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 78 m², built in 1993, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features The apartment includes a cozy fireplace in the living room, enhancing warmth and ambiance, along with a closed balcony off the kitchen for additional storage or laundry use.
The valuation. The asking price of €318,000 is significantly above the fair value of €248,000, indicating an overpriced property by €70,000 (22.0%). This discrepancy suggests that potential investors should proceed with caution.
Fair value modelled at €248,000 from the area baseline, adjusted for condition and location. Asking €318,000 sits €70,000 (22.0%) above — overpriced versus fair value.
Asking €318,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €269,100 (€3,450/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 70 · Materials 68 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 75 · Amenities 80 · Economic 55 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Albufeira e Olhos de Água, Albufeira, Faro
Area baseline €269,100 + condition -€8,531 + location +€19,879 = modelled fair value of €248,000 (€3,179/m²), a €70,000 (22.0%) gap versus the €318,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 99f39d | Subject | €318,000 | €4,077 | — | 70 | 71 |
| avenida Sa Carneiro | Active | €255,000 | €4,048 | 0.7% | 70 | 72 |
| Albufeira e Olhos de Água · 001626 | Active | €270,000 | €4,909 | 20.4% | 68 | 74 |
| rua do Atlântico, 33A | Active | €285,000 | €4,524 | 11.0% | 68 | 73 |
| avenida Sá Carneiro, 19 | Active | €269,000 | €4,559 | 11.8% | 65 | 65 |
| Median comp | €269,500 | €4,542 | 11.4% | 68 | 73 |
Short-term vacation rental The property is positioned in a popular tourist region, yet with a gross yield of only 3.8%, potential cash flow may not justify the purchase price. Its current listing price of €318,000 is 22.0% above the fair value, indicating that it may generate lower returns compared to its cost. Buy-and-hold Buying this property as a long-term investment poses risks, given that it is overpriced at €318,000, significantly higher than the fair value of €248,000. The lower-than-average condition score of 68/100 also suggests potential maintenance challenges that could impact future appreciation. Value-add renovation Although value-add renovations could enhance the property’s appeal and potentially increase its value, the initial acquisition cost is a deterrent at €318,000—22.0% above fair value. Improving a property with a score of 68/100 may yield benefits, but the investment would need to compensate for the starting price exceeding reasonable market expectations. Not ideal for The limited amenities and school options in Albufeira e Olhos de Água indicate this property is ill-suited for student housing and the luxury market, which further solidifies the case for reconsidering its current valuation. Additionally, with the long-term rental market being less favorable in this location, this property is not a strong candidate for conventional rental strategies.
Rent Collection Risk The economic stability score of 55/100 indicates potential income instability, which could adversely affect the predictability of rent collection from tenants with a stability score of 70/100.
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