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 55 m², built in 1988, energy rating C. Located Budens parish, Vila do Bispo municipality, Faro district. Noteworthy features: The apartment boasts a spacious covered private terrace with sea views, ideal for outdoor dining, enhancing the overall living experience in the Algarve climate.
The valuation. The asking price of €340,000 substantially exceeds the fair value of €191,021, placing it at €148,979 (78.0%) over the fair market rate. This property is thus considered overpriced.
Fair value modelled at €191,021 from 6 comparable sales in the area. Asking €340,000 sits €148,979 (78.0%) above — overpriced versus fair value.
Asking €340,000 versus the Budens, Vila do Bispo, Faro area baseline of €163,464 (€2,972/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €163,464, adjusted for condition and micro-location, gives a modelled fair value of €191,021 (€3,473/m²), a €148,979 (78.0%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Budens · 89e61b | Subject | €340,000 | €6,182 | — | 72 | 71 |
| urbanização Lematur | Active | €385,000 | €3,632 | 41.2% | 75 | 71 |
| Budens · 6d54e8 | Active | €1,200,000 | €7,742 | 25.2% | 85 | 72 |
| Budens · f36646 | Active | €535,000 | €4,315 | 30.2% | 80 | 72 |
| parque Florestal Golf de Santo António, 74 | Active | €472,000 | €3,085 | 50.1% | 80 | 68 |
| Median comp | €503,500 | €3,974 | 35.7% | 80 | 72 |
Long-term rental The current listing price of €340,000 is significantly above the fair value of €191,021, indicating that this property is overpriced and not a viable long-term rental investment. With a gross yield of 0%, the financial return on this property remains non-existent, making it unattractive for long-term rental strategies. Short-term vacation rental While the location within Algarve could attract tourists, the property’s price of €340,000 far exceeds the fair value of €191,021, suggesting it is overpriced and unlikely to yield satisfactory returns as a short-term vacation rental. The absence of a gross yield further highlights the financial impracticality of this investment strategy. Family rental Despite the property's decent condition rating of 75/100, the asking price of €340,000 is excessively above its fair value of €191,021, indicating that it is overpriced for potential family rental opportunities. The lack of gross yield compounds the issue, signaling that investing here may lead to financial strain rather than steady income. Not ideal for: Student housing, Luxury market
Economic vulnerability The economic stability score of 65/100 indicates potential vulnerability to economic downturns, which could impact tenant retention and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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