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 98 m² on the 2nd floor, built in 2003, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment boasts direct balcony access from the bright living room, providing scenic views of landscaped gardens and the pool, perfect for outdoor dining and relaxation.
The valuation. The asking price of €450,000 is below the fair value of €558,833, by €108,833 (19.5%). This is a subvalued property, making it an attractive investment opportunity.
Fair value modelled at €558,833 from 6 comparable sales in the area. Asking €450,000 sits €108,833 (19.5%) below — the upside to fair value.
Asking €450,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €498,506 (€5,087/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €498,506, adjusted for condition and micro-location, gives a modelled fair value of €558,833 (€5,702/m²), a €108,833 (19.5%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · e83580 | Subject | €450,000 | €4,592 | — | 70 | 73 |
| Albufeira e Olhos de Água · be946c | Active | €530,000 | €4,818 | 4.9% | 76 | 63 |
| Albufeira e Olhos de Água · 80002d | Active | €465,000 | €4,346 | 5.4% | 74 | 72 |
| Albufeira e Olhos de Água · 82c786 | Active | €340,000 | €6,071 | 32.2% | 73 | 63 |
| rua Teixeira de Pascoais | Active | €340,000 | €6,182 | 34.6% | 80 | 70 |
| Median comp | €402,500 | €5,445 | 18.6% | 75 | 67 |
Short-term vacation rental The 2-bed apartment in Albufeira e Olhos de Água, priced at €450,000, presents a compelling opportunity as it is currently subvalorizada by 19.5% compared to its fair value of €558,833. Given the strong tourism demand in the Algarve, this property could yield attractive returns in the short-term rental market despite a gross yield of 2.9%. Long-term rental With a fair value significantly higher than its listing price, this apartment is well-positioned to provide long-term rental income while being subvalorizada relative to the market. The neighborhood's overall quality ratings of 73/100 suggest adequate tenant demand, ensuring steady occupancy and rental potential. Buy-and-hold Acquiring this property as a buy-and-hold investment is a strategic move given its fair value shows a potential appreciation of 19.5% beyond the current listing price of €450,000. The solid condition rating of 73/100 alongside the enticing Algarve location supports the prospect of long-term value growth and stabilizing rental returns.
Economic fluctuation risk With an economic stability score of 70/100 and tenant stability also at 70/100, there is a considerable risk of economic fluctuations impacting rental income and property values negatively.
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