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 121 m², built in 2009, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment includes a private garage with direct access to the living space and offers a spacious balcony overlooking beautifully landscaped communal gardens.
The valuation. The asking price of €399,000 sits €50,360 (14.4%) above the fair value of €348,640, indicating that the property is overpriced.
Fair value modelled at €348,640 from 6 comparable sales in the area. Asking €399,000 sits €50,360 (14.4%) above — overpriced versus fair value.
Asking €399,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €247,695 (€2,047/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 €247,695, adjusted for condition and micro-location, gives a modelled fair value of €348,640 (€2,881/m²), a €50,360 (14.4%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 1f35cc | Subject | €399,000 | €3,298 | — | 78 | 70 |
| Albufeira e Olhos de Água · 65a7e8 | Active | €395,000 | €3,527 | 7.0% | 80 | 71 |
| estrada de Vale de Pedras, 101 | Active | €365,000 | €2,992 | 9.3% | 72 | 71 |
| Albufeira e Olhos de Água · 6fbaa3 | Active | €535,000 | €2,524 | 23.5% | 76 | 71 |
| Albufeira e Olhos de Água · ba3e6c | Active | €330,000 | €3,511 | 6.5% | 80 | 61 |
| Median comp | €380,000 | €3,252 | 1.4% | 78 | 71 |
Short-term vacation rental This 2-bed apartment in Albufeira e Olhos de Água, listed at €399,000, is priced 14.4% above its fair value of €348,640, making it an overpriced option for investors. Although the location is tourist-friendly, the yield of 3.8% gross suggests limited profitability in a competitive short-term rental market. Buy-and-hold The apartment's purchase price significantly exceeds its fair valuation, indicating it may not provide a solid return over time despite its moderate condition score of 82/100. Investors may find it challenging to achieve long-term appreciation given the current price and the 70/100 neighborhood rating. Family rental Despite the property’s decent amenities and location, the purchase price of €399,000 stands 14.4% above fair market value, making it a less attractive option for family rentals. The overall capitalization rate at 3.8% gross reflects the potential challenges in securing consistent tenants and yields in this overpriced market.
Tenant turnover risk The combination of a 60/100 economic stability score and a 70/100 tenant stability score signals potential issues with tenant retention that could lead to higher vacancy rates and associated costs.
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