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 70 m², energy rating C. Located on rua Vitorino Nemésio, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment includes direct access to a south-facing balcony with sea views and is sold fully furnished for immediate use or rental. Additional Amenities: The well-maintained common areas feature a private pool, children's park, and barbecue area.
The valuation. The asking price of €255,000 sits €23,023 (9.0%) above the fair value of €231,977, indicating that the property is overpriced. This discrepancy suggests a premium that may not be justifiable given current market conditions.
Fair value modelled at €231,977 from the area baseline, adjusted for condition and location. Asking €255,000 sits €23,023 (9.0%) above — overpriced versus fair value.
Asking €255,000 versus the rua Vitorino Nemésio area baseline of €241,500 (€3,450/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 70 · Materials 80 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 80 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Vitorino Nemésio
Area baseline €241,500 + condition -€1,641 + location +€21,238 = modelled fair value of €231,977 (€3,314/m²), a €23,023 (9.0%) gap versus the €255,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vitorino Nemésio | Subject | €255,000 | €3,643 | — | 70 | 75 |
| Albufeira e Olhos de Água · 4ba915 | Active | €255,000 | €3,355 | 7.9% | 72 | 74 |
| Albufeira e Olhos de Água · 4baae3 | Active | €255,000 | €3,923 | 7.7% | 76 | 63 |
| Albufeira e Olhos de Água · 6f422a | Active | €255,000 | €3,312 | 9.1% | 65 | 70 |
| rua da Corcovada, 33P2 | Active | €395,000 | €3,950 | 8.4% | 74 | 77 |
| Median comp | €255,000 | €3,639 | 0.1% | 73 | 72 |
Short-term vacation rental The property in Albufeira, priced at €255,000, is not ideal for short-term vacation rental due to its 9.0% gap against fair value, suggesting it is overpriced. With a gross yield of 4%, the investment may struggle to meet the performance expectations of this lucrative market segment. Long-term rental Given its fair value of €231,977, the apartment is overpriced at €255,000, which could limit potential returns for long-term rental strategies. The 4% gross yield, although reasonable, does not justify the elevated price point in an environment that should offer value for rental stability. Buy-and-hold With the current asking price at €255,000, the property is overpriced compared to its fair value, indicating minimal room for appreciation in the buy-and-hold strategy. The existing gross yield of 4% is not enticing enough to offset the risks associated with a higher acquisition cost in a competitive market. Not ideal for: Student housing, Value-add renovation, Luxury market
Economic Vulnerability With an economic stability score of 65/100, there is a significant risk of fluctuations in local economic conditions that could impact rental income and property value.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Login Required
Please log in or create an account to access this page.
No posts yet for this property.
