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 63 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. This apartment features a modern balcony overlooking the interior garden, enhancing outdoor living space and providing privacy within a gated community with excellent amenities.
The valuation. The asking price of €255,000 sits slightly above the fair value of €252,000 by €3,000 (1.2%). This property is assessed as being priced fairly in the current market.
Fair value modelled at €252,000 from 5 comparable sales in the area. Asking €255,000 sits €3,000 (1.2%) above — overpriced versus fair value.
Asking €255,000 versus the avenida Sá Carneiro area baseline of €204,628 (€3,248/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €204,628, adjusted for condition and micro-location, gives a modelled fair value of €252,000 (€4,000/m²), a €3,000 (1.2%) gap versus the €255,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Sá Carneiro | Subject | €255,000 | €4,048 | — | 74 | 66 |
| avenida Sá Carneiro | Active | €260,000 | €4,000 | 1.2% | 77 | 64 |
| Albufeira e Olhos de Água · 23f514 | Active | €380,000 | €3,486 | 13.9% | 75 | 66 |
| urbanização Quinta da Bolota | Active | €320,000 | €4,051 | 0.1% | 75 | 75 |
| Albufeira e Olhos de Água · 03254d | Active | €450,000 | €3,913 | 3.3% | 70 | 72 |
| Median comp | €350,000 | €3,957 | 2.3% | 75 | 69 |
Long-term rental This property offers a gross yield of 4.5%, which is attractive for long-term investors looking for stable returns. However, with a fair value only slightly lower than the listing price, the investment potential remains moderate. Short-term vacation rental Given the location's appeal in the Algarve coast for tourists, the 2-bed apartment could perform well as a short-term vacation rental. Yet, the 1.2% gap from fair value suggests a cautious approach, as the property is neither a bargain nor overpriced. Buy-and-hold With a condition rating of 76 and a fair value designation, this apartment is suitable for a buy-and-hold strategy aimed at gradual appreciation in a tourist-driven market. The pricing reflects current market conditions, indicating it is reasonably positioned as a long-term holding rather than a lucrative opportunity. Not ideal for The student housing market is less relevant in this location due to its strong tourist focus, making it an unsuitable strategy. Similarly, the luxury market doesn't align with the apartment's valuation or appeal in the current housing landscape.
Tenant turnover risk With a tenant stability score of 65/100, there's a moderate risk of frequent tenant turnover, which could lead to increased vacancy rates and higher associated costs.
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