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, 2-bathroom apartment of 146 m², built in 2007, energy rating D. Located on rua da Corcovada, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment features two spacious balconies, offering an open view over the valley and direct access to a communal garden and pool, ideal for outdoor living.
The valuation. The asking price of €490,000 is €47,010 (10.6%) above the fair value of €442,990, indicating that the property is overpriced. This discrepancy highlights the need for cautious consideration before entering into negotiations.
Fair value modelled at €442,990 from 6 comparable sales in the area. Asking €490,000 sits €47,010 (10.6%) above — overpriced versus fair value.
Asking €490,000 versus the rua da Corcovada area baseline of €345,008 (€2,363/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €345,008, adjusted for condition and micro-location, gives a modelled fair value of €442,990 (€3,034/m²), a €47,010 (10.6%) gap versus the €490,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Corcovada | Subject | €490,000 | €3,356 | — | 74 | 71 |
| rua Balaia Golf Village, 727 | Active | €529,000 | €2,727 | 18.8% | 75 | 74 |
| Albufeira e Olhos de Água · 1e640d | Active | €399,000 | €3,325 | 0.9% | 72 | 58 |
| Albufeira e Olhos de Água · 1f35cc | Active | €399,000 | €3,298 | 1.7% | 78 | 70 |
| Albufeira e Olhos de Água · 4a7cb4 | Active | €279,000 | €3,720 | 10.8% | 68 | 69 |
| Median comp | €399,000 | €3,312 | 1.3% | 74 | 70 |
Short-term vacation rental The property is overpriced at €490,000, exceeding its fair value of €442,990 by 10.6%, which diminishes its attractiveness for short-term vacation rental investors. The gross yield of 4.8% may not justify the higher entry price, particularly in a competitive market driven by tourism. Buy-and-hold At a listing price of €490,000, this apartment is overpriced compared to its fair value of €442,990, leading to a potential drag on long-term appreciation. Investors looking for a stable buy-and-hold strategy may find better opportunities given the 10.6% gap between price and fair value. Family rental Selling at €490,000, this apartment is overpriced relative to the fair market value of €442,990, making it a less viable option for family rental investment. The condition rating of 77/100 and neighborhood score of 71/100 suggest that higher rental yields could be challenging to achieve at this price point.
Economic Sensitivity Risk The economic stability score of 65/100 indicates a moderate risk level, suggesting that changes in the local economy could affect tenant retention and rental income.
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