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 139 m² on the 2nd floor, built in 1999, energy rating D. Located on rua 25 de Abril, 6, Aljezur parish, Aljezur municipality, Faro district. This apartment features a spacious garage and dedicated storage room, catering to outdoor enthusiasts needing space for beach and recreational gear.
The valuation. The asking price of €388,000 is notably below the fair value of €595,383, resulting in a difference of €207,383, or 34.8%. This property is underpriced based on its overall market valuation. Buy-to-flip angle. With potential renovations, such as modernizing kitchen cabinetry, the apartment could attract buyers willing to pay a premium, making it a viable short-term resale option in the desirable coastal Algarve market. Buy-to-let angle. The location's strong tourism appeal supports a strategy of converting this property into a short-term vacation rental, allowing for significant rental income that capitalizes on seasonal demand from visitors to the Algarve region.
Fair value modelled at €595,383 from 6 comparable sales in the area. Asking €388,000 sits €207,383 (34.8%) below — the upside to fair value.
Asking €388,000 versus the rua 25 de Abril, 6 area baseline of €506,826 (€3,646/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €506,826, adjusted for condition and micro-location, gives a modelled fair value of €595,383 (€4,283/m²), a €207,383 (34.8%) gap versus the €388,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua 25 de Abril, 6 | Subject | €388,000 | €2,791 | — | 72 | 61 |
| Aljezur · 86cd20 | Active | €320,000 | €4,000 | 43.3% | 68 | 60 |
| rua da Ladeira, 19 | Active | €332,000 | €4,150 | 48.7% | 70 | 64 |
| Aljezur · 23f393 | Active | €364,000 | €5,127 | 83.7% | 75 | 70 |
| Aljezur · cd095c | Active | €500,000 | €3,356 | 20.2% | 65 | 63 |
| Median comp | €348,000 | €4,075 | 46.0% | 69 | 64 |
Short-term vacation rental The strong tourism appeal of the Coastal Algarve positions this 2-bed apartment favorably for short-term vacation rentals, despite the property being priced significantly below its fair value. With a fair value gap of 34.8%, this investment could capture increasing tourist demand while reaping the benefits of rental income. Buy-and-hold Acquiring this property as a buy-and-hold investment leverages its subvalued status in a region known for solid tourism, ensuring long-term appreciation potential. The neighborhood's amenities and the overall property condition suggest that holding this asset could yield attractive future returns. Family rental This apartment presents an opportunity for a family rental strategy, with its spacious layout and proximity to essential services in Aljezur. Despite the current economic instability driven by seasonal employment, the fair value indicates a solid investment for family tenants looking for long-term housing options.
Tenant turnover risk High tenant turnover is possible due to the below-average tenant stability score of 58/100, which may lead to increased vacancy rates and costs associated with filling vacancies.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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