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, 3-bathroom house of 175 m², energy rating C. Located on beco das Violetas, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This property boasts a local accommodation license, offering strong potential for tourist rentals in a sought-after area near Santa Eulália Beach, enhancing investment opportunities.
The valuation. The asking price of €515,000 is slightly above the fair value of €496,949 by €18,051 (3.6%). This reflects a valuation in line with market expectations, indicating a fair price for the property.
Fair value modelled at €496,949 from 6 comparable sales in the area. Asking €515,000 sits €18,051 (3.6%) above — overpriced versus fair value.
Asking €515,000 versus the beco das Violetas area baseline of €382,116 (€2,184/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €382,116, adjusted for condition and micro-location, gives a modelled fair value of €496,949 (€2,840/m²), a €18,051 (3.6%) gap versus the €515,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| beco das Violetas | Subject | €515,000 | €2,943 | — | 72 | 66 |
| rua Cândido de Oliveira, 65 | Active | €680,000 | €2,378 | 19.2% | 75 | 74 |
| Albufeira e Olhos de Água · 261e47 | Active | €395,000 | €2,904 | 1.3% | 72 | 75 |
| Albufeira e Olhos de Água · 96c6ca | Active | €849,000 | €3,949 | 34.2% | 72 | 74 |
| Ferreiras · 6fbc55 | Active | €555,000 | €2,775 | 5.7% | 75 | 78 |
| Median comp | €617,500 | €2,840 | 3.5% | 74 | 75 |
Short-term vacation rental The property’s location in the Algarve coastal area, which is highly attractive to tourists, supports its potential as a short-term vacation rental. The gross yield of 3.2% suggests moderate returns, aligning with the property being fairly priced at €515,000, given the fair value estimate of €496,949. Buy-and-hold As a buy-and-hold investment, this property offers a stable return, achieved through consistent demand driven by seasonal tourism in the area. While its current valuation reflects a fair market position, with a gap of only 3.6% to fair value, the overall yield of 3.2% indicates that long-term appreciation may be limited. Family rental This 2-bed house serves well for family rentals due to its sufficient space, though the general neighborhood rating of 66/100 reflects some limitations in tenant quality and overall appeal. Given the property is fairly priced at €515,000, the rental yield of 3.2% suggests a consistent but not extraordinary income potential for family tenants in the region.
Tenant turnover risk The relatively low tenant stability score of 60/100 indicates a potential for higher tenant turnover, which could lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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