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 94 m², built in 2010, energy rating B. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment boasts a private garden with a barbecue area, ideal for outdoor entertaining, and access to extensive communal facilities including a large swimming pool. Location Highlights: Just a short walk to stunning beaches and local amenities, blending comfort with coastal living. Value Proposition: Competitive pricing reflects the premium lifestyle offered in the Algarve region.
The valuation. The asking price of €429,000 is significantly below the fair value of €726,424, indicating the property is underpriced by €297,424 (40.9%). This presents a unique opportunity for potential investors seeking immediate equity. Buy-to-flip angle. A buy-to-flip strategy could harness the high-quality finishes and desirable location to attract buyers, potentially enabling resale for a profit shortly after acquisition. Targeting market trends and aesthetic upgrades may increase the potential resale value further. Buy-to-let angle. With an estimated rental income of €1,001/month, the property offers a gross yield of 2.8%. Its proximity to tourist attractions makes it ideal for short-term vacation rentals, capitalizing on seasonal demand.
Fair value modelled at €726,424 from 6 comparable sales in the area. Asking €429,000 sits €297,424 (40.9%) below — the upside to fair value.
Asking €429,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €648,613 (€6,900/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €648,613, adjusted for condition and micro-location, gives a modelled fair value of €726,424 (€7,728/m²), a €297,424 (40.9%) gap versus the €429,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 62719d | Subject | €429,000 | €4,564 | — | 77 | 76 |
| rua dos Ibíscos | Active | €390,000 | €4,875 | 6.8% | 80 | 73 |
| rua da República, 21 | Active | €850,000 | €7,798 | 70.9% | 73 | 71 |
| Albufeira e Olhos de Água · 86cbce | Active | €850,000 | €7,658 | 67.8% | 90 | 74 |
| Albufeira e Olhos de Água · 91140e | Active | €600,000 | €4,000 | 12.4% | 88 | 71 |
| Median comp | €725,000 | €6,267 | 37.3% | 84 | 72 |
Short-term vacation rental This property, given its proximity to Algarve's tourist attractions, positions itself well for the short-term vacation rental market, leveraging the potential for higher occupancy rates. The 40.9% gap to fair value suggests a significant opportunity for revenue generation in a thriving tourist destination. Long-term rental With a gross yield of 2.8% and a decent neighborhood rating of 76/100, this property presents a steady income stream through long-term rentals. The quality of the tenant pool in this mixed-use area further supports the potential for reliable rental income. Buy-and-hold This apartment is poised for appreciation with a fair value of €726,424, making it an attractive buy-and-hold investment in a desirable location. Given the favorable conditions and amenities in Albufeira, the property is likely to increase in value over time, benefitting long-term investors.
[Economic sensitivity risk] With an economic stability score of 68/100, there is a moderate risk that potential economic downturns could negatively impact property values and rental income.
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