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 106 m² on the 1st floor, built in 2006, energy rating C. Located on estrada da Balaia S / N, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment includes a private terrace with a built-in barbecue area, perfect for outdoor dining and leisure, and is located within a secured closed condominium with landscaped gardens and swimming pools.
The valuation. The asking price of €445,000 sits €30,723 (7.4%) above the fair value of €414,277, reflecting a property priced at fair market levels. This valuation indicates a solid investment opportunity in a desirable location. Buy-to-flip angle. The property can be strategically renovated to attract investors interested in the vacation rental market, leveraging its high-quality finishes. This approach could enable a resale for an increased profit after minimal improvements. Buy-to-let angle. With an estimated rental income of €1,298 per month, the gross yield stands at 3.5%, making this property suitable for a buy-and-hold strategy. Its location in a tourist-heavy area further supports long-term rental growth potential.
Fair value modelled at €414,277 from 6 comparable sales in the area. Asking €445,000 sits €30,723 (7.4%) above — overpriced versus fair value.
Asking €445,000 versus the estrada da Balaia S / N area baseline of €342,409 (€3,230/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €342,409, adjusted for condition and micro-location, gives a modelled fair value of €414,277 (€3,908/m²), a €30,723 (7.4%) gap versus the €445,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada da Balaia S / N | Subject | €445,000 | €4,198 | — | 75 | 72 |
| rua Balaia Golf Village, 137 | Active | €445,000 | €3,904 | 7.0% | 72 | 71 |
| Albufeira e Olhos de Água · 03254d | Active | €450,000 | €3,913 | 6.8% | 70 | 72 |
| Albufeira e Olhos de Água · 23f514 | Active | €380,000 | €3,486 | 17.0% | 75 | 66 |
| rua Manuel Teixeira Gomes | Active | €380,000 | €4,000 | 4.7% | 74 | 72 |
| Median comp | €412,500 | €3,909 | 6.9% | 73 | 72 |
Short-term vacation rental This property in Albufeira e Olhos de Água, while positioned for the lucrative coastal tourism market, aligns closely with its fair value, offering a yield of 3.5%. Despite a reasonable condition rating of 77/100, investors should recognize that the price at €445,000 represents a modest 7.4% premium over its fair value. Buy-and-hold Holding this property may provide steady rental income given its decent gross yield of 3.5%, yet the investment does not present significant upside potential. The current listing price reflects a fair valuation, which limits immediate equity growth prospects. Family rental As a family rental, this apartment's fair condition and location in a tourist-friendly area make it a practical choice, although buyers should be mindful of the current pricing. The fair assessment indicates that while it could meet family needs, it is not positioned for strong appreciation, with a price 7.4% above fair value.
Moderate Economic Risk The economic stability score of 60/100 indicates potential vulnerabilities in the local economy that could affect property values and rental income stability.
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