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.
3-bedroom, 3-bathroom duplex of 101 m² on the 2nd floor, built in 1996, energy rating D. Located on rua da Vela Latina, 36, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This duplex includes private outdoor terraces with scenic views and is situated in a quiet neighborhood, enhancing its appeal for relaxation and lifestyle.
The valuation. The asking price of €489,000 is significantly below the fair value of €576,546, representing a discount of €87,546 or 15.2%. This suggests the property is underpriced relative to market expectations.
Fair value modelled at €576,546 from 4 comparable sales in the area. Asking €489,000 sits €87,546 (15.2%) below — the upside to fair value.
Asking €489,000 versus the rua da Vela Latina, 36 area baseline of €493,300 (€4,884/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €493,300, adjusted for condition and micro-location, gives a modelled fair value of €576,546 (€5,708/m²), a €87,546 (15.2%) gap versus the €489,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Vela Latina, 36 | Subject | €489,000 | €4,842 | — | 75 | 74 |
| Albufeira e Olhos de Água · f10aad | Active | €595,000 | €6,330 | 30.7% | 78 | 72 |
| Albufeira e Olhos de Água · ab70d7 | Active | €489,000 | €4,445 | 8.2% | 70 | 66 |
| Albufeira e Olhos de Água · 3df476 | Active | €585,000 | €5,087 | 5.1% | 72 | 75 |
| Albufeira e Olhos de Água · 834106 | Active | €845,000 | €8,895 | 83.7% | 82 | 80 |
| Median comp | €590,000 | €5,709 | 17.9% | 75 | 74 |
Short-term vacation rental The 3-bed duplex in Albufeira e Olhos de Água presents a unique opportunity for short-term vacation rentals, especially given the region's tourist appeal. With a fair value that exceeds the listing price by 15.2%, this property is poised for attractive returns as a vacation rental asset. Long-term rental Given its location in a desirable tourist region, this property can serve as an appealing long-term rental, benefiting from consistent demand. The 15.2% gap to fair value suggests that securing tenant interest could provide stable cash flow over time, making it an attractive proposition for investors. Family rental This duplex is well-suited for families looking to live in a vibrant tourist area, with ample space and proximity to coastal amenities. The fair value being higher than the listing price by 15.2% indicates substantial potential for a resilient family rental market, attracting quality tenants seeking a long-term home in a desirable locale.
Economic Vulnerability With an economic stability score of 65/100, the property may be at risk for fluctuating market conditions that could impact rental income and occupancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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