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 120 m² on the 1st floor, built in 2024, energy rating A. Located on rua Joaquim Magalhães, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment's expansive terrace with a built-in barbecue enhances outdoor living, while the dedicated EV charging point in the private garage supports sustainable living choices.
The valuation. The asking price of €515,000 is notably underpriced compared to the fair value of €586,369, representing a difference of €71,369 (12.2%). This presents an attractive opportunity for investors looking to capitalize on immediate equity. Buy-to-flip angle. With high-quality finishes and a desirable location, the strategy for resale focuses on targeting buyers in the thriving Algarve vacation market, expecting significant returns by leveraging the apartment's appeal. Buy-to-let angle. The estimated rental income of €1,116 per month yields a gross yield of 2.6%, aligning well with long-term rental strategies aimed at capitalizing on the area's strong demand for short-term vacation rentals.
Fair value modelled at €586,369 from 6 comparable sales in the area. Asking €515,000 sits €71,369 (12.2%) below — the upside to fair value.
Asking €515,000 versus the rua Joaquim Magalhães area baseline of €476,018 (€3,967/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 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 €476,018, adjusted for condition and micro-location, gives a modelled fair value of €586,369 (€4,886/m²), a €71,369 (12.2%) gap versus the €515,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Joaquim Magalhães | Subject | €515,000 | €4,292 | — | 80 | 71 |
| Albufeira e Olhos de Água · 1e6357 | Active | €699,000 | €4,629 | 7.9% | 78 | 70 |
| rua do Movimento das Forças Armadas | Active | €690,000 | €6,832 | 59.2% | 86 | 74 |
| avenida Sá Carneiro | Active | €290,000 | €4,462 | 4.0% | 74 | 64 |
| rua do Município S / N N1 | Active | €540,000 | €2,432 | 43.3% | 82 | 73 |
| Median comp | €615,000 | €4,546 | 5.9% | 80 | 72 |
Short-term vacation rental The apartment is strategically positioned in the Algarve, catering to the growing demand for short-term vacation rentals in tourist hotspots. With a fair value exceeding the listing price by 12.2%, this property presents a solid opportunity for generating attractive rental income. Buy-and-hold Investing in this Albufeira apartment allows for long-term capital appreciation, supported by its fair value that exceeds the listing price. The property’s condition rating of 83/100 further enhances its appeal as a reliable investment with potential for future value increases. Family rental The spacious 120m² layout of this apartment suits family living, making it an ideal rental option for longer-term tenants in a high-demand vacation area. Its competitive pricing, relative to the fair value, positions it favorably for steady rental income over time.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk of market fluctuations impacting property value and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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