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, 3-bathroom duplex of 101 m², built in 1996, energy rating D. Located on rua da Vela Latina, 36, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This duplex features unique architectural details, such as vaulted ceilings and large windows, that provide an abundance of natural light and enhance the overall spacious feel.
The valuation. The property is listed at €489,000, which is €146,520 (30.0%) above its fair value of €342,480, indicating it is overpriced. This valuation suggests limited immediate upside for investors looking for a sound financial opportunity.
Fair value modelled at €342,480 from the area baseline, adjusted for condition and location. Asking €489,000 sits €146,520 (30.0%) above — overpriced versus fair value.
Asking €489,000 versus the rua da Vela Latina, 36 area baseline of €348,450 (€3,450/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 82 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua da Vela Latina, 36
Area baseline €348,450 + condition +€6,628 + location +€29,418 = modelled fair value of €342,480 (€3,391/m²), a €146,520 (30.0%) gap versus the €489,000 asking price.
Short-term vacation rental The property is not suited for short-term vacation rental due to its 0% gross yield and a significant gap of 30.0% from its fair value. Despite its proximity to the Algarve coast, potential returns are likely diminished by its overpriced listing at €489,000. Buy-and-hold Investing in this 3-bed duplex as a buy-and-hold strategy is not advisable considering it is overpriced, with a fair value of €342,480 and a notable 30.0% gap. The neighborhood score of 74/100 does indicate decent area attributes, but the financials do not support a sound long-term investment given the current price. Family rental While the property could attract family renters due to its size and location, the current listing price makes it less appealing as a family rental. The property is overpriced at €489,000, which significantly exceeds its fair value, leaving limited upside for potential family tenants given the 0% yield and modest neighborhood rating of 74/100.
Economic Vulnerability The economic stability score of 65/100 suggests potential volatility in market conditions that could affect rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Login Required
Please log in or create an account to access this page.
No posts yet for this property.
