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 60 m², energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment features a renovated interior from 2021, combining contemporary design with functional spaces, making it ideal for both personal use and investment opportunities in a prime location.
The valuation. The asking price of €290,000 sits €90,116 above the fair value of €199,884, indicating that the property is overpriced by 31.1%. Investors should reconsider based on this significant disparity. Buy-to-flip angle. A buy-to-flip strategy may encounter challenges due to the property’s current overpriced status but can target aesthetic updates to appeal to potential buyers in the lucrative Algarve market. Buy-to-let angle. The estimated rental income of €894 per month yields approximately 3.7%, making it viable for long-term rental in a desirable tourist area, although competition may impact overall returns.
Fair value modelled at €293,000 from 6 comparable sales in the area. Asking €280,000 sits €13,000 (4.4%) below — the upside to fair value.
Asking €280,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €245,014 (€4,084/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €245,014, adjusted for condition and micro-location, gives a modelled fair value of €293,000 (€4,883/m²), a €13,000 (4.4%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 225c06 | Subject | €280,000 | €4,667 | — | 79 | 70 |
| rua do Estádio | Active | €185,000 | €4,302 | 7.8% | 80 | — |
| rua Camilo Castelo Branco, 29 | Active | €370,000 | €4,933 | 5.7% | 80 | 72 |
| rua Coronel Águas, 43 | Active | €310,000 | €5,254 | 12.6% | 82 | 76 |
| Albufeira e Olhos de Água · f14cad | Active | €335,000 | €4,527 | 3.0% | 75 | 63 |
| Median comp | €322,500 | €4,730 | 1.4% | 80 | 72 |
Short-term vacation rental The property is overpriced at €290,000, with a fair value of €199,884, resulting in a significant gap of 31.1%. The gross yield of 3.7% does not adequately compensate for the elevated purchase price in this seasonal market, where demand fluctuates sharply. Long-term rental With a current price tag of €290,000, this apartment appears overpriced in comparison to its fair market value of €199,884, creating a gap of 31.1%. Given the gross yield of 3.7%, long-term rental may not be attractive enough to justify the investment when factoring in ongoing costs and neighborhood ratings. Buy-and-hold The €290,000 listing price positions the property as overpriced against a fair value calculation of €199,884, highlighting a disturbing 31.1% disparity. The gross yield of 3.7% does not indicate a robust long-term investment return, particularly in a neighborhood that may not sustain high appreciation rates. Not ideal for: Student housing, Luxury market, Value-add renovation Given its condition score of 79/100 and the neighborhood's rating of 70/100, this property is not well-suited for student housing or luxury market targeting. Moreover, the current pricing reflects a structure unlikely to benefit from value-add renovation given the existing valuation dynamics.
Economic Vulnerability The economic stability score of 65/100 indicates that the area may face potential downturns, posing risks to revenue generation from tenants with a 60/100 tenant stability score.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
