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.
4-bedroom, 3-bathroom apartment of 284 m² on the 3rd floor, built in 2007, energy rating C. Located on rua da Corcovada, 34P1, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This property features two en-suite bedrooms, enhancing privacy for guests and family members while maintaining spacious common areas for social gatherings.
The valuation. The asking price of €680,000 sits 8.2% below the fair value of €740,657. This suggests the property is fairly valued and positions it as a competitive option within the market.
Fair value modelled at €740,657 from 6 comparable sales in the area. Asking €680,000 sits €60,657 (8.2%) below — the upside to fair value.
Asking €680,000 versus the rua da Corcovada, 34P1 area baseline of €545,188 (€1,920/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 €545,188, adjusted for condition and micro-location, gives a modelled fair value of €740,657 (€2,608/m²), a €60,657 (8.2%) gap versus the €680,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Corcovada, 34P1 | Subject | €680,000 | €2,394 | — | 79 | 70 |
| Albufeira e Olhos de Água · 6a9478 | Active | €639,000 | €1,826 | 23.7% | 71 | 67 |
| rua António Silva, 99 | Active | €350,000 | €2,692 | 12.4% | 80 | 75 |
| Albufeira e Olhos de Água · 023874 | Active | €535,000 | €2,524 | 5.4% | 78 | 78 |
| Albufeira e Olhos de Água · 1e640d | Active | €399,000 | €3,325 | 38.9% | 72 | 58 |
| Median comp | €467,000 | €2,608 | 8.9% | 75 | 71 |
Short-term vacation rental The property’s close proximity to the Algarve coast suggests potential for strong short-term vacation rental demand, despite the current yield of 0%. However, with the property priced fairly at €680,000, the potential for significant return in a fluctuating seasonal market may be limited. Long-term rental Given the fair valuation at €680,000 and the current low yield of 0%, the long-term rental strategy may not provide immediate cash flow benefits. While the neighborhood’s amenities and tenant quality are moderate, the 70/100 rating indicates a stable environment for attracting tenants on a longer lease. Buy-and-hold Investing in this property as a buy-and-hold might yield slow appreciation given its fair valuation and the overall condition rating of 78/100. The location near the tourist-centric Algarve coast could support gradual value growth, though the expectation of quick returns may not be realistic in the current pricing context.
Economic and Tenant Stability Risk The property has a moderate economic stability score of 65 and a tenant stability score of 65, indicating potential volatility in rental income and demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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