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 penthouse of 239 m² on the 4th floor, built in 2019, energy rating A. Located on rua Leonardo Coimbra, 4, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The property boasts a private rooftop access with a jacuzzi and a closed pergola, providing an exclusive leisure space with panoramic sea views. Additional Amenities: Two garage parking spaces and a communal swimming pool enhance the living experience.
The valuation. The asking price of €745,000 sits slightly above the fair value estimate of €740,124, making it effectively fair at just €4,876 (0.7%) over. This valuation reflects a sound yet conservative investment opportunity. Buy-to-flip angle. The strategy focuses on enhancing the penthouse's appeal through minor renovations, allowing potential for a quick resale at an estimated market price significantly above the current asking price. This approach capitalizes on the premium quality features and tourist demand in the area. Buy-to-let angle. Given the coastal location, the property presents an excellent opportunity for short-term vacation rentals, although current market conditions reflect a gross yield of 0%. The premium finishes suggest potential for high rental rates targeting affluent tourists.
Fair value modelled at €740,124 from 6 comparable sales in the area. Asking €745,000 sits €4,876 (0.7%) above — overpriced versus fair value.
Asking €745,000 versus the rua Leonardo Coimbra, 4 area baseline of €538,640 (€2,254/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €538,640, adjusted for condition and micro-location, gives a modelled fair value of €740,124 (€3,097/m²), a €4,876 (0.7%) gap versus the €745,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Leonardo Coimbra, 4 | Subject | €745,000 | €3,117 | — | 86 | 72 |
| rua Joaquim Magalhães S / N | Active | €685,000 | €2,965 | 4.9% | 82 | 77 |
| beco da Correeira, 200 | Active | €849,000 | €3,228 | 3.6% | 94 | 70 |
| Albufeira e Olhos de Água · 001855 | Active | €655,000 | €3,722 | 19.4% | 78 | 65 |
| Albufeira e Olhos de Água · 28b759 | Active | €699,000 | €2,514 | 19.3% | 82 | 70 |
| Median comp | €692,000 | €3,097 | 0.7% | 82 | 70 |
Short-term vacation rental The property in Albufeira possesses strong potential for short-term vacation rental, positioned in a prime coastal tourist area. However, with a gross yield of 0%, it may not generate immediate financial returns despite its desirable location. Long-term rental While the property is appropriately located for long-term rental prospects due to its proximity to amenities, the rental yield of 0% highlights a lack of cash flow, making it less attractive for investors focused on income. Furthermore, tenant quality in the area may vary, impacting rental stability over time. Buy-and-hold Investing in this property as a buy-and-hold strategy could be justified due to its fair valuation, yet the minimal gap against fair value suggests limited appreciation potential in the near future. The housing condition score of 82 indicates a well-maintained asset, but the neighborhood score of 72 reflects some challenges that may affect long-term value growth.
Moderate Economic Risk The economic stability score of 60/100 indicates potential fluctuations in income or job growth, which could impact tenant retention or rent payments negatively.
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