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.
4-bedroom, 2-bathroom penthouse of 103 m², built in 1987, energy rating D. Located on rua Gil Eanes, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Private terrace features a leisure area perfect for al-fresco dining, along with laundry and BBQ facilities, enhancing the outdoor living experience in a prime location.
The valuation. The asking price of €460,000 is significantly higher than the fair value of €347,813, resulting in an overpriced status of €112,187 (24.4%). This discrepancy raises concerns about the long-term investment potential of the property.
Fair value modelled at €347,813 from the area baseline, adjusted for condition and location. Asking €460,000 sits €112,187 (24.4%) above — overpriced versus fair value.
Asking €460,000 versus the rua Gil Eanes area baseline of €358,028 (€3,476/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 75 · Amenities 80 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Gil Eanes
Area baseline €358,028 + condition +€5,311 + location +€30,000 = modelled fair value of €347,813 (€3,377/m²), a €112,187 (24.4%) gap versus the €460,000 asking price.
Short-term vacation rental The penthouse's listing price of €460,000 exceeds its fair value of €347,813 by 24.4%, indicating it is overpriced for a short-term vacation rental strategy. With a gross yield of 0% and reliance on fluctuating tourism, the property may struggle to generate adequate returns in a competitive market. Long-term rental At a listing price of €460,000, this penthouse is overpriced compared to its fair value of €347,813, limiting its attractiveness as a long-term rental investment. The low gross yield of 0% further underscores the potential for insufficient cash flow to justify this elevated price point. Buy-and-hold Given its listing price of €460,000, which is 24.4% above the fair value of €347,813, the property is overpriced for a buy-and-hold strategy. The lack of rental yield and the economic fluctuations tied to tourism may hinder long-term appreciation expectations, complicating the buy-and-hold investment thesis.
Economic volatility risk The property is exposed to economic fluctuations, with an economic stability score of 65/100 indicating potential market uncertainties that could affect rental income stability and tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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