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.
1-bedroom, 1-bathroom apartment of 100 m², built in 2008, energy rating C. Located on rua da Corcovada, 33P2, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This property features a versatile '+1' space that can serve as an office or guest room, along with two dedicated parking spots in a prime location.
The valuation. The asking price of €395,000 sits €56,489 (14.3%) above the fair value of €338,511, which indicates that the property is overpriced. This discrepancy suggests limited potential for immediate investment returns. Buy-to-flip angle. A buy-to-flip strategy may yield difficulties given the purchase price's elevation, as significant resale profits would be challenging to secure. A focused renovation budget may not equate to expected market returns. Buy-to-let angle. Considering a buy-to-let approach, the estimated rental income of €1,086/month results in a gross yield of just 3.3%, indicating modest cash flow potential. The vacation rental market could provide better returns during peak tourist seasons in the region.
Fair value modelled at €338,511 from the area baseline, adjusted for condition and location. Asking €395,000 sits €56,489 (14.3%) above — overpriced versus fair value.
Asking €395,000 versus the rua da Corcovada, 33P2 area baseline of €345,000 (€3,450/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 74 · Materials 80 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 77/100 (Housing Market 80 · Amenities 75 · Economic 75 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua da Corcovada, 33P2
Area baseline €345,000 + condition +€2,344 + location +€32,767 = modelled fair value of €338,511 (€3,385/m²), a €56,489 (14.3%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Corcovada, 33P2 | Subject | €395,000 | €3,950 | — | 74 | 77 |
| Albufeira e Olhos de Água · 4ba915 | Active | €255,000 | €3,355 | 15.1% | 72 | 74 |
| Albufeira e Olhos de Água · 4a7eb3 | Active | €265,000 | €3,897 | 1.3% | 74 | 75 |
| rua Vitorino Nemésio | Active | €255,000 | €3,643 | 7.8% | 70 | 75 |
| Albufeira e Olhos de Água · 65a7e8 | Active | €395,000 | €3,527 | 10.7% | 80 | 71 |
| Median comp | €260,000 | €3,585 | 9.2% | 73 | 75 |
Short-term vacation rental The property’s current listing price of €395,000 is 14.3% higher than its fair value, indicating it is overpriced for short-term rental markets where average yields are around 3.3%. Given the property's proximity to tourist attractions, its rental potential may be compromised by the elevated price point, making it a less appealing investment. Long-term rental With a gross yield of 3.3% and the property being priced at €395,000, it is evident that the investment is overpriced compared to the fair value of €338,511. Despite a decent condition rating of 77/100, the financial metrics do not support a long-term rental strategy effectively given the high entry cost. Buy-and-hold The buy-and-hold strategy is undermined by the property’s overpriced nature, currently listed at €395,000 against a fair value of €338,511, reflecting a significant affordability gap. While the neighbourhood enjoys a stable demand, the high price tag limits potential appreciation and return on investment for long-term holdings.
Potential Economic Decline The economic stability score of 75 indicates a moderate risk of economic downturn, which could impact tenant demand and rental income stability.
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