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 86 m², built in 1988, energy rating C. Located on rua Adriano Correia de Oliveira, 216, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Property Features: The apartment features a private yard with a view and direct access to the condominium pool, enhancing outdoor living and leisure options for residents.
The valuation. The asking price of €399,000 sits €36,565 below the fair value of €435,565, or 8.4%, indicating that the property is fairly priced.
Fair value modelled at €435,565 from 6 comparable sales in the area. Asking €399,000 sits €36,565 (8.4%) below — the upside to fair value.
Asking €399,000 versus the rua Adriano Correia de Oliveira, 216 area baseline of €369,084 (€4,292/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €369,084, adjusted for condition and micro-location, gives a modelled fair value of €435,565 (€5,065/m²), a €36,565 (8.4%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Adriano Correia de Oliveira, 216 | Subject | €399,000 | €4,640 | — | 83 | 71 |
| Albufeira e Olhos de Água · 834106 | Active | €845,000 | €8,895 | 91.7% | 82 | 80 |
| estrada de Santa Eulália, 3 | Active | €265,000 | €5,196 | 12.0% | 75 | 63 |
| Albufeira e Olhos de Água · 53cc92 | Active | €305,000 | €4,485 | 3.3% | 75 | 71 |
| rua Samora Barros, 17 | Active | €499,000 | €4,664 | 0.5% | 80 | 73 |
| Median comp | €402,000 | €4,930 | 6.3% | 78 | 72 |
Short-term vacation rental\nThe property is fairly priced at €399,000, just 8.4% below its fair value of €435,565, making it a reasonable investment for a short-term vacation rental given the tourism-driven demand in Albufeira. The gross yield of 3.4% indicates moderate returns, aligning with the neighbourhood's appealing tourist-centric characteristics.\n\nLong-term rental\nWith a fair valuation at €399,000, this apartment offers a steady investment opportunity for long-term rentals due to its proximity to the Algarve coastline and decent neighborhood ratings. The gross yield of 3.4% reflects acceptable rental returns based on property condition and local tenant quality, albeit it may not be the highest yield on the market.\n\nBuy-and-hold\nThis apartment holds appeal for buy-and-hold strategies; priced at €399,000, it sits 8.4% below fair value, offering potential for appreciation over time in a desirable area. The overall condition rating of 80/100 supports the decision to maintain this investment, given the strong tourist interest and established market in Albufeira.
Average Economic and Tenant Stability Risk The economic stability score of 65/100 combined with a tenant stability score of 65/100 indicates a moderate risk, suggesting potential volatility in rental income due to economic fluctuations and less secure tenant retention.
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