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 51 m², energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment benefits from a private dedicated parking space and direct access to communal amenities, enhancing both convenience and lifestyle for residents.
The valuation. The asking price of €299,950 is significantly above the fair value of €253,562, resulting in an overpricing of €46,388 or 18.3%. This indicates that the current market price does not reflect the true worth of the property.
Fair value modelled at €253,562 from 6 comparable sales in the area. Asking €299,950 sits €46,388 (18.3%) above — overpriced versus fair value.
Asking €299,950 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €214,939 (€4,214/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 €214,939, adjusted for condition and micro-location, gives a modelled fair value of €253,562 (€4,972/m²), a €46,388 (18.3%) gap versus the €299,950 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · f10bec | Subject | €299,950 | €5,881 | — | 75 | 70 |
| Guia · 653043 | Active | €295,000 | €4,836 | 17.8% | 75 | 73 |
| Guia · be9125 | Active | €475,000 | €5,108 | 13.2% | 76 | 72 |
| praça Central | Active | €410,000 | €5,694 | 3.2% | 68 | 73 |
| estrada dos Salgados, 41 | Active | €325,000 | €4,643 | 21.1% | 78 | 65 |
| Median comp | €367,500 | €4,972 | 15.5% | 76 | 73 |
Short-term vacation rental The property is overpriced at €299,950 compared to a fair value of €253,562, indicating an 18.3% premium that diminishes its attractiveness for vacation rentals. With a gross yield of 0%, this investment lacks immediate cash flow potential, making it less appealing in a tourist-driven market. Buy-and-hold Given the current listing price above fair value, the potential for capital appreciation in the future is limited, as it signifies an 18.3% excessive valuation. Maintaining this asset over time may not yield the expected returns, especially with no gross yield to support the holding costs. Long-term rental While the neighborhood has moderate scores for condition and amenities, the property remains overpriced at €299,950, overshadowing any long-term rental benefits. The lack of a gross yield further complicates its attractiveness for long-term leasing in a primarily tourist-dependent area.
Economic Vulnerability With an economic stability score of 60/100, there is a heightened risk of market volatility which could impact rental income.
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