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 penthouse of 194 m² on the 2nd floor, built in 2002, energy rating D. Located on rua Balaia Golf Village, 727, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This penthouse offers expansive terraces that provide stunning views and exceptional outdoor living space, ideal for entertaining and enjoying the Algarve's sunny climate.
The valuation. The asking price of €529,000 sits slightly below the fair value of €555,803, indicating a difference of €26,803 (4.8%). This property can be classified as fairly valued in the current market conditions.
Fair value modelled at €555,803 from 6 comparable sales in the area. Asking €529,000 sits €26,803 (4.8%) below — the upside to fair value.
Asking €529,000 versus the rua Balaia Golf Village, 727 area baseline of €415,831 (€2,143/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 €415,831, adjusted for condition and micro-location, gives a modelled fair value of €555,803 (€2,865/m²), a €26,803 (4.8%) gap versus the €529,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Balaia Golf Village, 727 | Subject | €529,000 | €2,727 | — | 75 | 74 |
| Albufeira e Olhos de Água · 6fbaa3 | Active | €535,000 | €2,524 | 7.5% | 76 | 71 |
| Albufeira e Olhos de Água · 6d54c8 | Active | €445,000 | €2,908 | 6.7% | 73 | 71 |
| Albufeira e Olhos de Água · ac9820 | Active | €350,000 | €3,889 | 42.6% | 75 | 61 |
| Albufeira e Olhos de Água · 23f26a | Active | €399,000 | €2,771 | 1.6% | 70 | 69 |
| Median comp | €422,000 | €2,840 | 4.1% | 74 | 70 |
Short-term vacation rental The 2-bed penthouse in Albufeira offers a desirable location in the Algarve, making it suitable for short-term vacation rentals despite its current yield of 0%. However, at a listing price of €529,000, which reflects a mere 4.8% gap from the fair value of €555,803, it is priced fairly for the market conditions. Long-term rental With a fair value assessment indicating the property is reasonably priced, the potential for long-term rental income may not be optimal given the current yield of 0%. The quality of the neighborhood at 74/100 suggests a decent appeal for long-term tenants, yet the price point may not support strong rental returns. Buy-and-hold As a buy-and-hold investment, this property in Albufeira is fairly valued, but its lack of yield at 0% raises questions about its capacity to generate income in the short term. The property’s condition rating of 78/100 indicates it is in satisfactory shape, yet the proximity to tourism-driven amenities may require ongoing attention to maintain its value. Not ideal for student housing Given that the property is fairly valued and primarily caters to the tourism sector, it’s not well-suited for student housing, which may not provide a stable income stream. Additionally, the neighborhood features suggest a focus on vacation tenants rather than long-term students. Not ideal for industrial use The nature of the property and its valuation implies it is not ideal for industrial use, as the location in a tourism-centric region doesn't support such a function. Instead, the focus on residential and vacation rentals is more in line with local market dynamics.
Economic vulnerability With an Economic Stability score of 65/100, the property faces potential downturns in market conditions that could impact cash flow and leasing opportunities.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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