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 84 m², built in 1990, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment includes a pleasant balcony ideal for enjoying outdoor living, and the condominium offers well-maintained outdoor areas and multiple swimming pools for relaxation.
The valuation. The asking price of €320,000 is positioned at 8.9% below the fair value of €351,273. This indicates that the property is valued fairly within the current market context.
Fair value modelled at €351,273 from 5 comparable sales in the area. Asking €320,000 sits €31,273 (8.9%) below — the upside to fair value.
Asking €320,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €299,409 (€3,564/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €299,409, adjusted for condition and micro-location, gives a modelled fair value of €351,273 (€4,182/m²), a €31,273 (8.9%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · a8030c | Subject | €320,000 | €3,810 | — | 72 | 71 |
| rua Cesário Verde, 416B | Active | €285,000 | €4,191 | 10.0% | 75 | 71 |
| beco José Ramos Pimenta S / N | Active | €188,000 | €4,087 | 7.3% | 82 | 62 |
| Albufeira e Olhos de Água · 99f39d | Active | €318,000 | €4,077 | 7.0% | 70 | 71 |
| Albufeira e Olhos de Água · 15e110 | Active | €372,000 | €4,276 | 12.2% | 70 | 74 |
| Median comp | €301,500 | €4,139 | 8.6% | 73 | 71 |
Short-term vacation rental This 2-bed apartment in Albufeira e Olhos de Água could appeal to vacationers due to its proximity to the Algarve's popular beaches and amenities, despite the gross yield of 3.8%. The property is fairly priced at €320,000, with a fair value estimated at €351,273, indicating a minor gap of 8.9% which suggests stable demand in a vibrant rental market. Long-term rental With a fair valuation and a reasonable yield of 3.8%, this apartment may attract long-term tenants looking for quality housing in a desirable coastal area. However, the condition of 72/100 and neighbourhood rating of 71/100 suggest potential challenges in maintaining consistent tenant quality over time. Buy-and-hold Investing in this property for a buy-and-hold strategy may yield moderate returns, given its fair pricing and the relatively steady property values in Albufeira e Olhos de Água. The fair value assessment at €351,273 highlights that while the property is not overpriced, it is essential to consider the overall market conditions and amenities to ensure long-term value appreciation.
Tenant turnover risk High tenant turnover may occur with a tenant stability score of 70/100, indicating potential instability in rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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