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, 2-bathroom apartment of 66 m², built in 1996. Located on rua dos Bares, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This property features a versatile closed balcony perfect for enjoying the sun while overlooking the well-maintained green areas and swimming pool of the Oura Estrela Condominium.
The valuation. The asking price of €275,000 is significantly above the fair value of €220,523, creating an overpricing of €54,477, which represents 19.8% over the fair market rate.
Fair value modelled at €220,523 from the area baseline, adjusted for condition and location. Asking €275,000 sits €54,477 (19.8%) above — overpriced versus fair value.
Asking €275,000 versus the rua dos Bares 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 74 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua dos Bares
Area baseline €200,244 + condition +€1,856 + location +€18,422 = modelled fair value of €220,523 (€3,341/m²), a €54,477 (19.8%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Bares | Subject | €275,000 | €4,167 | — | 74 | 73 |
| Albufeira e Olhos de Água · 4a7d65 | Active | €260,000 | €4,727 | 13.5% | 72 | 75 |
| rua Vale Mangude, 3 | Active | €279,000 | €3,930 | 5.7% | 78 | 70 |
| Albufeira e Olhos de Água · 0016df | Active | €314,000 | €5,065 | 21.5% | 80 | 71 |
| Albufeira e Olhos de Água · bf27cf | Active | €369,000 | €4,920 | 18.1% | 72 | 71 |
| Median comp | €296,500 | €4,824 | 15.8% | 75 | 71 |
Short-term vacation rental The property is overpriced at €275,000 compared to the fair value of €220,523, which presents a 19.8% gap. With a gross yield of only 3.9%, the investment may struggle to generate adequate returns in a competitive market driven by tourism. Family rental While the location benefits from proximity to the Algarve coast, the current listing price significantly exceeds its fair value, making it a less appealing option for family rentals. The neighborhood rating of 73/100 suggests decent tenant quality, but the expected returns do not justify the investment. Buy-and-hold At €275,000, this property is overpriced relative to its fair value of €220,523, leading to concerns about long-term appreciation. The 3.9% gross yield indicates that it may not meet the necessary performance metrics for successful buy-and-hold strategies in this neighborhood. Not ideal for Given the property’s overpriced status and low yield, it's unsuitable for student housing, industrial investment, or the luxury market where higher returns are typically sought.
Tenant Turnover Risk High tenant turnover could occur due to a tenant stability score of 70/100, indicating a moderate risk of vacancies and decreased rental income.
