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, 0-bathroom apartment of 93 m², built in 2019. Located Budens parish, Vila do Bispo municipality, Faro district. Noteworthy Features: The apartment includes a spacious living room with a fireplace, enhancing the comfort of the open-plan design, alongside a sunny terrace equipped with a barbecue for outdoor entertaining.
The valuation. The asking price of €415,000 is €15,601 (3.9%) above the fair value of €399,399. This positions the property fairly within the market, indicating a reasonable pricing strategy. Buy-to-flip angle. With a current condition rating of 80/100, this apartment could benefit from aesthetic updates or renovations before resale, targeting a higher price point in the thriving Algarve market. Buy-to-let angle. Positioned for vacation rentals, this property in Budens leverages its proximity to Albufeira, aiming for a consistent income stream despite the current estimated gross yield of 0%.
Fair value modelled at €399,399 from 6 comparable sales in the area. Asking €415,000 sits €15,601 (3.9%) above — overpriced versus fair value.
Asking €415,000 versus the Budens, Vila do Bispo, Faro area baseline of €334,279 (€3,594/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €334,279, adjusted for condition and micro-location, gives a modelled fair value of €399,399 (€4,295/m²), a €15,601 (3.9%) gap versus the €415,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Budens · 0ac4ba | Subject | €415,000 | €4,462 | — | 82 | 73 |
| Budens · 89e61b | Active | €340,000 | €6,182 | 38.5% | 72 | 71 |
| urbanização Lematur | Active | €385,000 | €3,632 | 18.6% | 75 | 71 |
| Budens · 4d4762 | Active | €347,000 | €4,957 | 11.1% | 73 | 73 |
| Budens · cc9b7d | Active | €495,000 | €3,511 | 21.3% | 78 | 72 |
| Median comp | €366,000 | €4,295 | 3.8% | 74 | 72 |
Short-term vacation rental Despite being in a prime location near Albufeira, the property has a gross yield of 0%, making it less ideal for short-term vacation rental investments. The fair value of €399,399 highlights that it is priced accordingly, reflecting the balance between its appeal for tourists and the current market conditions. Long-term rental With a yield of 0% and the fair value closely aligning with its listing price, the property is situated in a neighborhood that primarily caters to tourists rather than long-term residents. This aspect may limit its potential for steady long-term rental income despite its decent location and neighborhood safety ratings. Buy-and-hold Although the listing price is fair in relation to its value, investing in this property for a buy-and-hold strategy may not yield significant returns due to its 0% gross yield. The long-term appreciation potential remains uncertain in a market dominated by tourist demand over residential stability. Not ideal for: Student housing, Industrial investment, Large commercial developments
Economic downturn risk The property's economic stability score of 70/100 indicates potential vulnerability to economic downturns that could affect tenant retention and rent payments, while the tenant stability score of 75/100 shows that a moderate level of tenant reliability exists, raising concerns during uncertain economic times.
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