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 127 m² on the 1st floor, built in 2011, energy rating B. Located on praceta da Borralha, Portimão parish, Portimão municipality, Faro district. Noteworthy Features: The apartment includes a central vacuum system for enhanced convenience and electric shutters on all windows, providing both functionality and security while maximizing energy efficiency.
The valuation. The asking price of €330,000 sits €50,365 (13.2%) below the fair value of €380,365, indicating that this property is underpriced. Buy-to-flip angle. The resale strategy targets a quick turnaround through minor improvements and staging to attract buyers, capitalizing on the desirable Algarve market. Buy-to-let angle. With an estimated rental income of €1,072 per month, the property offers a gross yield of 3.9%, making it an attractive option for long-term rental in a tourist-friendly area.
Fair value modelled at €380,365 from 6 comparable sales in the area. Asking €330,000 sits €50,365 (13.2%) below — the upside to fair value.
Asking €330,000 versus the praceta da Borralha area baseline of €332,746 (€2,620/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €332,746, adjusted for condition and micro-location, gives a modelled fair value of €380,365 (€2,995/m²), a €50,365 (13.2%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta da Borralha | Subject | €330,000 | €2,598 | — | 72 | 73 |
| Portimão · 1338c9 | Active | €318,000 | €2,865 | 10.3% | 78 | 74 |
| rua das Traineiras | Active | €315,000 | €3,000 | 15.5% | 78 | 73 |
| rua Francisco Alvo, 5 | Active | €435,000 | €2,277 | 12.4% | 78 | 75 |
| Portimão · 1f3429 | Active | €565,000 | €3,038 | 16.9% | 73 | 77 |
| Median comp | €376,500 | €2,933 | 12.9% | 78 | 75 |
Short-term vacation rental The 2-bed apartment in Portimão offers a promising opportunity for short-term vacation rentals, as the property is currently marked at €330,000, 13.2% below its fair value, leading to strong potential returns. With a gross yield of 3.9% and solid amenities in a popular tourist location, this investment should attract consistent rental demand. Long-term rental Investing in this property for long-term rental purposes presents a strategic choice, reflecting an undervaluation compared to the fair market of €380,365. The neighborhood's decent tenant quality and condition rating boast the potential for reliable rental income and stable occupancy. Buy-and-hold Acquiring this apartment as a buy-and-hold investment aligns with a positive long-term strategy in Portimão, where the property is undervalued compared to the fair market price. Given the attractive neighborhood ratings and potential for appreciation, this property could yield favorable appreciation over time.
Economic Vulnerability With an economic stability score of 65/100, there is a moderate risk of economic downturns affecting property demand and value.
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