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 100 m² on the 2nd floor, built in 2002. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment boasts a private barbecue on the balcony, ideal for outdoor gatherings, and includes an additional room that can serve as a functional office space.
The valuation. The asking price of €290,000 is only €1,071 (0.4%) below the fair value of €291,071, making it a fair valuation for the property. This slight discrepancy indicates the property is reasonably priced.
Fair value modelled at €291,071 from 6 comparable sales in the area. Asking €290,000 sits €1,071 (0.4%) below — the upside to fair value.
Asking €290,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €227,707 (€2,277/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 is below the parish average, reducing 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 €227,707, adjusted for condition and micro-location, gives a modelled fair value of €291,071 (€2,911/m²), a €1,071 (0.4%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 1906a2 | Subject | €290,000 | €2,900 | — | 70 | 68 |
| rua Manuel José de Paiva | Active | €375,000 | €3,000 | 3.4% | 72 | 67 |
| Albufeira e Olhos de Água · 6fbaa3 | Active | €535,000 | €2,524 | 13.0% | 76 | 71 |
| rua Balaia Golf Village, 727 | Active | €529,000 | €2,727 | 6.0% | 75 | 74 |
| rua da Esteva, 11 | Active | €360,000 | €3,789 | 30.7% | 65 | 61 |
| Median comp | €452,000 | €2,864 | 1.3% | 74 | 69 |
Short-term vacation rental This property offers a gross yield of 5%, making it a suitable candidate for short-term vacation rentals in the popular Algarve region. However, with a fair value closely matching the asking price, the investment may not provide significant upside potential in terms of appreciation. Buy-and-hold With a fair valuation of €291,071, this apartment stands at a premium just above its fair value, indicating limited room for appreciation as a buy-and-hold investment. While the current yield is decent, investors should proceed with caution due to the tight margin between price and fair value. Family rental The property features a favorable gross yield of 5% in a family-friendly neighbourhood, making it a viable option for long-term family rentals. However, as it is evaluated at fair value, potential for significant long-term appreciation may be limited in this competitive market.
Economic Vulnerability The economic stability score of 60/100 indicates a moderate risk, suggesting potential fluctuations in market conditions that could affect rental income. Tenant Instability With a tenant stability score of 69/100, there is a risk of turnover and vacancy that could impact cash flow and profitability due to tenant's preference for stronger rental markets.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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