | Active | €325,000 | €2,708 | 0.3% | 60 | 74 |
| Median comp | €285,000 | €2,795 | 3.5% | 59 | 73 |
Short-term vacation rental This property offers a gross yield of 5%, positioning it well within the competitive short-term rental market in Algarve, which attracts substantial tourist foot traffic. Given the fair valuation of €270,000, the potential for stable demand aligns with seasonal tourism peaks, providing a favorable return opportunity. Buy-and-hold With the property fairly priced at €270,000, it presents a reasonable option for long-term investors seeking to benefit from ongoing rental income in a sought-after tourist location. The robust tourist influx in the Algarve supports consistent occupancy rates, although investors should consider the impact of seasonal fluctuations on cash flow. Family rental The property is adequately priced and located in a neighborhood that rates 82/100 for livability, making it an attractive option for families seeking longer-term housing solutions. However, while it maintains potential for stable rental returns, the economic stability provided by tourism means that families may prefer alternatives that offer year-round consistency in amenities and community services.
Economic Vulnerability The economic stability score of 75/100 may indicate potential challenges in the local economy that could impact property values or rental income.
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