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 75 m², built in 2005, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment features direct outdoor access from the social area to a spacious terrace and balcony, offering both sea views and versatile entertainment options. Condition: The property is in excellent condition with recent kitchen updates and generous room sizes.
The valuation. The asking price of €369,000 exceeds the fair value of €248,774 by €120,226 (32.6%), indicating that the property is overpriced.
Fair value modelled at €248,774 from the area baseline, adjusted for condition and location. Asking €369,000 sits €120,226 (32.6%) above — overpriced versus fair value.
Asking €369,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €258,750 (€3,450/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 72 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 71/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Albufeira e Olhos de Água, Albufeira, Faro
Area baseline €258,750 + condition +€2,109 + location +€19,114 = modelled fair value of €248,774 (€3,317/m²), a €120,226 (32.6%) gap versus the €369,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · bf27cf | Subject | €369,000 | €4,920 | — | 72 | 71 |
| Albufeira e Olhos de Água · 0016df | Active | €314,000 | €5,065 | 2.9% | 80 | 71 |
| Albufeira e Olhos de Água · 99f3f5 | Active | €275,000 | €4,167 | 15.3% | 75 | 70 |
| Albufeira e Olhos de Água · ac9818 | Active | €350,000 | €5,932 | 20.6% | 75 | 71 |
| rua Vale Mangude, 3 | Active | €279,000 | €3,930 | 20.1% | 78 | 70 |
| Median comp | €296,500 | €4,616 | 6.2% | 77 | 71 |
Long-term rental The 1-bed apartment in Albufeira e Olhos de Água, priced at €369,000, exceeds its fair market value by 32.6%, indicating it may not attract long-term tenants effectively. With a gross yield of only 3.3%, the financial return does not justify the high price tag in this competitive rental market. Short-term vacation rental Although the Algarve region attracts tourists, the apartment's price of €369,000 is 32.6% above its fair value, potentially limiting profitability in the short-term rental market. Given the gross yield of 3.3%, it is challenging to achieve strong rental returns that are typically expected from vacation properties in this area. Family rental For family renters, the 1-bed apartment may not be an appealing choice at €369,000, particularly as it sits 32.6% above fair value. The modest gross yield of 3.3% suggests that the investment does not offer attractive financial incentives for families looking to rent in Albufeira e Olhos de Água.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk due to potential fluctuations that could affect property value and rental income.
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