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, 1-bathroom apartment of 83 m² on the 1st floor, built in 1980, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment's versatile attic space, with sloped ceilings and laminate flooring, offers unique potential for customization, enhancing its appeal beyond traditional layouts.
The asking price is slightly below fair value, indicating a minor opportunity for investment; the gap between the fair value and the asking price is €4,000, representing a 1.5% upside. The estimated gross yield stands at 5%, providing context for the potential income from this property.
The fair value of this property is determined using a Transaction model and an Adjusted asking-price model. The Transaction model relies on 338 recorded sales in Albufeira e Olhos de Água, contributing 55% to the final assessment. The Adjusted asking-price model considers current listings and constitutes 45% of the blend. For this property, no conservative adjustments were applied. The result indicates that the asking price is in line with the fair value, showing a €4,000 gap with a 1.5% upside, reflecting high confidence in this valuation.
Gross yield 5% (before costs)
No specific strategy stands out for this property.
Negotiation room: Negotiation context: asking prices in this municipality run about 15% above what similar homes actually sell for, so there is usually room to negotiate
The asking price of €280,000 is slightly below the fair value of €284,000, indicating a limited potential for appreciation at 1.5%. Evaluating the condition, rated at 67/100, along with a neighbourhood rating of 70/100, suggests there may be future investment needed to enhance the property’s overall appeal. Additionally, its location in Albufeira e Olhos de Água provides access to Algarve's amenities and tourism drivers, which could be a factor in long-term value stability.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk With both the economic stability score and tenant stability score at 65/100, the property may face challenges in attracting and retaining tenants, which could negatively impact rental income and occupancy rates.
Grade AFindings: 0
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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