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 apartment of 125 m², built in 2011. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Notable Feature: This well-maintained apartment features a private balcony that offers a peaceful view, perfect for enjoying morning coffee in a tranquil urban setting.
The valuation. The asking price of €450,000 sits below the fair value of €504,982, indicating the property is subvalorizada by €54,982 (10.9%). This presents a favorable entry point for savvy buyers.
Fair value modelled at €504,982 from 6 comparable sales in the area. Asking €450,000 sits €54,982 (10.9%) below — the upside to fair value.
Asking €450,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €424,678 (€3,397/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 is below the parish average, reducing 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 €424,678, adjusted for condition and micro-location, gives a modelled fair value of €504,982 (€4,040/m²), a €54,982 (10.9%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 829030 | Subject | €450,000 | €3,600 | — | 70 | 66 |
| estrada de Albufeira | Active | €410,000 | €3,694 | 2.6% | 72 | 71 |
| Albufeira e Olhos de Água · 03254d | Active | €450,000 | €3,913 | 8.7% | 70 | 72 |
| Albufeira e Olhos de Água · 483c5e | Active | €360,000 | €4,186 | 16.3% | 68 | 72 |
| rua António Aleixo, 2 | Active | €378,000 | €4,200 | 16.7% | 68 | 71 |
| Median comp | €394,000 | €4,050 | 12.5% | 69 | 72 |
Short-term vacation rental The property in Albufeira e Olhos de Água is well-positioned for short-term vacation rentals due to its desirable location in a tourist hotspot, offering a gross yield of 3.3%. With a fair value of €504,982, the property is underpriced at €450,000, presenting a compelling opportunity for investors seeking high occupancy rates in a fluctuating population market. Long-term rental Given the local economy's heavy reliance on tourism and hospitality, this 2-bed apartment offers solid potential for long-term rental, albeit with a lower yield of 3.3%. Priced at €450,000, below its fair value, it provides a stable investment option in a neighbourhood with a reasonable tenant quality score of 66/100. Buy-and-hold Investing in this property as a buy-and-hold strategy can yield benefits considering its underpriced status and stable demand driven by tourism. With a fair value of €504,982, acquiring the apartment at €450,000 offers a strategic advantage for capital appreciation in a region that remains a premier destination in the Algarve.
Economic Vulnerability The property has an economic stability score of 55/100, indicating potential susceptibility to local market fluctuations that could affect rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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