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 105 m², built in 2003, energy rating G. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Property Features: The apartment includes a spacious, fully front-facing balcony overlooking Albufeira Marina, perfect for outdoor dining and relaxation in a tranquil setting. Amenities: It is sold furnished with a designated parking space.
The valuation. The asking price of €485,000 sits slightly below the fair value of €488,250, making it a competitive option in the market, with a minimal difference of €3,250 (0.7%).
Fair value modelled at €488,250 from 6 comparable sales in the area. Asking €485,000 sits €3,250 (0.7%) below — the upside to fair value.
Asking €485,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €414,252 (€3,945/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 €414,252, adjusted for condition and micro-location, gives a modelled fair value of €488,250 (€4,650/m²), a €3,250 (0.7%) gap versus the €485,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 627186 | Subject | €485,000 | €4,619 | — | 73 | 71 |
| avenida 25 de Abril | Active | €235,000 | €4,700 | 1.8% | 80 | 73 |
| rua Marina de Albufeira S / N | Active | €450,000 | €4,545 | 1.6% | 68 | 73 |
| Albufeira e Olhos de Água · 23f50f | Active | €202,500 | €4,821 | 4.4% | 65 | 72 |
| rua Columbano Bordalo Pinheiro, 508 | Active | €299,000 | €4,600 | 0.4% | 73 | 73 |
| Median comp | €267,000 | €4,650 | 0.7% | 71 | 73 |
Short-term vacation rental The property is fairly priced at €485,000, just 0.7% below the fair value of €488,250. With a strong tourism appeal and a gross yield of 3.2%, this apartment can attract high-quality tenants, although seasonal fluctuations in the Algarve may affect occupancy. Long-term rental At a fair price of €485,000, the apartment holds potential for steady rental income, especially given its favorable location in a high-demand tourist area. However, the gross yield of 3.2% indicates that while it may produce consistent cash flow, the returns may not be exceptionally high by long-term investment standards. Buy-and-hold While priced fairly at €485,000, the property's growth potential in Albufeira should be weighed against the seasonal economy that characterizes the Algarve region. The neighborhood's solid amenities and tenant quality improve its long-term holding appeal, even if instant appreciation isn't guaranteed due to the current valuation. Not ideal for student housing Considering the neighborhood's strong focus on tourism rather than a year-round student population, this property would not perform well as student housing. Its pricing does not allow for the adaptability needed to cater to this market effectively. Not ideal for industrial investment The residential nature of Albufeira e Olhos de Água and the lack of infrastructure for industrial ventures render this property unsuitable for industrial investment. The property's valuation does not reflect any industrial potential, maintaining a clear focus on residential use. Not ideal for luxury market At a price of €485,000, this apartment does not meet the criteria for luxury market investments, as the neighborhood's amenities and tenant quality do not align with high-end expectations. This property maintains a fair value that positions it distinctly outside the luxury category, which typically demands higher appreciation potential.
Economic and Tenant Instability With both economic and tenant stability scores at 65/100, there is a significant risk of fluctuating rental income and potential vacancy issues, impacting overall investment returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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