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, 3-bathroom house of 190 m², built in 1937, energy rating F. Located Budens parish, Vila do Bispo municipality, Faro district. Highlight: The property features a versatile annex that includes a private kitchen and bathroom, ideal for guest accommodation or a home office, enhancing its rental potential.
The valuation. The asking price of €499,000 is below the fair value of €567,738, making the property subvalued by €68,738 (12.1%). This presents an attractive opportunity for investors seeking value in the Budens market.
Fair value modelled at €567,738 from 6 comparable sales in the area. Asking €499,000 sits €68,738 (12.1%) below — the upside to fair value.
Asking €499,000 versus the Budens, Vila do Bispo, Faro area baseline of €444,309 (€2,338/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is above the parish average, lifting 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 €444,309, adjusted for condition and micro-location, gives a modelled fair value of €567,738 (€2,988/m²), a €68,738 (12.1%) gap versus the €499,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Budens · 07fc36 | Subject | €499,000 | €2,626 | — | 72 | 75 |
| Budens · 86cab0 | Active | €495,000 | €3,000 | 14.2% | 72 | 79 |
| Budens · efdc35 | Active | €600,000 | €2,791 | 6.3% | 72 | 74 |
| Budens · 787f22 | Active | €495,000 | €3,511 | 33.7% | 75 | 64 |
| Budens · ade5af | Active | €375,000 | €2,976 | 13.3% | 70 | 73 |
| Median comp | €495,000 | €2,988 | 13.8% | 72 | 74 |
Short-term vacation rental With a fair value of €567,738, this property in Budens, Vila do Bispo is currently underpriced by 12.1%, presenting an attractive opportunity for short-term vacation rental strategies, particularly given the area's reliance on tourism. The low crime rates and quality amenities bolster its appeal to tourists seeking a safe and pleasant stay. Luxury market The property is positioned well within the developing luxury market in the Algarve, with its fair value indicating a potential for elevated returns as demand continues to rise. Budens' pleasant surroundings and moderate access to upscale amenities make it a desirable location for affluent buyers. Buy-and-hold This property represents a compelling buy-and-hold investment, given its underpriced nature and the steady demand generated by the region's tourism-driven economy. Over time, as the market appreciates and the neighborhood develops further, investors can expect solid long-term growth from this asset.
Economic Instability Risk The economic stability score of 70 indicates potential fluctuations in the local economy which could negatively impact tenant retention and 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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