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 81 m² on the 2nd floor, built in 1983, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment boasts a prime location on a main street in Olhos de Água, ideal for immediate access to local amenities and vibrant village life. Investment Potential: Excellent appreciation potential in a sought-after Algarve destination. Energy Rating: C.
The valuation. The asking price of €305,000 sits below the fair value of €326,132 by €21,132 (6.5%). This valuation reflects a fair opportunity for prospective buyers.
Fair value modelled at €326,132 from 6 comparable sales in the area. Asking €305,000 sits €21,132 (6.5%) below — the upside to fair value.
Asking €305,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €264,790 (€3,269/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 €264,790, adjusted for condition and micro-location, gives a modelled fair value of €326,132 (€4,026/m²), a €21,132 (6.5%) gap versus the €305,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 53cbb8 | Subject | €305,000 | €3,765 | — | 72 | 72 |
| Albufeira e Olhos de Água · f5eafd | Active | €280,000 | €4,000 | 6.2% | 75 | 62 |
| Albufeira e Olhos de Água · e8351f | Active | €450,000 | €3,488 | 7.4% | 72 | 72 |
| Albufeira e Olhos de Água · 5b86c2 | Active | €385,000 | €4,053 | 7.6% | 76 | 64 |
| Albufeira e Olhos de Água · fe6418 | Active | €340,000 | €3,091 | 17.9% | 68 | 70 |
| Median comp | €362,500 | €3,744 | 0.6% | 74 | 67 |
Short-term vacation rental Given the property is located in a tourist-heavy area in Albufeira and has a fair value gap of 6.5%, this investment presents a reasonable opportunity for seasonal vacation rentals, especially with a gross yield of 3.9%. However, the reliance on seasonal tourism may introduce fluctuations in rental income, which should be considered. Long-term rental With a fair condition rating of 76/100 and a neighborhood rating of 72/100, this property may cater to long-term tenants seeking stability in Albufeira. Nevertheless, its yield of 3.9% suggests the returns may align with market standards, rather than presenting a compelling opportunity. Family rental This property could appeal to families looking for stable housing in close proximity to amenities and attractions, taking advantage of the 3.9% gross yield. However, the current valuation near its fair value implies limited upside potential for this strategy in a competitive rental market. Not ideal for student housing The property's location and characteristics do not align with typical student housing demands, limiting its appeal in this segment of the market. Consequently, potential investors should steer clear of this strategy. Not ideal for luxury market Given the average condition and neighborhood ratings, this property does not meet the benchmarks typically sought after in the luxury market. As a result, pursuing this strategy could lead to misalignment with investor expectations.
Tenant turnover risk There is a potential risk of increased tenant turnover due to the economic stability score of 65/100, which may lead to instability in rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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