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 88 m² on the 1st floor, built in 2001, energy rating C. Located on rua Manuel José de Paiva, 21, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment features direct balcony access from the spacious living room, providing picturesque views of the swimming pools and landscaped gardens within the tranquil condominium setting.
The valuation. The asking price of €365,000 sits 3.6% above fair value at €352,452, indicating that the property is fairly priced in the current market landscape.
Fair value modelled at €352,452 from 6 comparable sales in the area. Asking €365,000 sits €12,548 (3.6%) above — overpriced versus fair value.
Asking €365,000 versus the rua Manuel José de Paiva, 21 area baseline of €310,378 (€3,527/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €310,378, adjusted for condition and micro-location, gives a modelled fair value of €352,452 (€4,005/m²), a €12,548 (3.6%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Manuel José de Paiva, 21 | Subject | €365,000 | €4,148 | — | 68 | 70 |
| rua das Moradias, 8 | Active | €510,000 | €5,313 | 28.1% | — | 73 |
| Albufeira e Olhos de Água · 03254d | Active | €450,000 | €3,913 | 5.7% | 70 | 72 |
| rua do Pinhal | Active | €295,000 | €4,097 | 1.2% | 70 | 71 |
| rua Manuel José de Paiva | Active | €375,000 | €3,000 | 27.7% | 72 | 67 |
| Median comp | €412,500 | €4,005 | 3.4% | 70 | 72 |
Long-term rental The property generates a gross yield of 3.6%, which aligns with the average return in the Albufeira area, indicating a stable rental market. However, the fair valuation suggests that potential long-term investors should proceed cautiously as the price is not significantly attractive compared to other options. Short-term vacation rental Given the Algarve's consistent tourism appeal and proximity to beaches, the property is suitable for short-term vacation rentals. Nevertheless, with a gap to fair value of only 3.6%, this investment may not provide sufficient upside relative to its current price point. Buy-and-hold As a buy-and-hold investment, this property benefits from location desirability, but the fair pricing indicates limited value appreciation potential. Investors aiming for long-term capital growth might find more lucrative opportunities elsewhere, given the current valuation dynamics.
Economic Vulnerability With an economic stability score of 65/100, there is a risk of fluctuating local market conditions affecting property value and tenant demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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