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 128 m² on the 1st floor, built in 2004, energy rating C. Located on rua do Corguinho, 17, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment features a cozy living room with a fireplace, enhancing the comfort and ambiance, along with access to beautifully landscaped gardens within the private condominium.
The valuation. The asking price of €385,000 sits slightly above fair value, which is estimated at €366,171, representing a difference of €18,829 (5.1%). Verdict: fair.
Fair value modelled at €366,171 from 6 comparable sales in the area. Asking €385,000 sits €18,829 (5.1%) above — overpriced versus fair value.
Asking €385,000 versus the rua do Corguinho, 17 area baseline of €269,204 (€2,103/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 €269,204, adjusted for condition and micro-location, gives a modelled fair value of €366,171 (€2,861/m²), a €18,829 (5.1%) gap versus the €385,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Corguinho, 17 | Subject | €385,000 | €3,008 | — | 74 | 66 |
| rua Manuel José de Paiva | Active | €375,000 | €3,000 | 0.3% | 72 | 67 |
| Albufeira e Olhos de Água · 6fbaa3 | Active | €535,000 | €2,524 | 16.1% | 76 | 71 |
| Albufeira e Olhos de Água · 800188 | Active | €399,000 | €3,353 | 11.5% | 76 | 74 |
| Albufeira e Olhos de Água · 4d468c | Active | €395,000 | €2,821 | 6.2% | 71 | 65 |
| Median comp | €397,000 | €2,911 | 3.2% | 74 | 69 |
Short-term vacation rental The property is positioned well in the Algarve tourist region, which could attract guests looking for a coastal getaway. However, the current yield of 3.9% may not justify the €385,000 listing price given the fair value of €366,171. Buy-and-hold While the investment in this two-bed apartment appears reasonably stable, the modest yield of 3.9% may not offer the investor robust long-term returns given the slight premium over fair value. The neighbourhood score of 66/100 suggests that while the location has potential, it doesn’t provide significant growth prospects relative to the listing price. Value-add renovation With a condition rating of 76/100, there is potential for improvement that could enhance both the rental income and property value over time. However, the current price of €385,000 sits above fair value, limiting the immediate attractiveness of pursuing renovation strategies. Not ideal for student housing The property does not align with the market needs for student housing, as its appeal is more suited to tourists due to the location in Albufeira. Given the fair valuation, pursuing this strategy could lead to challenges in achieving an adequate return on investment. Not ideal for industrial investment Investing in industrial real estate in this coastal location is unlikely to yield positive outcomes, as the economy heavily leans on tourism rather than industrial growth. The pricing at €385,000 does not support diversification into this sector considering its fair value status. Not ideal for luxury market The current offering is not compatible with the luxury market segmentation, which generally demands premium pricing and exceptional amenities. As the property valuation stands at fair, venturing into high-end luxury could misalign with expected returns given its residential characteristics.
Economic and Tenant Risk Both economic and tenant stability scores are at a moderate 60/100, indicating potential fluctuations in both landlord income and tenant retention that could impact overall property performance negatively.
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