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 65 m² on the 2nd floor, built in 1978, energy rating C. Located on avenida Sá Carneiro, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. The property features a private balcony with tranquil views and is part of a secure gated community offering a swimming pool and dedicated parking.
The valuation. The asking price of €260,000 sits just above the fair value of €255,423, indicating a slight premium of €4,577 or 1.8%. This suggests the property is priced at a fair level in the current market. Buy-to-flip angle. A buy-to-flip strategy could involve minor renovations to enhance the modern aesthetic before reselling, leveraging the strong tourist appeal for a quicker turnover. This could yield a modest profit margin given the competitive local market. Buy-to-let angle. The rental income strategy focuses on the estimated €932/month, presenting a gross yield of 4.3%. The property's location in a tourist-frequented area makes it ideal for short-term vacation rentals, capitalizing on seasonal demand.
Fair value modelled at €255,423 from 5 comparable sales in the area. Asking €260,000 sits €4,577 (1.8%) above — overpriced versus fair value.
Asking €260,000 versus the avenida Sá Carneiro area baseline of €203,032 (€3,124/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €203,032, adjusted for condition and micro-location, gives a modelled fair value of €255,423 (€3,930/m²), a €4,577 (1.8%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Sá Carneiro | Subject | €260,000 | €4,000 | — | 80 | 72 |
| Albufeira e Olhos de Água · 23f514 | Active | €380,000 | €3,486 | 12.8% | 75 | 66 |
| urbanização Quinta da Bolota | Active | €320,000 | €4,051 | 1.3% | 75 | 75 |
| rua das Telecomunicações, 25 | Active | €465,000 | €4,346 | 8.6% | 76 | 73 |
| Albufeira e Olhos de Água · 03254d | Active | €450,000 | €3,913 | 2.2% | 70 | 72 |
| Median comp | €415,000 | €3,982 | 0.4% | 75 | 73 |
Short-term vacation rental The property is positioned in a tourist-friendly area, making it suitable for short-term vacation rentals; however, the fair value suggests that it's priced at a premium with only a 1.8% gap. The gross yield of 4.3% indicates the potential for decent returns, but the seasonal employment trends may affect occupancy rates. Buy-and-hold While the property offers a fair value at €260,000, the slight premium may not justify long-term appreciation, especially with its current condition rating of 78/100. Investors should consider the potential for slow appreciation in a competitive market characterized by strong seasonal trends and localized rentals. Long-term rental With a gross yield of 4.3%, the property presents a viable option for long-term rental; nevertheless, the close proximity of the listing price to fair value signifies that the margin for price growth is limited. The neighborhood score of 72/100 reflects adequate tenant quality, but the economic conditions may not favor substantial rental increases. Not ideal for student housing Given the seasonal employment trends and the lack of robust amenities for student populations, the property is not suitable for student housing. This limitation reduces its attractiveness to a key demographic that often seeks more affordable and convenient living solutions. Not ideal for luxury market Considering the fair value and yield metrics, this property does not meet the expectations typically associated with the luxury market. The overall rating of 78/100 signifies that it lacks the premium characteristics desirable for high-end investments. Not ideal for industrial investment The property is situated in a residential area, making it unsuitable for industrial investment purposes. Industrial developments require specific zoning and a suitable local economy that this neighborhood does not offer.
Economic Sensitivity Risk: With an economic stability score of 65/100, there is a considerable risk that economic downturns could negatively impact property value and rental income stability.
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