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.
3-bedroom, 2-bathroom house of 130 m², built in 1998, energy rating D. Located on rua Quinta da Balaia, 29, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This property features a modern saltwater swimming pool equipped with a heat pump and a Jacuzzi with chromotherapy, enhancing outdoor relaxation and entertainment options.
The valuation. The asking price of €998,000 sits significantly above the fair value of €595,550, creating a gap of €402,450 or 67.6%. This property is considered overpriced and does not represent a sound investment opportunity.
Fair value modelled at €595,550 from 6 comparable sales in the area. Asking €998,000 sits €402,450 (67.6%) above — overpriced versus fair value.
Asking €998,000 versus the rua Quinta da Balaia, 29 area baseline of €502,396 (€3,865/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €502,396, adjusted for condition and micro-location, gives a modelled fair value of €595,550 (€4,581/m²), a €402,450 (67.6%) gap versus the €998,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Quinta da Balaia, 29 | Subject | €998,000 | €7,677 | — | 75 | 68 |
| rua Balaia Golf Village, 34 | Active | €875,000 | €4,581 | 40.3% | 76 | 72 |
| Albufeira e Olhos de Água · 83163b | Active | €875,000 | €4,581 | 40.3% | 75 | 70 |
| Albufeira e Olhos de Água · 57f98a | Active | €875,000 | €4,581 | 40.3% | 75 | 60 |
| Albufeira e Olhos de Água · 653048 | Active | €1,150,000 | €6,805 | 11.4% | 81 | 70 |
| Median comp | €875,000 | €4,581 | 40.3% | 76 | 70 |
Short-term vacation rental The property's high listing price of €998,000 compared to a fair value of €595,550 indicates that it is overpriced, which may limit profitability in the short-term vacation rental market. Additionally, with a gross yield of only 2.3% in a location reliant on seasonal tourism, the financial return is not favorable for this investment strategy. Long-term rental At a listing price of €998,000, the property significantly exceeds its fair value of €595,550, making it overpriced for the long-term rental market. With the current gross yield of 2.3%, investors are unlikely to achieve a satisfactory return on investment over the long term. Buy-and-hold Given the property is listed at €998,000 and is priced well above its fair value of €595,550, this house is overpriced for a buy-and-hold strategy. The lower tenant quality in the neighborhood impacts potential appreciation, further discouraging investment in a property with an already unsatisfactory yield of 2.3%.
Economic Instability Risk With an economic stability score of 55/100, the property may face challenges in attracting reliable tenants, potentially leading to higher vacancy rates and decreased 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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