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 136 m² on the 1st floor, built in 1992, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment boasts a large balcony perfect for outdoor relaxation, and a high-end kitchen featuring premium black granite surfaces that enhance its modern aesthetic.
The valuation. The asking price of €449,000 sits €24,557 (5.8%) above the fair value of €424,443, indicating a fair valuation. This positioning reflects a competitive market, suggesting the asset aligns closely with its assessed worth.
Fair value modelled at €424,443 from 6 comparable sales in the area. Asking €449,000 sits €24,557 (5.8%) above — overpriced versus fair value.
Asking €449,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €331,791 (€2,440/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 €331,791, adjusted for condition and micro-location, gives a modelled fair value of €424,443 (€3,121/m²), a €24,557 (5.8%) gap versus the €449,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 76b461 | Subject | €449,000 | €3,301 | — | 72 | 75 |
| rua Fernão de Magalhães | Active | €449,000 | €2,212 | 33.0% | 78 | 68 |
| Albufeira e Olhos de Água · 6f4083 | Active | €299,000 | €3,518 | 6.5% | 68 | 78 |
| estrada de Vale de Pedras, 101 | Active | €365,000 | €2,992 | 9.4% | 72 | 71 |
| Albufeira e Olhos de Água · 4a800f | Active | €299,000 | €3,250 | 1.6% | 73 | 73 |
| Median comp | €332,000 | €3,121 | 5.5% | 73 | 72 |
Short-term vacation rental The 2-bed apartment in Albufeira e Olhos de Água presents a yield of 4.3%, reflecting its potential appeal for short-term vacation rentals in a highly touristic region. However, with a fair value gap of just 5.8%, the investment may not capitalize fully on the location's tourist demand. Long-term rental This property could secure consistent income as a long-term rental given the stability of the Algarve's tourism-driven economy and favorable amenities. The fair valuation suggests that investors should weigh potential rental income against a competitive housing market without significant room for appreciation. Buy-and-hold Holding this property for future appreciation in a solid neighborhood allows investors to benefit from Albufeira's enduring appeal, though current pricing is aligned with fair market values. While not drastically overvalued, its current price does limit immediate upside potential in the buy-and-hold strategy.
Tenant turnover risk A tenant stability score of 70/100 indicates a moderate risk of tenant turnover, which can lead to increased vacancy rates and loss of rental income if tenants do not renew their leases.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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