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 109 m², built in 2006, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Features: The apartment offers a large 30 m² west-facing balcony with garden views, enhancing outdoor living and providing an ideal setting for relaxation and al fresco dining.
The valuation. The asking price of €380,000 is significantly above the fair value of €353,574, reflecting an overvaluation of €26,426 (7.0%). This price discrepancy suggests the property may not offer a compelling financial opportunity.
Fair value modelled at €353,574 from the area baseline, adjusted for condition and location. Asking €380,000 sits €26,426 (7.0%) above — overpriced versus fair value.
Asking €380,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €378,884 (€3,476/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 75 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 66/100 (Housing Market 80 · Amenities 70 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Albufeira e Olhos de Água, Albufeira, Faro
Area baseline €378,884 + condition +€1,703 + location +€21,165 = modelled fair value of €353,574 (€3,244/m²), a €26,426 (7.0%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 23f514 | Subject | €380,000 | €3,486 | — | 75 | 66 |
| rua do Pinhal | Active | €295,000 | €4,097 | 17.5% | 70 | 71 |
| Albufeira e Olhos de Água · 03254d | Active | €450,000 | €3,913 | 12.2% | 70 | 72 |
| Albufeira e Olhos de Água · bf27cf | Active | €369,000 | €4,920 | 41.1% | 72 | 71 |
| Albufeira e Olhos de Água · 99f3f5 | Active | €275,000 | €4,167 | 19.5% | 75 | 70 |
| Median comp | €332,000 | €4,132 | 18.5% | 71 | 71 |
Long-term rental The property, listed at €380,000, represents a 7.0% premium over its fair value of €353,574, indicating it is overpriced. With a gross yield of 3.7%, potential long-term rental returns may not justify the elevated initial investment. Short-term vacation rental Despite the area's strong tourist appeal, the listing price exceeds fair value by 7.0%, rendering the property overpriced at €380,000. The current yield of 3.7% suggests that short-term rental profits are unlikely to offset the higher acquisition cost. Buy-and-hold At €380,000, the property is overpriced relative to its fair value of €353,574, indicating a mismatch in potential appreciation expectations. Especially in a market underscored by strong rental demand, the 3.7% yield suggests that a buy-and-hold strategy may not yield satisfactory returns given the initial outlay. Not ideal for: This property does not lend itself well to student housing or industrial investment due to location and neighborhood characteristics.
Economic Vulnerability The low economic stability score of 55/100 indicates a heightened risk of economic downturns impacting property value 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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