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.
3-bedroom, 2-bathroom duplex of 120 m², energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Notable Feature: This duplex apartment includes a generous 15 m² terrace ideal for relaxation, complemented by direct access to the condominium's pool and garden from its private outdoor space.
The valuation. The asking price of €399,000 sits above the fair value of €376,668 by €22,332 (5.6%), indicating the property is overpriced. Buyers should approach with caution regarding the return on investment. Buy-to-flip angle. A resale strategy would involve updating the property for appeal, leveraging its good condition to appeal to buyers looking for short-term use in a popular tourist area. Buy-to-let angle. While currently showing a gross yield of 0%, potential exists for rental income through short-term vacation rentals, capitalizing on the seasonal influx of tourists in the Algarve region.
Fair value modelled at €376,668 from the area baseline, adjusted for condition and location. Asking €399,000 sits €22,332 (5.6%) above — overpriced versus fair value.
Asking €399,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €364,080 (€3,034/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 72 · Materials 80 · Room dimensions 74). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 58/100 (Housing Market 60 · Amenities 55 · Economic 55 · Tenant Quality 58). Strong amenities and housing-market momentum support a premium to baseline.
Albufeira e Olhos de Água, Albufeira, Faro
Area baseline €364,080 + condition +€938 + location +€11,651 = modelled fair value of €376,668 (€3,139/m²), a €22,332 (5.6%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 1e640d | Subject | €399,000 | €3,325 | — | 72 | 58 |
| Albufeira e Olhos de Água · 6fbaa3 | Active | €535,000 | €2,524 | 24.1% | 76 | 71 |
| rua de Dunfermline | Active | €330,000 | €2,946 | 11.4% | 71 | 64 |
| Albufeira e Olhos de Água · 4a800f | Active | €299,000 | €3,250 | 2.3% | 73 | 73 |
| Albufeira e Olhos de Água · ba3e6c | Active | €330,000 | €3,511 | 5.6% | 80 | 61 |
| Median comp | €330,000 | €3,098 | 6.8% | 75 | 68 |
Short-term vacation rental The property is overpriced at €399,000 compared to a fair value of €376,668, indicating a 5.6% gap. Given the zero gross yield and seasonal tourist influx, the potential for profitability through short-term rentals is significantly compromised. Buy-and-hold With the current price being above its fair value, this property is not positioned for optimal long-term appreciation, given its 0% yield and neighborhood rating of 58/100. The lack of a compelling return on investment makes it an unattractive option for a buy-and-hold strategy. Value-add renovation Investing at the current asking price of €399,000 detracts from the potential value-add benefits that renovations could yield, especially with a fair value set at €376,668. While renovations could improve the condition rating of 76/100, the property’s current overpricing limits the upside potential from such efforts.
Tenant turnover risk The tenant stability score of 58/100 suggests a higher likelihood of tenant turnover, which could lead to increased vacancy rates and inconsistent rental income.
