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, 1-bathroom apartment of 75 m², built in 1988, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. The apartment features direct access to a communal pool and gardens, enhancing outdoor living and leisure opportunities for residents.
The valuation. The asking price of €279,000 is €42,152 (15.1%) above the fair value of €236,848, rendering this property overpriced in the current market.
Fair value modelled at €236,848 from the area baseline, adjusted for condition and location. Asking €279,000 sits €42,152 (15.1%) above — overpriced versus fair value.
Asking €279,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €260,700 (€3,476/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 72 · Materials 68 · Room dimensions 66). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Albufeira e Olhos de Água, Albufeira, Faro
Area baseline €260,700 + condition -€8,906 + location +€18,204 = modelled fair value of €236,848 (€3,158/m²), a €42,152 (15.1%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 28b6bc | Subject | €279,000 | €3,720 | — | 72 | 70 |
| avenida Francisco Sá Carneiro, 5 | Active | €270,000 | €5,192 | 39.6% | — | 71 |
| Albufeira e Olhos de Água · 99f39d | Active | €318,000 | €4,077 | 9.6% | 70 | 71 |
| Albufeira e Olhos de Água · ba5a7b | Active | €250,000 | €3,906 | 5.0% | 70 | 70 |
| Albufeira e Olhos de Água · 90da03 | Active | €390,000 | €4,063 | 9.2% | 75 | 73 |
| Median comp | €294,000 | €4,070 | 9.4% | 70 | 71 |
Short-term vacation rental Given the property's 4.2% gross yield and the 15.1% gap versus fair value, it may not generate sufficient returns for short-term vacation rental investment. The overpriced status combined with a condition score of 67/100 suggests limited appeal in a competitive tourism market. Long-term rental With a fair value significantly lower than the listing price, this property is not an attractive option for long-term rental investors looking for value. While the neighborhood offers decent amenities and low crime, the 15.1% premium indicates that rental income may not justify the high initial investment. Buy-and-hold Investing in this property as a buy-and-hold strategy poses risks, given its current pricing, which is 15.1% above fair value. Despite the reasonable yield and decent neighborhood score, the overall investment becomes questionable as it doesn't align with long-term appreciation goals in the overpriced category.
Economic Vulnerability The property has a moderate economic stability score of 65/100, indicating potential fluctuations in market conditions that could affect tenant demand and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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