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, 2-bathroom apartment of 95 m². Located on rua da Esteva, 11, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Feature: The ground-floor apartment includes a private terrace ideal for outdoor dining and leisure, enhancing lifestyle options in a tranquil, sought-after neighborhood close to the beach.
The valuation. The asking price of €360,000 exceeds the fair value of €283,693 by €76,307, translating to 21.2%. This indicates the property is overpriced. Buy-to-flip angle. A forced resale strategy could capitalize on the area’s tourism appeal, targeting vacation buyers looking for properties in Albufeira. Healthy demand for short-term rentals can pave the way for a quick turnover. Buy-to-let angle. The estimated rental income of €1,140/month yields roughly 3.8%, making it a feasible option for buy-and-hold investors targeted at long-term family rentals. The property’s mixed neighborhood profile supports sustained occupancy rates.
Fair value modelled at €283,693 from the area baseline, adjusted for condition and location. Asking €360,000 sits €76,307 (21.2%) above — overpriced versus fair value.
Asking €360,000 versus the rua da Esteva, 11 area baseline of €330,220 (€3,476/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 (Condition 65 · Materials 60 · Room dimensions 67). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 61/100 (Housing Market 75 · Amenities 60 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua da Esteva, 11
Area baseline €330,220 + condition -€17,219 + location +€12,682 = modelled fair value of €283,693 (€2,986/m²), a €76,307 (21.2%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Esteva, 11 | Subject | €360,000 | €3,789 | — | 65 | 61 |
| rua Manuel José de Paiva | Active | €375,000 | €3,000 | 20.8% | 72 | 67 |
| Albufeira e Olhos de Água · 6fbaa3 | Active | €535,000 | €2,524 | 33.4% | 76 | 71 |
| Albufeira e Olhos de Água · b7b513 | Active | €180,000 | €4,000 | 5.6% | 60 | 74 |
| Albufeira e Olhos de Água · 03254d | Active | €450,000 | €3,913 | 3.3% | 70 | 72 |
| Median comp | €412,500 | €3,457 | 8.8% | 71 | 72 |
Short-term vacation rental This property in Albufeira e Olhos de Água, priced at €360,000, is overpriced by 21.2% relative to its fair value of €283,693, making it a less attractive option for short-term vacation rentals. With a gross yield of only 3.8% and a neighborhood rating of 61/100, the investment potential is limited due to high acquisition costs. Buy-and-hold Given the current listing price of €360,000, this 2-bed apartment is overpriced compared to its fair value of €283,693, indicating that holding this property long-term may not yield the desired return. The 3.8% gross yield and neighborhood condition score of 63/100 suggest that future appreciation is uncertain, making this strategy risky. Family rental The current asking price of €360,000 indicates that the property is overpriced by 21.2%, which could deter families seeking rental options in Albufeira e Olhos de Água. With a gross yield of only 3.8% and a neighborhood score of 61/100, the potential for stable rental income is diminished, limiting its appeal for family renting purposes.
Economic Volatility The economic stability score of 50/100 indicates a moderate risk of economic downturns affecting property value and tenant demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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