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 155 m², built in 2007. Located Budens parish, Vila do Bispo municipality, Faro district. This apartment features a private rooftop terrace with a built-in jacuzzi and shaded pergola, providing a luxurious outdoor space for relaxation and entertainment while enjoying stunning coastal views.
The valuation. The asking price of €1,200,000 is significantly above the fair value of €308,930, representing a markup of €891,070 (74.3%). The property is clearly overpriced given the current market conditions.
Fair value modelled at €308,930 from the area baseline, adjusted for condition and location. Asking €1,200,000 sits €891,070 (74.3%) above — overpriced versus fair value.
Asking €1,200,000 versus the Budens, Vila do Bispo, Faro area baseline of €492,900 (€3,180/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 (Condition 85 · Materials 84 · Room dimensions 82). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 72/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Budens, Vila do Bispo, Faro
Area baseline €492,900 + condition +€19,375 + location +€23,420 = modelled fair value of €308,930 (€1,993/m²), a €891,070 (74.3%) gap versus the €1,200,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Budens · 6d54e8 | Subject | €1,200,000 | €7,742 | — | 85 | 72 |
| urbanização Lematur | Active | €385,000 | €3,632 | 53.1% | 75 | 71 |
| Budens · 99f0e1 | Active | €745,000 | €3,706 | 52.1% | 78 | 75 |
| Budens · 4b92a5 | Active | €625,000 | €4,630 | 40.2% | 79 | 73 |
| parque Florestal Golf de Santo António, 74 | Active | €472,000 | €3,085 | 60.2% | 80 | 68 |
| Median comp | €548,500 | €3,669 | 52.6% | 79 | 72 |
Short-term vacation rental This property is overpriced by 74.3%, making it an unwise investment for short-term vacation rentals, particularly considering the 0% gross yield. The high listing price relative to its fair value of €308,930 limits potential profitability in the competitive Algarve market. Long-term rental With a fair value of €308,930, the property, priced at €1,200,000, is significantly overpriced, resulting in an unattractive investment for long-term rentals. The lack of yield and the gap from fair value indicates insufficient cash flow relative to the investment required. Buy-and-hold Investing in this property as a buy-and-hold strategy is problematic, as it is overpriced by 74.3%, with a current valuation of €1,200,000 far exceeding its fair value of €308,930. This significant price discrepancy suggests that holding onto this asset would not yield favorable returns over time.
Economic Volatility Risk The economic stability score of 65 indicates a moderate risk of economic downturns, which could lead to increased vacancy rates or decreased rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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