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, 2-bathroom apartment of 51 m², built in 1993. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment includes a private parking space and a storage room, enhancing convenience for residents and providing additional utility for personal or rental use.
The valuation. The asking price of €340,000 is slightly below the fair value of €345,567, sitting at a difference of €5,567 (1.6%). This suggests the property is valued fairly in the current market conditions.
Fair value modelled at €345,567 from 6 comparable sales in the area. Asking €340,000 sits €5,567 (1.6%) below — the upside to fair value.
Asking €340,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €302,110 (€5,924/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €302,110, adjusted for condition and micro-location, gives a modelled fair value of €345,567 (€6,776/m²), a €5,567 (1.6%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · a80384 | Subject | €340,000 | €6,667 | — | 79 | 67 |
| estrada de Santa Eulália, 3 | Active | €265,000 | €5,196 | 22.1% | 75 | 63 |
| rua do Cerro | Active | €465,000 | €5,813 | 12.8% | 72 | 70 |
| Albufeira e Olhos de Água · 1e63fb | Active | €890,000 | €7,739 | 16.1% | 74 | 75 |
| Albufeira e Olhos de Água · ab71dc | Active | €845,000 | €8,802 | 32.0% | 78 | 71 |
| Median comp | €655,000 | €6,776 | 1.6% | 75 | 71 |
Short-term vacation rental The property is reasonably priced at €340,000, aligning closely with its fair value of €345,567, resulting in a minimal gap of 1.6%. With a gross yield of 3.4%, it can serve well in catering to the demand from the strong influx of summer tourists in the Albufeira region. Buy-and-hold Given its fair valuation at €340,000, this 2-bed apartment offers a stable investment opportunity with a yield of 3.4%. The property's condition rating of 81/100 suggests that it requires limited immediate renovations, making it suitable for long-term holding. Family rental The apartment, while fairly priced at €340,000, may appeal to families due to its size and decent condition of 81/100. However, potential challenges include an average neighborhood rating of 67/100 and limited educational resources for families in the area.
Economic and Tenant Instability The property faces a risk of inconsistent rental income due to both the economic stability and tenant stability scores being at 60/100, indicating potential vulnerabilities in both areas.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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