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 66 m², built in 1986, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment boasts a living room with a balcony, providing an inviting outdoor space and a touch of coastal charm in proximity to Albufeira beach.
The valuation. The asking price of €330,000 is €18,820 (6.0%) above the fair value of €311,180, indicating it is priced fairly in the current market. Buyers should weigh this against potential offers to ensure a sound investment. Buy-to-flip angle. The resale strategy may focus on cosmetic updates to appeal to buyers looking for modern finishes. This can increase the property's value, allowing for a profitable flip in a tourism-driven market. Buy-to-let angle. With an estimated rental income of €1,045/month, the gross yield stands at 3.8%. This positions the property well for long-term rental strategies, capitalizing on the high demand for housing in the Algarve region.
Fair value modelled at €311,180 from 6 comparable sales in the area. Asking €330,000 sits €18,820 (6.0%) above — overpriced versus fair value.
Asking €330,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €278,385 (€4,218/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €278,385, adjusted for condition and micro-location, gives a modelled fair value of €311,180 (€4,715/m²), a €18,820 (6.0%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 83137b | Subject | €330,000 | €5,000 | — | 72 | 72 |
| rua José Bernardino de Sousa | Active | €299,500 | €4,680 | 6.4% | 75 | 58 |
| rua do Atlântico, 33 | Active | €290,000 | €4,531 | 9.4% | 70 | 65 |
| Albufeira e Olhos de Água · 15e2ba | Active | €285,000 | €4,750 | 5.0% | 60 | 76 |
| Albufeira e Olhos de Água · 15e110 | Active | €372,000 | €4,276 | 14.5% | 70 | 74 |
| Median comp | €294,750 | €4,606 | 7.9% | 70 | 70 |
Short-term vacation rental The potential for short-term vacation rentals in Albufeira is supported by the region's strong tourism-driven housing demand. With a fair value gap of 6.0%, the property stands at a reasonable price, yielding a gross return of 3.8% despite minor concerns regarding its condition and neighborhood appeal. Long-term rental With a fair value indicating that the property is priced reasonably, it may attract steady long-term tenants, especially considering the area's reputation as a tourist destination. However, with a condition score of 68 and neighborhood rating of 72, the potential for rental growth could be limited in the competitive market. Buy-and-hold Investing in this 2-bed apartment for long-term appreciation could be justified in Albufeira given the expected demand in the real estate market, although it currently has a fair value status. The stability of the yield at 3.8% suggests decent cash flow potential, but investors should be cautious of the property's condition and neighborhood ratings affecting future value increases.
Economic vulnerability The property faces potential economic instability due to a score of 65/100, which may affect tenant retention and rental income over time.
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