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 penthouse of 263 m² on the 2nd floor, built in 2022, energy rating A. Located on beco da Correeira, 200, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This penthouse boasts a stunning 50m² terrace with a jacuzzi, providing breathtaking sunset views over Albufeira, perfect for relaxation and entertaining.**
The valuation. The asking price of €849,000 is above the fair value of €779,892 by €69,108 (8.9%). The property is valued at a fair price considering its attractive features and location.
Fair value modelled at €779,892 from 5 comparable sales in the area. Asking €849,000 sits €69,108 (8.9%) above — overpriced versus fair value.
Asking €849,000 versus the beco da Correeira, 200 area baseline of €522,635 (€1,987/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 86/100 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 €522,635, adjusted for condition and micro-location, gives a modelled fair value of €779,892 (€2,965/m²), a €69,108 (8.9%) gap versus the €849,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| beco da Correeira, 200 | Subject | €849,000 | €3,228 | — | 94 | 70 |
| Albufeira e Olhos de Água · 28b759 | Active | €699,000 | €2,514 | 22.1% | 82 | 70 |
| rua Joaquim Magalhães S / N | Active | €685,000 | €2,965 | 8.1% | 82 | 77 |
| Albufeira e Olhos de Água · 57fc5c | Active | €790,000 | €3,098 | 4.0% | 80 | 80 |
| Albufeira e Olhos de Água · 001855 | Active | €655,000 | €3,722 | 15.3% | 78 | 65 |
| Median comp | €692,000 | €3,032 | 6.1% | 81 | 74 |
Short-term vacation rental The property's gross yield of 2.9% reflects its potential for generating income in a tourism-driven market. However, with a fair value of €779,892 compared to the listing price of €849,000, the investment is fairly priced for its short-term rental opportunity. Buy-and-hold Given the fair valuation, this penthouse stands as a stable investment for long-term appreciation in Albufeira, a location benefiting from strong tourism. The current listing price aligns with its fair value, suggesting that while not a bargain, it holds potential for future equity growth. Family rental With a commendable condition rating of 86/100, the penthouse may attract families looking for a comfortable long-term residence in a desirable area. At the listing price, the property is fairly priced, making it a suitable option for family rentals without presenting particular advantages in capital appreciation potential.
Economic Downturn Risk With an economic stability score of 60/100, there is a significant risk that a downturn could impact property values and rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
