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 on urbanização Espartal, 2, Aljezur parish, Aljezur municipality, Faro district. The property features a spacious rear patio with views of the pine forest, along with a front veranda equipped for outdoor cooking, enhancing the outdoor living experience.
The valuation. The asking price of €398,000 is significantly above the fair value of €150,657, creating a difference of €247,343 (62.1%). This property is overpriced in the current market context.
Fair value modelled at €150,657 from the area baseline, adjusted for condition and location. Asking €398,000 sits €247,343 (62.1%) above — overpriced versus fair value.
Asking €398,000 versus the urbanização Espartal, 2 area baseline of €287,410 (€3,505/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 (Condition 78 · Materials 82 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 55/100 (Housing Market 60 · Amenities 55 · Economic 50 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
urbanização Espartal, 2
Area baseline €287,410 + condition +€7,047 + location +€2,816 = modelled fair value of €150,657 (€1,837/m²), a €247,343 (62.1%) gap versus the €398,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização Espartal, 2 | Subject | €398,000 | €4,854 | — | 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 |
| Aljezur · 93740b | Active | €900,000 | €3,061 | 36.9% | 72 | 61 |
| Median comp | €842,500 | €3,566 | 26.5% | 76 | 62 |
Long-term rental This 2-bed apartment in Aljezur is overpriced at €398,000, significantly above the fair value of €150,657, leaving a 62.1% gap. With a gross yield of only 4.1%, the financial return is not compelling given the neighborhood's low rating of 55/100. Short-term vacation rental The location's allure for tourists does not justify the €398,000 listing price, particularly when the fair value stands at €150,657, revealing a significant pricing discrepancy. While there is demand for vacation rentals in the Algarve, the current yield of 4.1% suggests the investment is not financially viable at this price point. Value-add renovation Although renovations could potentially enhance the apartment's value, the current listing price of €398,000 is far above the fair value of €150,657 by 62.1%. The initial investment offers limited upside given the current yield of 4.1% and a condition score of 81/100, indicating there may be better opportunities available elsewhere. Not ideal for The property is not suitable for the luxury market, student housing, or urban commercial rental, especially with its neighborhood rating of 55/100. The economic landscape in Aljezur suggests that targeting these sectors would likely yield disappointing returns.
Economic Vulnerability The economic stability score of 50/100 indicates a significant risk of downturns in local economic conditions that could negatively impact tenant demand.
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