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 88 m², built in 2009, energy rating D. Located on rua Ramalho Ortigão, 90, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment includes direct balcony access from both bedrooms, enhancing indoor-outdoor living, and is situated just a few blocks from the popular nightlife of Praia da Oura.
The valuation. The asking price of €320,000 is €37,624 (10.5%) below the fair value of €357,624, indicating that the property is underpriced in the current market. This presents an attractive opportunity for potential buyers. Buy-to-flip angle. The plan to resell the property allows for significant profit potential, utilizing the strong tourism appeal of Albufeira e Olhos de Água for a successful quick turnaround. Targeting vacation home buyers can enhance resale value. Buy-to-let angle. With an estimated gross yield of 3.7%, generating around €987 per month in rental income provides a stable return for investors. The property's location in a sought-after vacation destination supports a consistent rental demand.
Fair value modelled at €357,624 from 6 comparable sales in the area. Asking €320,000 sits €37,624 (10.5%) below — the upside to fair value.
Asking €320,000 versus the rua Ramalho Ortigão, 90 area baseline of €299,130 (€3,399/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 €299,130, adjusted for condition and micro-location, gives a modelled fair value of €357,624 (€4,064/m²), a €37,624 (10.5%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ramalho Ortigão, 90 | Subject | €320,000 | €3,636 | — | 73 | 73 |
| rua António Sérgio | Active | €380,000 | €3,762 | 3.5% | 75 | 76 |
| Albufeira e Olhos de Água · 911876 | Active | €379,000 | €3,185 | 12.4% | 80 | 66 |
| Albufeira e Olhos de Água · 3df490 | Active | €275,000 | €4,231 | 16.3% | 72 | 71 |
| rua Vitorino Nemésio, 128 | Active | €239,000 | €4,780 | 31.4% | 75 | 73 |
| Median comp | €327,000 | €3,997 | 9.9% | 75 | 72 |
Short-term vacation rental The 2-bed apartment in Albufeira, listed at €320,000, presents an opportunity for short-term vacation rentals, supported by a fair value assessment of €357,624, indicating a 10.5% gap. With a gross yield of 3.7% and the area's popularity as a tourist destination, this strategy could achieve solid returns. Buy-and-hold Investing in this property for a buy-and-hold strategy is advantageous, given its current listing price is below its fair value, positioning the investor for potential appreciation over time. The solid condition score of 75/100 suggests that maintenance costs will be manageable, enhancing the property's long-term investment potential. Long-term rental Acquiring this apartment for long-term rental is strategically sound; the property is currently underpriced against its fair value, providing a platform for stable rental income. The neighbourhood's score of 73/100 indicates decent amenities and tenant quality, further supporting the viability of this rental strategy.
Economic Vulnerability The economic stability score of 65/100 indicates potential fluctuations in income and job security in the area, which may impact tenant retention and rental income.
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