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.
3-bedroom, 1-bathroom apartment of 72 m², built in 2005, energy rating C. Located on praça Central, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment boasts a south-facing balcony ideal for sunbathing and benefits from a 24-hour security system ensuring resident safety and peace of mind.
The valuation. The asking price of €410,000 is significantly higher than the fair value of €358,330, indicating a discrepancy of €51,670 (14.4%). This property is considered overpriced, not reflecting its true market worth.
Fair value modelled at €358,330 from 6 comparable sales in the area. Asking €410,000 sits €51,670 (14.4%) above — overpriced versus fair value.
Asking €410,000 versus the praça Central area baseline of €316,150 (€4,391/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €316,150, adjusted for condition and micro-location, gives a modelled fair value of €358,330 (€4,977/m²), a €51,670 (14.4%) gap versus the €410,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça Central | Subject | €410,000 | €5,694 | — | 68 | 73 |
| rua do Cerro | Active | €465,000 | €5,813 | 2.1% | 72 | 70 |
| Albufeira e Olhos de Água · 90da03 | Active | €390,000 | €4,063 | 28.7% | 75 | 73 |
| Albufeira e Olhos de Água · 3df476 | Active | €585,000 | €5,087 | 10.7% | 72 | 75 |
| Albufeira e Olhos de Água · 225c06 | Active | €280,000 | €4,667 | 18.0% | 79 | 70 |
| Median comp | €427,500 | €4,877 | 14.4% | 74 | 72 |
Short-term vacation rental The current listing price of €410,000 is 14.4% above the fair value of €358,330, indicating that the property is overpriced for the short-term vacation rental market. Given the yield is 0%, this property will not generate desirable returns for investors focused on seasonal tourist occupancy. Long-term rental With the listing price exceeding fair value by €51,670, the property is overpriced and may not attract long-term tenants seeking affordable housing. Additionally, the current rental yield of 0% suggests that this investment lacks the financial viability desirable for extended leases. Family rental The property is listed at a price that is 14.4% higher than its estimated fair value, indicating it is overpriced, which may limit its attractiveness to families looking for value in the rental market. The overall quality ratings of 71/100 for condition and 73/100 for neighborhood are decent but not compelling at this price point, making it less appealing for a family rental investment.
Economic Vulnerability The property's economic stability score of 65/100 indicates a moderate risk of economic fluctuations affecting tenant retention and rental income stability.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
