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 99 m² on the 3rd floor, built in 1976, energy rating E. Located on rua França Borges, 1, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: Recent updates enhance the interior, while the location offers immediate access to local amenities and services, ensuring convenience for residents.
The valuation. The asking price of €290,000 is below the fair value of €320,586, indicating an opportunity as it is subvalued by €30,586 (9.5%).
Fair value modelled at €320,586 from 6 comparable sales in the area. Asking €290,000 sits €30,586 (9.5%) below — the upside to fair value.
Asking €290,000 versus the rua França Borges, 1 area baseline of €321,805 (€3,251/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 €321,805, adjusted for condition and micro-location, gives a modelled fair value of €320,586 (€3,238/m²), a €30,586 (9.5%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua França Borges, 1 | Subject | €290,000 | €2,929 | — | 65 | 74 |
| rua Professor Doutor Montalvão Marques, 1 | Active | €285,000 | €2,740 | 6.4% | 58 | 73 |
| rua França Borges, 2 | Active | €270,000 | €2,700 | 7.8% | 65 | 82 |
| Portimão · 1f35cf | Active | €290,000 | €3,867 | 32.0% | 65 | 73 |
| rua da Pedra, 9 | Active | €320,000 | €2,963 | 1.1% | 70 | 72 |
| Median comp | €287,500 | €2,852 | 2.7% | 65 | 73 |
Short-term vacation rental The property’s appealing location in Portimão positions it well for short-term vacation rentals, capitalizing on the region’s robust tourism sector. With a gross yield of 4.1%, the investment presents a favorable opportunity given the rental demand during peak seasons. Buy-and-hold Investing in this 2-bed apartment offers a solid long-term strategy, as it is currently priced 9.5% below its fair value of €320,586. The stable economy reliant on tourism ensures ongoing demand, making it a pragmatic choice for those looking to build equity over time. Family rental The 2-bed apartment’s location in a low-crime area with adequate amenities makes it suitable for family rentals, where demand remains consistent. Being underpriced compared to its fair value suggests potential for steady rental income, bolstered by the community's positive attributes.
Economic Vulnerability: With an economic stability score of 65/100, there is a significant risk that economic downturns could negatively impact property values and rental demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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