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 66 m², built in 1989, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment features a covered south-facing balcony that offers a peaceful view of the garden and condominium pool, enhancing outdoor living and relaxation.
The valuation. The asking price of €275,000 is significantly above the fair value of €218,326, resulting in an overpriced scenario by €56,674 (20.6%). This discrepancy suggests caution for potential investors. Buy-to-flip angle. A buy-to-flip strategy may struggle due to the inflated purchase price; potential profits would need to come from a well-timed resale in a high-demand market. Buy-to-let angle. With a gross yield of 4.2% and estimated rental income of €962/month, the property could offer steady cash flow, though rental income potential should align with regional tourism trends.
Fair value modelled at €218,326 from the area baseline, adjusted for condition and location. Asking €275,000 sits €56,674 (20.6%) above — overpriced versus fair value.
Asking €275,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €200,244 (€3,034/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 75 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 80 · Amenities 70 · Economic 55 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Albufeira e Olhos de Água, Albufeira, Faro
Area baseline €200,244 + condition +€2,063 + location +€16,020 = modelled fair value of €218,326 (€3,308/m²), a €56,674 (20.6%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 99f3f5 | Subject | €275,000 | €4,167 | — | 75 | 70 |
| rua Vale Mangude, 3 | Active | €279,000 | €3,930 | 5.7% | 78 | 70 |
| Albufeira e Olhos de Água · bf27cf | Active | €369,000 | €4,920 | 18.1% | 72 | 71 |
| rua dos Mares | Active | €250,000 | €3,731 | 10.4% | 75 | 73 |
| beco José Ramos Pimenta S / N | Active | €188,000 | €4,087 | 1.9% | 82 | 62 |
| Median comp | €264,500 | €4,009 | 3.8% | 77 | 71 |
Short-term vacation rental The 1-bed apartment in Albufeira e Olhos de Água is overpriced at €275,000 against its fair value of €218,326, leaving a significant gap of 20.6%. Given the gross yield of 4.2%, potential income does not justify this elevated price, especially in a market influenced heavily by tourism. Buy-and-hold Investing in this property as a buy-and-hold strategy is not financially sound, as it is currently priced 20.6% above its fair value of €218,326. The reasonably good condition score of 77/100 does not compensate for the overpricing, limiting long-term profitability in a tourism-dependent economy. Long-term rental With a gross yield of 4.2% and a significant gap of 20.6% from the fair value, this investment in a long-term rental context may not provide satisfactory returns. The apartment's pricing at €275,000 does not align with rental demand trends in Albufeira's tourism-centric neighborhood, suggesting limited investment appeal.
Economic Vulnerability With an economic stability score of 55/100, there is a significant risk of economic downturns affecting property values and tenant demand.
