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 90 m² on the 2nd floor, built in 1987, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Exceptional corner location enhances privacy and sea views while providing ample natural light throughout the day.
The valuation. The asking price of €480,000 sits €46,364 (10.7%) above the fair value of €433,636, indicating that the property is overpriced. This discrepancy reflects a need for careful consideration before investment. Buy-to-flip angle. The resale strategy may involve cosmetic updates and renovations to enhance appeal, potentially enabling a profitable flip within a competitive market. Timing the sale to coincide with peak tourist seasons can maximize returns. Buy-to-let angle. Utilizing a long-term rental strategy could achieve an estimated gross yield of 3%, resulting in ~€1,200 per month. This would provide steady income, though market volatility should be noted due to the area's reliance on tourism.
Fair value modelled at €433,636 from 6 comparable sales in the area. Asking €480,000 sits €46,364 (10.7%) above — overpriced versus fair value.
Asking €480,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €397,291 (€4,414/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 is below the parish average, reducing 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 €397,291, adjusted for condition and micro-location, gives a modelled fair value of €433,636 (€4,818/m²), a €46,364 (10.7%) gap versus the €480,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 467e47 | Subject | €480,000 | €5,333 | — | 68 | 63 |
| Albufeira e Olhos de Água · 225a44 | Active | €530,000 | €4,818 | 9.7% | 70 | 65 |
| rua José Bernardino de Sousa | Active | €299,500 | €4,680 | 12.3% | 75 | 58 |
| estrada de Albufeira S / N D | Active | €550,000 | €5,789 | 8.6% | 75 | 73 |
| Albufeira e Olhos de Água · be946c | Active | €530,000 | €4,818 | 9.7% | 76 | 63 |
| Median comp | €530,000 | €4,818 | 9.7% | 75 | 64 |
Short-term vacation rental The property is overpriced at €480,000, creating a significant gap of 10.7% compared to its fair value of €433,636. With a gross yield of only 3%, the potential returns do not justify the investment in a tourism-heavy location such as Albufeira. Long-term rental At a listing price of €480,000, this property is overpriced and presents a yield of only 3%, which is insufficient given the fair value of €433,636. The lack of economic diversity in the Algarve region poses risks for long-term tenants, further detracting from its rental appeal. Buy-and-hold With a fair value of €433,636 versus a listing price of €480,000, this property is overpriced, resulting in a 10.7% valuation gap. The condition score of 66/100 and a neighbourhood rating of 63/100 suggest that the potential for price appreciation is limited in this predominantly tourism-driven market.
Economic Vulnerability The property risks experiencing income instability due to a low economic stability score of 60/100 which may affect tenant demand and retention. Tenant Turnover Risk With a tenant stability score of 55/100, there is a heightened likelihood of turnover, potentially leading to increased vacancy rates and lost rental income.
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
