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, 1-bathroom apartment of 131 m², energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment benefits from two dedicated parking spaces and is strategically situated just 1.5 km from the beach, enhancing its rental appeal in a desirable area.
The valuation. The asking price of €490,000 sits slightly below the fair value of €509,808, representing a 3.9% difference. This property is fairly priced, making it an attractive option in the current market environment.
Fair value modelled at €509,808 from 6 comparable sales in the area. Asking €490,000 sits €19,808 (3.9%) below — the upside to fair value.
Asking €490,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €503,201 (€3,841/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 53/100 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 €503,201, adjusted for condition and micro-location, gives a modelled fair value of €509,808 (€3,892/m²), a €19,808 (3.9%) gap versus the €490,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 0c0485 | Subject | €490,000 | €3,740 | — | 50 | 70 |
| Albufeira e Olhos de Água · 735506 | Active | €214,000 | €4,458 | 19.2% | 40 | 73 |
| avenida Francisco Sá Carneiro, 5 | Active | €270,000 | €5,192 | 38.8% | — | 71 |
| Albufeira e Olhos de Água · 8750f4 | Active | €425,000 | €3,664 | 2.0% | 65 | 71 |
| Albufeira e Olhos de Água · 33bd27 | Active | €230,000 | €3,833 | 2.5% | 56 | 71 |
| Median comp | €250,000 | €4,146 | 10.8% | 56 | 71 |
Short-term vacation rental The property’s proximity to the Algarve coast positions it well to attract short-term vacation renters, capitalizing on a tourist-driven economy. However, with a gross yield of 2.9% and a fair value gap of only 3.9%, the investment appears to be in line with current market expectations, rather than a strong opportunity. Family rental The neighborhood rating of 70/100 suggests it is suitable for family rentals, with a stable tenant quality reflected in the economic conditions. Nevertheless, the 2.9% yield and a gap to fair value indicate that while it may provide some income, it does not present an exceptional investment case at the current price. Buy-and-hold Investing in this property as a buy-and-hold strategy aligns with the overall demand driven by local amenities and the tourism sector. Yet, the current valuation being fair means prospective returns may not justify the upfront investment, as the property does not offer substantial growth potential at this price point.
Economic Vulnerability The property has an economic stability score of 65/100, indicating potential susceptibility to economic downturns that could impact rental income. Tenant Instability With a tenant stability score of 62/100, there's a significant risk of tenant turnover, which may lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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