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 penthouse of 353 m² on the 2nd floor, built in 2008, energy rating B. Located on rua José Ramos Pimenta S / N, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Unique Selling Point: Enjoy panoramic sunset views from the expansive terrace, complete with a private jacuzzi, ideal for relaxation in this elevated penthouse. Highlights: Modern design, proximity to Albufeira Marina.
The valuation. The asking price of €625,000 is significantly below the fair value of €1,002,459, indicating an undervalued opportunity by €377,459 (37.7%). This positions the property as a strong candidate for investment.
Fair value modelled at €1,002,459 from 6 comparable sales in the area. Asking €625,000 sits €377,459 (37.7%) below — the upside to fair value.
Asking €625,000 versus the rua José Ramos Pimenta S / N area baseline of €733,335 (€2,077/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 €733,335, adjusted for condition and micro-location, gives a modelled fair value of €1,002,459 (€2,840/m²), a €377,459 (37.7%) gap versus the €625,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Ramos Pimenta S / N | Subject | €625,000 | €1,771 | — | 72 | 67 |
| rua do Município | Active | €540,000 | €2,687 | 51.7% | 80 | 70 |
| Albufeira e Olhos de Água · 99f1b3 | Active | €475,000 | €2,714 | 53.3% | 75 | 72 |
| Albufeira e Olhos de Água · 001855 | Active | €655,000 | €3,722 | 110.2% | 78 | 65 |
| rua Fernando Pessoa | Active | €325,000 | €2,708 | 53.0% | 75 | 72 |
| Median comp | €507,500 | €2,711 | 53.1% | 77 | 71 |
Short-term vacation rental The 2-bed penthouse in Albufeira offers a compelling opportunity for short-term vacation rentals, with its fair value significantly higher than the listing price, suggesting strong potential for lucrative seasonal returns. The property’s location in the Algarve capitalizes on the tourism-driven economy, appealing to vacationers seeking spacious accommodations. Buy-and-hold Investing in this penthouse for a buy-and-hold strategy aligns well with the fair value assessment, highlighting it as a strong asset for long-term appreciation in a desirable tourist market. The significant gap from fair value suggests that this property has considerable room for growth over time, making it a strategic addition to a portfolio. Family rental Given the property’s size and favorable location, it presents a viable option for family rentals, despite a lower yield. The penthouse’s condition and neighborhood ratings indicate good quality living, appealing to families looking for spacious accommodations in a popular area.
Economic Dependency Risk With an economic stability score of 65/100, there is a moderate risk that fluctuations in the local economy could adversely affect rental income and property value.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
