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 113 m², built in 1980, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment includes a practical sunroom adjacent to the kitchen, enhancing natural light and creating additional functional space, while both balconies offer partial sea views for relaxation.
The valuation. The asking price of €340,000 is below the fair value of €361,869 by €21,869 (6.0%). This positions the property as fairly priced in the current market.
Fair value modelled at €361,869 from 6 comparable sales in the area. Asking €340,000 sits €21,869 (6.0%) below — the upside to fair value.
Asking €340,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €263,587 (€2,333/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €263,587, adjusted for condition and micro-location, gives a modelled fair value of €361,869 (€3,202/m²), a €21,869 (6.0%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 82900b | Subject | €340,000 | €3,009 | — | 80 | 70 |
| Albufeira e Olhos de Água · 65a7e8 | Active | €395,000 | €3,527 | 17.2% | 80 | 71 |
| rua António Sérgio, 117 | Active | €265,000 | €3,155 | 4.8% | 65 | 72 |
| Albufeira e Olhos de Água · 1906a2 | Active | €290,000 | €2,900 | 3.6% | 70 | 68 |
| Albufeira e Olhos de Água · f5eafd | Active | €280,000 | €4,000 | 32.9% | 75 | 62 |
| Median comp | €285,000 | €3,341 | 11.0% | 73 | 70 |
Short-term vacation rental The property’s location in Albufeira, a key tourist area in the Algarve, supports a robust short-term rental market that consistently attracts visitors. With a gross yield of 4.3%, the investment holds potential for generating steady income, though the property is fairly priced at €340,000 compared to the fair value of €361,869. Buy-and-hold Given the fair valuation of this property and the increasing demand for residential units in touristic areas, a buy-and-hold strategy could yield steady long-term appreciation. While the yield of 4.3% is attractive, investors should recognize that the property is neither a bargain nor overpriced at its current listing. Family rental This 2-bedroom apartment in Albufeira could serve well as a family rental unit, benefiting from the region's family-friendly amenities. However, with the fair value of €361,869, it is priced correctly for the market, which may limit immediate investment returns. Not ideal for Student housing and the luxury market are less suitable for this property due to the tourism-centric infrastructure and lack of supportive educational access. Both segments may not generate desirable returns as the property's characteristics do not align with their specific needs.
Economic instability risk The economic stability score of 60/100 indicates potential volatility in the local market, which could lead to fluctuating rental income and decreased property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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