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 apartment of 86 m² on the 1st floor, built in 2009, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This property features two small balconies with premium orientation, perfect for enjoying the Algarvian climate, and is situated within a gated community offering enhanced security and tranquility.
The valuation. The asking price of €360,000 is significantly above the fair value of €277,838, representing an overvaluation of €82,162 (22.8%). This property is priced too high compared to comparable market analyses. Buy-to-flip angle. The buy-to-flip strategy would focus on renovating the apartment to enhance its appeal, followed by a rapid resale in the thriving Algarve market to capitalize on its tourism-related demand. Buy-to-let angle. Given the gross yield of 0%, there is potential for transformation into a short-term vacation rental to capture the influx of tourists in the region for superior rental income potential.
Fair value modelled at €277,838 from the area baseline, adjusted for condition and location. Asking €360,000 sits €82,162 (22.8%) above — overpriced versus fair value.
Asking €360,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €298,936 (€3,476/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 (Condition 68 · Materials 74 · Room dimensions 76). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 70 · Amenities 75 · Economic 70 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Albufeira e Olhos de Água, Albufeira, Faro
Area baseline €298,936 + condition -€6,047 + location +€22,961 = modelled fair value of €277,838 (€3,231/m²), a €82,162 (22.8%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 483c5e | Subject | €360,000 | €4,186 | — | 68 | 72 |
| rua António Aleixo, 2 | Active | €378,000 | €4,200 | 0.3% | 68 | 71 |
| Albufeira e Olhos de Água · 82c791 | Active | €385,000 | €4,053 | 3.2% | — | 67 |
| Ferreiras · 0dcc7c | Active | €285,000 | €4,750 | 13.5% | 70 | 74 |
| rua António Sérgio | Active | €380,000 | €3,762 | 10.1% | 75 | 76 |
| Median comp | €379,000 | €4,127 | 1.4% | 70 | 73 |
Short-term vacation rental The property is priced at €360,000, significantly above its fair value of €277,838, making it an unattractive option for short-term vacation rental investments. Given the yield is at 0% gross and the property is considered overpriced, the revenue potential falls short of expectations. Buy-and-hold With a fair value gap of 22.8%, this property does not align with a buy-and-hold investment strategy, as it is currently overpriced at €360,000. The lack of anticipated appreciation combined with a yield of 0% gross suggests that holding this asset would not provide the desired long-term benefits. Family rental At a listing price of €360,000, which exceeds the fair value of €277,838, the property is not suitable for family rental purposes due to its overpriced status. The combined condition and neighborhood ratings of 71/100 and 72/100 indicate potential challenges in attracting quality tenants while yielding no gross income during ownership.
Economic and Tenant Risk The property has a moderate economic stability score of 70/100, which may indicate potential fluctuations in rental income and tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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