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, 3-bathroom apartment of 132 m², built in 2010, energy rating B. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Property Highlight: This apartment features a large 55 m² private patio ideal for al fresco dining and is part of a small, serene condominium with only 3 apartments and 5 villas. Location Advantage: Enjoy tranquil living in a predominantly residential area of Patroves with easy access to pristine beaches. Renovation Features: Recently renovated kitchen and bathrooms include modern granite countertops and stainless steel appliances, enhancing both functionality and aesthetic appeal.
The valuation. The asking price of €445,000 is €41,720 (10.3%) above the fair value of €403,280, indicating that the property is fairly priced for buyers looking for a well-conditioned home. Buy-to-flip angle. The buy-to-flip strategy would rely on the potential for a resale at a premium due to the recent renovations and desirable tourist location, targeting buyers willing to pay for quality. Buy-to-let angle. With the option for short-term vacation rentals, this property holds potential for steady bookings within the popular Algarve region, ideally suited for seasonal rental income.
Fair value modelled at €403,280 from 6 comparable sales in the area. Asking €445,000 sits €41,720 (10.3%) above — overpriced versus fair value.
Asking €445,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €294,787 (€2,233/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €294,787, adjusted for condition and micro-location, gives a modelled fair value of €403,280 (€3,055/m²), a €41,720 (10.3%) gap versus the €445,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · e54c35 | Subject | €445,000 | €3,371 | — | 80 | 64 |
| Guia · ba3a52 | Active | €695,000 | €3,407 | 1.1% | 80 | 70 |
| Albufeira e Olhos de Água · d1dce2 | Active | €480,000 | €2,909 | 13.7% | 72 | 73 |
| Albufeira e Olhos de Água · 99f1b3 | Active | €475,000 | €2,714 | 19.5% | 75 | 72 |
| rua José Ramos Pimenta S / N | Active | €625,000 | €1,771 | 47.5% | 72 | 67 |
| Median comp | €552,500 | €2,812 | 16.6% | 74 | 71 |
Short-term vacation rental Despite the attractive location in Albufeira, the property has a 0% gross yield and is priced 10.3% above its fair value, indicating it may not deliver expected returns in the short-term rental market. A seasonal reliance on tourism could limit consistent occupancy rates, further detracting from its viability. Buy-and-hold Considering the property is fairly valued but has little to no gross yield, it may not present an ideal long-term buy-and-hold opportunity. The neighborhood's moderate tenant quality and seasonal economic influence could pose risks to long-term appreciation. Long-term rental While the property is positioned well in a tourist area, its fair valuation coupled with a 0% yield signals potential challenges for long-term rental performance. The uneven demand driven by tourism seasons could result in extended vacancy periods, affecting overall cash flow.
Economic Downturn Risk With an economic stability score of 55/100, there is a heightened risk of adverse market conditions affecting property value and tenant retention.
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