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, 1-bathroom apartment of 104 m², built in 1979, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment includes a pleasant private garden of about 30 m², providing an outdoor retreat perfect for relaxation and enjoying the Algarvian climate.
The valuation. The asking price of €285,000 sits slightly below the fair value of €286,577, making it a fair investment opportunity with a minor discrepancy of €1,577 (0.6%). Buy-to-flip angle. A resale strategy focusing on quick renovations could enhance the apartment's appeal, targeting an upgraded finish for higher resale values in a high-demand tourist area. Buy-to-let angle. With an estimated rental income of €974/month, this property presents a gross yield of 4.1%, making it suitable for a buy-and-hold strategy to capitalize on the consistent influx of tourists in Albufeira.
Fair value modelled at €286,577 from 6 comparable sales in the area. Asking €285,000 sits €1,577 (0.6%) below — the upside to fair value.
Asking €285,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €271,967 (€2,615/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 is below the parish average, reducing 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 €271,967, adjusted for condition and micro-location, gives a modelled fair value of €286,577 (€2,756/m²), a €1,577 (0.6%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 3a749b | Subject | €285,000 | €2,740 | — | 55 | 65 |
| rua Vasco Santana S / N | Active | €235,000 | €2,640 | 3.6% | 52 | 77 |
| rua do Município, 18 | Active | €249,000 | €2,830 | 3.3% | — | 64 |
| Albufeira e Olhos de Água · 09000a | Active | €160,000 | €2,807 | 2.4% | 55 | 71 |
| Albufeira e Olhos de Água · 82c798 | Active | €265,000 | €2,704 | 1.3% | 48 | 66 |
| Median comp | €242,000 | €2,756 | 0.6% | 52 | 69 |
Short-term vacation rental The property, while generating a reasonable gross yield of 4.1%, is priced at €285,000, which is only marginally below the fair value of €286,577. Given the strong tourist demand in Albufeira, the potential for short-term rental income may be limited by the slim price advantage. Buy-and-hold At €285,000, this investment sits at a fair valuation with a gap of just 0.6% below the fair value of €286,577, suggesting limited upside for long-term appreciation. The economic dependence on tourism, combined with a moderate property condition rating, may lead to slower appreciation over time. Family rental The property’s pricing aligns closely with its fair value of €286,577, providing a modest gross yield of 4.1%; however, this indicates a neutral investment outlook. While the location benefits from tourist traffic, limited economic diversity may affect demand for family rentals in the longer term.
Tenant turnover risk The relatively low tenant stability score of 65/100 indicates that there may be a higher risk of tenant turnover, potentially leading to periods of vacancy and increased costs in leasing.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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