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 115 m², built in 2003, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The property boasts three private terraces, each offering unique views of sunrise and sunset over the marina and the sea, enhancing the coastal living experience. Condition Notes: With minimal visible wear, the apartment combines modern design and quality finishes, making it an attractive option in a prime location.
The valuation. The asking price for the apartment sits at €585,000, which is approximately 4.5% below its fair value of €612,610. This indicates that the property is fairly valued in the current market.
Fair value modelled at €612,610 from 6 comparable sales in the area. Asking €585,000 sits €27,610 (4.5%) below — the upside to fair value.
Asking €585,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €530,599 (€4,614/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €530,599, adjusted for condition and micro-location, gives a modelled fair value of €612,610 (€5,327/m²), a €27,610 (4.5%) gap versus the €585,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 3df476 | Subject | €585,000 | €5,087 | — | 72 | 75 |
| Albufeira e Olhos de Água · 225c06 | Active | €280,000 | €4,667 | 8.3% | 79 | 70 |
| Albufeira e Olhos de Água · 82c786 | Active | €340,000 | €6,071 | 19.4% | 73 | 63 |
| rua do Cerro | Active | €465,000 | €5,813 | 14.3% | 72 | 70 |
| rua da Vela Latina, 36 | Active | €489,000 | €4,842 | 4.8% | 75 | 74 |
| Median comp | €402,500 | €5,328 | 4.7% | 74 | 70 |
Short-term vacation rental The property in Albufeira e Olhos de Água is fairly priced, offering a potential yield of 2.5% gross, which may not justify the investment for short-term rentals given the competitive vacation market. With its location in a popular tourist area, it is positioned reasonably for short-term stays, but considerations around pricing relative to tourism trends are crucial. Buy-and-hold This 2-bed apartment represents a fair investment opportunity with a stable fair value of €612,610, indicating no immediate equity gain can be anticipated. The property’s yield of 2.5% suggests that while it can generate steady cash flow, it may not significantly appreciate in value over time, aligning with the current market dynamics. Family rental As a family rental, the apartment is fairly priced at €585,000, supported by a reasonable demand for long-term housing in the Algarve region, which is popular among families drawn to its lifestyle. However, the yield of 2.5% reflects an average return that might not meet the expectations of investors seeking higher profitability in rental returns. Not ideal for: Student housing, Luxury market, Industrial focus The current environment in Albufeira e Olhos de Água is not conducive for student housing or luxury market opportunities, as indicated by the property’s average condition and neighborhood rating. Additionally, the limited industrial presence in the area makes it unsuitable for industrial-focused investments.
Economic Vulnerability A moderate economic stability score of 65/100 suggests potential fluctuations in the local market that could affect rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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