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 119 m², energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment boasts a spacious 30sqm terrace equipped with a BBQ, ideal for outdoor entertaining with south-facing sun exposure throughout the day.
The valuation. The property is listed at €379,000, which is approximately 3.1% below its fair value of €390,661. This positioning presents a compelling opportunity for prospective buyers.
Fair value modelled at €390,661 from the area baseline, adjusted for condition and location. Asking €379,000 sits €11,661 (3.1%) below — the upside to fair value.
Asking €379,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €413,644 (€3,476/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 80 · Materials 75 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 66/100 (Housing Market 70 · Amenities 60 · Economic 65 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Albufeira e Olhos de Água, Albufeira, Faro
Area baseline €413,644 + condition +€6,508 + location +€23,107 = modelled fair value of €390,661 (€3,283/m²), a €11,661 (3.1%) gap versus the €379,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 911876 | Subject | €379,000 | €3,185 | — | 80 | 66 |
| rua António Sérgio | Active | €380,000 | €3,762 | 18.1% | 75 | 76 |
| Albufeira e Olhos de Água · dbd4b3 | Active | €325,000 | €4,851 | 52.3% | 72 | 71 |
| Albufeira e Olhos de Água · 03254d | Active | €450,000 | €3,913 | 22.9% | 70 | 72 |
| rua Vitorino Nemésio, 128 | Active | €239,000 | €4,780 | 50.1% | 75 | 73 |
| Median comp | €352,500 | €4,347 | 36.5% | 74 | 73 |
Short-term vacation rental This 2-bed apartment in Albufeira e Olhos de Água offers a promising investment opportunity, particularly as a short-term vacation rental, given the location's high tourism draw in the Algarve region. With a gross yield of 4.4% and a fair value only 3.1% higher than the listing price, this property is positioned well for strong rental performance. Long-term rental Investing in this apartment as a long-term rental could yield stable returns, supported by the consistent demand for housing in Albufeira, a region known for its tourist appeal. The acceptable condition rating of 79/100 suggests minimal immediate investment is needed, complementing the fair market alignment of the pricing. Buy-and-hold This property represents an attractive buy-and-hold investment due to its underpriced status and the potential for appreciation in value as tourism continues to drive housing demand in the Algarve. With an overall neighborhood score of 66/100 and a gross yield of 4.4%, this apartment stands to benefit from long-term economic growth in the area.
Economic Dependency Risk: With both economic and tenant stability scores at 65/100, there is a heightened risk of fluctuations in income and occupancy rates, which could negatively impact overall investment returns.
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