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 111 m² on the 1st floor, built in 1995, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment is strategically located just 200 meters from the Lake House restaurant and pool, offering convenient access to leisure amenities within the resort.
The valuation. The asking price of €410,000 sits €10,400 (2.6%) above the fair value of €399,600, reflecting a market consensus that positions this property at a justifiable price level. Buy-to-flip angle. A buy-to-flip strategy could leverage Albufeira's tourism boom, with potential upgrades to enhance the property’s appeal, targeting a profitable resale within the short-term vacation rental market. Buy-to-let angle. With an estimated rental income of €1,093 per month, this property offers a gross yield of 3.2%, making it a suitable option for long-term holding within the thriving rental market of Algarve.
Fair value modelled at €399,600 from 5 comparable sales in the area. Asking €410,000 sits €10,400 (2.6%) above — overpriced versus fair value.
Asking €410,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €341,628 (€3,078/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €341,628, adjusted for condition and micro-location, gives a modelled fair value of €399,600 (€3,600/m²), a €10,400 (2.6%) gap versus the €410,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 76b348 | Subject | €410,000 | €3,694 | — | 68 | 72 |
| Albufeira e Olhos de Água · 829030 | Active | €450,000 | €3,600 | 2.5% | 70 | 66 |
| estrada de Albufeira, 30 | Active | €305,000 | €3,547 | 4.0% | 80 | 73 |
| Albufeira e Olhos de Água · 03254d | Active | €450,000 | €3,913 | 5.9% | 70 | 72 |
| rua Balaia Golf Village, 137 | Active | €445,000 | €3,904 | 5.7% | 72 | 71 |
| Median comp | €447,500 | €3,752 | 1.6% | 71 | 72 |
Short-term vacation rental This property in Albufeira e Olhos de Água presents a gross yield of 3.2%, which aligns with the typical returns expected in the Algarve's thriving tourism market. However, with a gap of only 2.6% from its fair value of €399,600, it may not present a strong investment opportunity compared to other potential vacation rentals. Buy-and-hold While the property is rated 72/100 in condition and neighbourhood, indicating decent livability, the fair valuation suggests it is fairly priced at €410,000. Investors should be cautious, as the limited yield of 3.2% may not justify the holding costs over time. Family rental With Albufeira being a popular family holiday destination, this property could appeal to long-term family tenants; nevertheless, its current valuation reflects a fair price and a limited return of 3.2%. Renters may seek better value in an otherwise competitive market, where the gap to fair value is only 2.6%.
Economic Volatility Risk A score of 65/100 in economic stability indicates potential fluctuations in economic conditions that may affect property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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