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 apartment of 228 m², built in 2000, energy rating C. Located on rua da Pedra dos Bicos, 7, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment boasts high ceilings and decorative blue accents on its exterior facade, enhancing both its charm and spacious atmosphere near the beach.
The valuation. The asking price of €565,000 is positioned €57,895 (11.4%) above the fair value of €507,105, indicating the property is overpriced relative to market expectations. Buy-to-flip angle. A resale strategy would need to account for renovations to enhance appeal, especially given the condition score of 75/100. Buy-to-let angle. The rental income potential is hindered by a gross yield of 0%, making long-term investment less attractive in the current market.
Fair value modelled at €507,105 from 6 comparable sales in the area. Asking €565,000 sits €57,895 (11.4%) above — overpriced versus fair value.
Asking €565,000 versus the rua da Pedra dos Bicos, 7 area baseline of €365,760 (€1,604/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €365,760, adjusted for condition and micro-location, gives a modelled fair value of €507,105 (€2,224/m²), a €57,895 (11.4%) gap versus the €565,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Pedra dos Bicos, 7 | Subject | €565,000 | €2,478 | — | 68 | 66 |
| Albufeira e Olhos de Água · 6a9478 | Active | €639,000 | €1,826 | 26.3% | 71 | 67 |
| avenida da Liberdade, 5 | Active | €525,000 | €3,201 | 29.2% | 72 | 73 |
| Albufeira e Olhos de Água · 788136 | Active | €419,000 | €2,054 | 17.1% | 78 | 71 |
| Albufeira e Olhos de Água · 6eb9d4 | Active | €350,000 | €1,786 | 27.9% | 68 | 67 |
| Median comp | €472,000 | €1,940 | 21.7% | 72 | 69 |
Short-term vacation rental This property may not be suitable for short-term vacation rental given its 0% gross yield and the 11.4% gap versus fair value, which suggests it is overpriced. Additionally, the neighborhood's amenities and tenant quality ratings of 66/100 further limit its appeal for this strategy. Buy-and-hold Adopting a buy-and-hold strategy is not advisable due to the property's pricing, which is 11.4% above fair value, leading to potential losses on capital appreciation. Furthermore, with a condition score of 75/100 and a yield of 0%, the property does not present a compelling investment opportunity for long-term holding. Long-term rental The property is not ideal for a long-term rental strategy as its pricing exceeds fair value, reflecting an 11.4% premium that may deter prospective tenants. Combined with a gross yield of 0% and a moderately rated neighborhood, the investment may struggle to generate sustainable rental income.
Economic and Tenant Instability With both economic stability and tenant stability scores at 65/100, there is a significant risk that fluctuations in the market could lead to increased vacancy rates and reduced rental income.
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