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. The duplex boasts an expansive terrace ideal for entertaining and private outdoor relaxation, enhancing its appeal in a competitive real estate market.
The valuation. The asking price of €489,000 is significantly above the fair value of €347,893, representing an overvaluation of €141,107 (28.9%). This property is considered overpriced in the current market. Buy-to-flip angle. A buy-to-flip strategy may be challenging due to the current overpriced status; however, investing in minor cosmetic upgrades could help justify a potentially higher resale price in the competitive Algarve market. Buy-to-let angle. The 0% gross yield indicates that rental income may not be feasible under the current asking price, limiting its attractiveness for long-term holding as a family rental in a desirable tourist area.
Fair value modelled at €347,893 from the area baseline, adjusted for condition and location. Asking €489,000 sits €141,107 (28.9%) above — overpriced versus fair value.
Asking €489,000 versus the rua da Vela Latina, 36 area baseline of €351,076 (€3,476/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 76 · Materials 82 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 77/100 (Housing Market 80 · Amenities 85 · Economic 65 · Tenant Quality 78). Strong amenities and housing-market momentum support a premium to baseline.
rua da Vela Latina, 36
Area baseline €351,076 + condition +€8,364 + location +€33,095 = modelled fair value of €347,893 (€3,444/m²), a €141,107 (28.9%) gap versus the €489,000 asking price.
Short-term vacation rental The property, listed at €489,000, is significantly overpriced by 28.9% compared to its fair value of €347,893, making it a poor investment for short-term vacation rentals. With a gross yield of 0% and a neighborhood rating of 77/100, the expected returns do not justify the high initial investment. Buy-and-hold Given the property's listing price of €489,000, it exceeds its fair value by 28.9% at €347,893, positioning it poorly for a buy-and-hold strategy. The current condition and neighborhood quality do not support long-term value growth to offset the purchase price. Family rental At a listing price of €489,000, this duplex is overpriced by 28.9% when compared to its fair value of €347,893, making it less attractive for family rental opportunities. The absence of a gross yield and moderate condition rating highlight risks for sustained rental income in this segment.
Tenant turnover risk High tenant turnover may occur given the economic stability score of 65/100, indicating potential challenges in retaining tenants long-term.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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