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 82 m², built in 2023, energy rating A. Located Aljezur parish, Aljezur municipality, Faro district. Noteworthy Features: This apartment offers a spacious back patio with views of the pine forest, enhancing outdoor living, and includes a BBQ area for entertaining. AL License: Currently operating a well-rated tourism business.
The valuation. The asking price of €398,000 is significantly above fair value of €157,826, resulting in an overpriced verdict of €240,174 (60.3%). Such a discrepancy raises concerns about the investment's potential for appreciation. Buy-to-flip angle. With a high-quality 2-bed 2-bath layout and prime location, a buy-to-flip strategy could potentially target short-term vacation rentals or reselling to investors for a profit post renovation. Buy-to-let angle. A buy-to-let approach aims for estimated rental income of €1,360/month, yielding 4.1% gross yield. This is appealing given the Algarve's tourism-driven demand for rental properties, although overall neighborhood ratings indicate mixed conditions.
Fair value modelled at €157,826 from the area baseline, adjusted for condition and location. Asking €398,000 sits €240,174 (60.3%) above — overpriced versus fair value.
Asking €398,000 versus the Aljezur, Aljezur, Faro area baseline of €140,794 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 80 · Materials 85 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 65/100 (Housing Market 70 · Amenities 65 · Economic 60 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Aljezur, Aljezur, Faro
Area baseline €140,794 + condition +€8,584 + location +€8,448 = modelled fair value of €157,826 (€1,925/m²), a €240,174 (60.3%) gap versus the €398,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Aljezur · 023c46 | Subject | €398,000 | €4,854 | — | 80 | 65 |
| urbanização Espartal, 2 | Active | €398,000 | €4,854 | 0% | 78 | 55 |
| Aljezur · 1e667d | Active | €785,000 | €3,165 | 34.8% | — | 63 |
| urbanização Espartal, 1 | Active | €1,400,000 | €6,009 | 23.8% | 85 | 59 |
| urbanização Vale da Telha | Active | €480,000 | €3,967 | 18.3% | 76 | 70 |
| Median comp | €632,500 | €4,411 | 9.1% | 78 | 61 |
Short-term vacation rental This property is overpriced, as the fair value stands at €157,826, creating a significant gap of 60.3%. The current gross yield of 4.1% does not justify the high listing price in a market where tourism significantly influences rental income potential. Long-term rental The apartment's valuation of €398,000 is above its fair value, indicating it is overpriced by 60.3%. Given the gross yield of 4.1%, this property will likely struggle to attract tenants at a rental rate that reflects its current asking price. Buy-and-hold With a fair value of €157,826, the apparent pricing of €398,000 makes this investment overpriced by 60.3%. The expected return from a 4.1% gross yield does not compensate for the high entry cost in a market driven by tourism and economic fluctuations.
Tenant turnover risk High tenant turnover is a likely concern with a tenant stability score of 65/100, potentially leading to increased vacancy rates and greater costs associated with finding new tenants.
