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 92 m², built in 2000, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. One of the standout features of this apartment is its private rooftop terrace, offering stunning panoramic views of the city and distant sea, perfect for outdoor entertainment.
The valuation. The asking price of €299,000 sits €5,808 (1.9%) below the fair value of €304,808, indicating that the property is underpriced relative to its assessed worth. This presents an immediate buying opportunity for investors. Buy-to-flip angle. With strategic renovations and improvements, the property can be positioned for a quick resale at a higher price, capitalizing on the increasing demand in the Albufeira area. Aiming for a major upgrade could significantly enhance the profit margins. Buy-to-let angle. Given the gross yield of 3.9% and an estimated rental income of €972 per month, the property stands to generate dependable cash flow. Short-term vacation rentals could further enhance the return on investment, appealing to tourists in the Algarve region.
Fair value modelled at €304,808 from the area baseline, adjusted for condition and location. Asking €299,000 sits €5,808 (1.9%) below — the upside to fair value.
Asking €299,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €279,128 (€3,034/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 73 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
Albufeira e Olhos de Água, Albufeira, Faro
Area baseline €279,128 + condition +€0 + location +€25,680 = modelled fair value of €304,808 (€3,313/m²), a €5,808 (1.9%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 4a800f | Subject | €299,000 | €3,250 | — | 73 | 73 |
| estrada de Vale de Pedras, 101 | Active | €365,000 | €2,992 | 7.9% | 72 | 71 |
| Albufeira e Olhos de Água · 956dfc | Active | €360,000 | €2,416 | 25.7% | 75 | 72 |
| Albufeira e Olhos de Água · 6f4083 | Active | €299,000 | €3,518 | 8.2% | 68 | 78 |
| Albufeira e Olhos de Água · 6fbaa3 | Active | €535,000 | €2,524 | 22.4% | 76 | 71 |
| Median comp | €362,500 | €2,758 | 15.1% | 74 | 72 |
Short-term vacation rental This 2-bed apartment in Albufeira e Olhos de Água shows promise for the short-term vacation rental market, currently priced at €299,000 which is 1.9% below its fair value of €304,808. With a gross yield of 3.9% and a good condition rating of 75/100, it is well-positioned to attract tourists looking for quality accommodations in the Algarve. Long-term rental Despite a competitive rental market, this property’s current listing price is relatively aligned with its fair market value, creating a solid opportunity for long-term rental returns. With the potential for stable tenancy in a neighbourhood rated 73/100, it offers both value and reliability for landlords. Buy-and-hold Acquiring this apartment as a buy-and-hold investment appears favorable given its current price point of €299,000, which is slightly below the fair value. The 3.9% gross yield reflects the property's potential to generate consistent income, while the moderate condition and solid neighborhood rating provide a stable investment environment. Not ideal for: Student housing, Luxury market, Value-add renovation
Economic dependency risk A score of 65/100 in economic stability indicates potential vulnerabilities in local economic conditions that could affect tenant demand and rental income.
