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 64 m², built in 1997, energy rating C. Located on rua dos Pardais, 4, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Feature: This apartment, within the prestigious Bellavista Tennis Club condominium, has both habitation and local accommodation licenses, offering immediate potential for tourist rentals and investment. Location Advantage: Situated in a prime area of Albufeira, it’s mere minutes from the stunning Fishermen's Beach and vibrant historic center.
The valuation. The asking price of €350,000 is significantly above the fair value of €201,410, representing an overpricing of €148,590 (42.5%). This property is considered overpriced in the current market. Buy-to-flip angle. A buy-to-flip strategy would require additional investment for renovations to enhance appeal, aiming to resell in a booming market segment, targeting vacationers. Buy-to-let angle. The estimated rental income of €933 per month translates to a gross yield of 3.2%, appealing for long-term family rentals or vacation stays in a tourist-heavy region.
Fair value modelled at €201,410 from the area baseline, adjusted for condition and location. Asking €350,000 sits €148,590 (42.5%) above — overpriced versus fair value.
Asking €350,000 versus the rua dos Pardais, 4 area baseline of €220,800 (€3,450/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 70 · Materials 65 · Room dimensions 66). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 75 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua dos Pardais, 4
Area baseline €220,800 + condition -€8,300 + location +€15,534 = modelled fair value of €201,410 (€3,147/m²), a €148,590 (42.5%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Pardais, 4 | Subject | €350,000 | €5,469 | — | 70 | 70 |
| Albufeira e Olhos de Água · ba5a7b | Active | €250,000 | €3,906 | 28.6% | 70 | 70 |
| rua dos Mares | Active | €250,000 | €3,731 | 31.8% | 75 | 73 |
| rua do Atlântico, 33A | Active | €285,000 | €4,524 | 17.3% | 68 | 73 |
| Albufeira e Olhos de Água · de0b7a | Active | €370,000 | €5,286 | 3.3% | — | 76 |
| Median comp | €267,500 | €4,215 | 22.9% | 70 | 73 |
Short-term vacation rental This property is not an attractive option for short-term vacation rentals given its 3.2% gross yield, which falls below the expected return levels for this strategy. Additionally, with a significant gap of 42.5% from fair value, the investment lacks the necessary margin for a profitable vacation rental business. Buy-and-hold Investing in this one-bedroom apartment for a buy-and-hold strategy is unwise due to its overpriced nature, with fair value indicating a potential loss against current market listing. The limited yield of 3.2% combined with a concerning 67/100 condition score fails to justify holding this asset long-term. Family rental This property is not suitable for family rental investment as it is overpriced and offers a gross yield of only 3.2%, which does not meet the financial expectations for long-term commitments. Furthermore, the neighborhood rating of 70/100 does not sufficiently enhance the appeal of this investment, limiting tenant desirability and stability.
Economic Volatility Risk The economic stability score of 60/100 indicates potential fluctuations in market conditions that could impact rental income and property value.
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