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 69 m² on the 3rd floor, built in 1984, energy rating C. Located on beco do Forte de São João, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Property Features: This apartment boasts a cozy living room with a fireplace and a terrace that offers stunning sea views, enhancing its appeal just 300 meters from Mónica Isabel Beach.
The valuation. The asking price of €335,000 is slightly above the fair value of €324,427, representing a premium of €10,573 (3.3%). This indicates that the property is fairly priced within the current market conditions.
Fair value modelled at €324,427 from 6 comparable sales in the area. Asking €335,000 sits €10,573 (3.3%) above — overpriced versus fair value.
Asking €335,000 versus the beco do Forte de São João area baseline of €288,908 (€4,187/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €288,908, adjusted for condition and micro-location, gives a modelled fair value of €324,427 (€4,702/m²), a €10,573 (3.3%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| beco do Forte de São João | Subject | €335,000 | €4,855 | — | 72 | 71 |
| Albufeira e Olhos de Água · a80370 | Active | €320,000 | €4,324 | 10.9% | 64 | 70 |
| Albufeira e Olhos de Água · 83151b | Active | €320,000 | €4,324 | 10.9% | 65 | 60 |
| Albufeira e Olhos de Água · a806c2 | Active | €320,000 | €4,324 | 10.9% | 65 | 70 |
| Albufeira e Olhos de Água · 7cabe4 | Active | €345,000 | €5,308 | 9.3% | 72 | 67 |
| Median comp | €320,000 | €4,324 | 10.9% | 65 | 69 |
Short-term vacation rental The property is situated in a tourist-friendly area of Algarve, providing a solid potential for short-term vacation rentals given the local demand. However, with a fair value gap of only 3.3%, the investment might not outperform the competitive vacation rental market. Buy-and-hold Given the gross yield of 4.5% and fair value assessment, this property can generate stable income over time, following the demand trends in the tourism sector. However, as the property is fairly priced, any long-term capital appreciation remains circumstantial and should be monitored closely. Value-add renovation The property has a condition score of 68/100, suggesting possible improvements that could enhance its appeal and rental income potential. Yet, with a fair valuation, substantial renovations may not yield the expected return on investment if the overall property market remains stable. Not ideal for student housing The property does not cater to the unique needs and cost sensitivity of student housing, with its price positioning farther from affordability thresholds for this demographic. The local tourism impact further dilutes potential demand from students, who may rely more on budget-friendly housing options. Not ideal for luxury market Given its fair valuation and neighborhood score of 71/100, the property may not compete effectively in the luxury segment where higher expectations meet greater investment. Local tourism conditions suggest that buyers seeking luxury homes would prioritize more upscale options, making this property less attractive. Not ideal for long-term rental The property’s tourist-centric attributes and fair pricing suggest limited appeal for long-term tenants, who often seek more affordability and stability. Coupled with the local economic dynamics, it becomes clear that this property may not meet the long-term rental market demands effectively.
Economic Dependence Risk The property's economic stability score of 65/100 indicates a moderate risk due to potential fluctuations in the local economy that could impact rental income and property value.
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