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 65 m², built in 1978, energy rating B. Located on avenida Sá Carneiro, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment features a generous balcony that enhances outdoor living, providing additional space for relaxation and entertaining in a climate renowned for its pleasant weather.
The valuation. The asking price of €290,000 is significantly above the fair value of €209,777, resulting in an overvaluation of €80,223 (27.7%). This discrepancy indicates that the property is overpriced.
Fair value modelled at €209,777 from the area baseline, adjusted for condition and location. Asking €290,000 sits €80,223 (27.7%) above — overpriced versus fair value.
Asking €290,000 versus the avenida Sá Carneiro area baseline of €224,250 (€3,450/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 74 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 64/100 (Housing Market 70 · Amenities 65 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
avenida Sá Carneiro
Area baseline €224,250 + condition +€1,523 + location +€11,044 = modelled fair value of €209,777 (€3,227/m²), a €80,223 (27.7%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Sá Carneiro | Subject | €290,000 | €4,462 | — | 74 | 64 |
| rua dos Ibíscos | Active | €390,000 | €4,875 | 9.3% | 80 | 73 |
| Albufeira e Olhos de Água · dee3af | Active | €389,990 | €3,645 | 18.3% | 70 | 65 |
| Albufeira e Olhos de Água · 001855 | Active | €655,000 | €3,722 | 16.6% | 78 | 65 |
| Albufeira e Olhos de Água · 49b926 | Active | €420,000 | €6,364 | 42.6% | 76 | 72 |
| Median comp | €405,000 | €4,299 | 3.7% | 77 | 69 |
Short-term vacation rental The property is overpriced at €290,000 compared to a fair value of €209,777, resulting in a 27.7% gap. With a gross yield of only 3.8%, the investment lacks competitive returns, making it a less appealing option for vacation rentals. Buy-and-hold At a listing price of €290,000, this 2-bed apartment exceeds its fair value by 27.7%, indicating that it is overpriced. The gross yield of 3.8% falls short of optimal levels for a buy-and-hold strategy, limiting potential long-term capital appreciation. Value-add renovation With the property listed at €290,000, there exists a notable gap of 27.7% over its fair value of €209,777, leading to its classification as overpriced. Even with potential renovations, the anticipated yields may not justify the initial investment, given the current gross yield of 3.8% and the condition score of 77/100. Not ideal for: Student housing, Luxury market, Long-term rental Considering the current listing price of €290,000 exceeds its fair value, it is not suitable for student housing, luxury market, or long-term rental strategies due to its lack of value.
Economic Vulnerability The economic stability score of 60/100 indicates a potential risk due to fluctuations in local economic conditions that could affect rental income.
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