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 penthouse of 120 m², energy rating E. Located on rua Carlos Porfírio, 3, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This property boasts an exclusive private rooftop terrace ideal for outdoor gatherings, with stunning 360-degree views of the sea, city, and Algarve mountains.
The valuation. The asking price of €360,000 is positioned €34,706 (9.6%) below the fair value of €394,706, indicating an attractive opportunity in the current market. This property can be seen as underpriced relative to similar offerings in the area.
Fair value modelled at €394,706 from the area baseline, adjusted for condition and location. Asking €360,000 sits €34,706 (9.6%) below — the upside to fair value.
Asking €360,000 versus the rua Carlos Porfírio, 3 area baseline of €417,120 (€3,476/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 73 · Materials 78 · Room dimensions 79). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 80 · Amenities 70 · Economic 70 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Carlos Porfírio, 3
Area baseline €417,120 + condition +€1,500 + location +€29,126 = modelled fair value of €394,706 (€3,289/m²), a €34,706 (9.6%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Carlos Porfírio, 3 | Subject | €360,000 | €3,000 | — | 73 | 70 |
| rua Fernão de Magalhães | Active | €449,000 | €2,212 | 26.3% | 78 | 68 |
| rua Vasco Santana, 110 | Active | €275,000 | €4,044 | 34.8% | 70 | 70 |
| rua da Igreja, 20-22 | Active | €290,000 | €3,333 | 11.1% | 75 | 71 |
| Albufeira e Olhos de Água · 6d54c8 | Active | €445,000 | €2,908 | 3.1% | 73 | 71 |
| Median comp | €367,500 | €3,121 | 4.0% | 74 | 71 |
Short-term vacation rental This 2-bed penthouse in Albufeira e Olhos de Água is subvalorizada, offering an attractive opportunity for short-term vacation rentals due to its proximity to the Algarve coast, which typically attracts seasonal tourists. The current gross yield of 4% suggests a solid income potential, especially in a tourist-driven market. Buy-and-hold With a fair value of €394,706 compared to the listing price of €360,000, this property is a strategic buy-and-hold investment, allowing for appreciation over time while benefiting from the strong demand in the Albufeira rental market. The decent neighborhood score of 70/100 indicates that this property is situated in a region with potential for long-term growth. Value-add renovation Given the condition rating of 76/100, there is room for improvement through value-add renovations, making this penthouse an appealing option for investors looking to enhance its market value. The estimated 9.6% gap to fair value presents an opportunity to elevate the property’s appeal and rental potential after strategic upgrades.
Economic Dependency Risk The property faces potential instability due to its economic stability score of 70/100, which may lead to fluctuating market conditions affecting tenant demand and rental income.**
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