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 120 m², energy rating A. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Unique feature: The apartment boasts a 43m² terrace equipped with a stone barbecue, perfect for entertaining, along with high ceilings that enhance the spacious feel of the living area.
The valuation. The asking price of €383,000 is €19,685 (5.4%) above the fair value of €363,315, which indicates a fair pricing strategy for this apartment. The property is positioned well within the current market conditions.
Fair value modelled at €363,315 from 6 comparable sales in the area. Asking €383,000 sits €19,685 (5.4%) above — overpriced versus fair value.
Asking €383,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €301,783 (€2,515/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 €301,783, adjusted for condition and micro-location, gives a modelled fair value of €363,315 (€3,028/m²), a €19,685 (5.4%) gap versus the €383,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · c121f8 | Subject | €383,000 | €3,192 | — | 68 | 62 |
| rua Joaquim Magalhães S / N | Active | €685,000 | €2,965 | 7.1% | 82 | 77 |
| Albufeira e Olhos de Água · e834e2 | Active | €370,000 | €2,937 | 8.0% | 75 | 73 |
| Albufeira e Olhos de Água · 001855 | Active | €655,000 | €3,722 | 16.6% | 78 | 65 |
| largo das Ilhas | Active | €549,000 | €4,037 | 26.5% | 74 | 76 |
| Median comp | €602,000 | €3,344 | 4.8% | 77 | 75 |
Long-term rental This property’s yield of 2.9% gross indicates a moderate return on investment, suggesting that while it remains a viable rental option, it does not present an exceptional opportunity for long-term income generation. Additionally, the fair value of €363,315 is only 5.4% below the listing price of €383,000, indicating a risk of limited capital appreciation in a balanced market. Short-term vacation rental The touristic influence in Albufeira e Olhos de Água can drive demand for short-term rentals, but with a fair value of €363,315 against a listing price of €383,000, the potential for significant cash flow is somewhat constrained. The current market conditions and the apartment's condition score of 72/100 imply that while the property is suitable for seasonal rentals, the pricing does not particularly favor investors at this time.
Economic Vulnerability The economic stability score of 50 indicates a considerable risk of fluctuations in local economic conditions, which may impact rental income and 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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