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 55 m² on the 2nd floor, built in 1993, energy rating E. Located on rua Teixeira de Pascoais, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. The apartment includes two balconies, enhancing outdoor living space with excellent views and natural light, and is conveniently equipped with a storage room and basement parking.
The valuation. The asking price of €340,000 is significantly above the fair value of €265,000, representing an overpricing of €75,000 (28.3%). This limits potential for immediate investment gain.
Fair value modelled at €265,000 from 3 comparable sales in the area. Asking €340,000 sits €75,000 (28.3%) above — overpriced versus fair value.
Asking €340,000 versus the rua Teixeira de Pascoais area baseline of €219,791 (€3,996/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €219,791, adjusted for condition and micro-location, gives a modelled fair value of €265,000 (€4,818/m²), a €75,000 (28.3%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Teixeira de Pascoais | Subject | €340,000 | €6,182 | — | 80 | 79 |
| Albufeira e Olhos de Água · be946c | Active | €530,000 | €4,818 | 22.1% | 76 | 63 |
| Albufeira e Olhos de Água · 225c06 | Active | €280,000 | €4,667 | 24.5% | 79 | 70 |
| rua José Bernardino de Sousa | Active | €299,500 | €4,680 | 24.3% | 75 | 58 |
| Median comp | €299,500 | €4,680 | 24.3% | 76 | 63 |
Short-term vacation rental Despite the prime location within the Algarve tourist zone, the property is overpriced by 28.3%, which limits its appeal as a lucrative short-term rental investment. The gross yield of 3.4% does not sufficiently compensate for the elevated purchase price, making this strategy less attractive. Buy-and-hold The buy-and-hold strategy is less compelling here given that the property is priced at €340,000, significantly above its fair value of €265,000. At this price, there is little potential for capital appreciation, and the return on investment would be diminished. Family rental Investing in this property as a family rental is not ideal due to its overpriced status, with a fair value gap of 28.3%. The current yield of 3.4% suggests that the rental income may not justify the high initial investment, limiting the long-term financial viability of this strategy.
Tenant turnover risk The combination of a tenant stability score of 80/100 may indicate potential fluctuations in tenant occupancy and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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