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 48 m², built in 1991, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment offers a generous terrace with unobstructed sea views, ideal for outdoor relaxation and entertaining, enhancing its appeal as a holiday or rental property.
The valuation. The asking price of €214,000 is significantly higher than the fair value of €137,130, resulting in an overpricing of €76,870 (35.9%). This indicates the property is overpriced and may need substantial negotiation to align with market expectations.
Fair value modelled at €137,130 from the area baseline, adjusted for condition and location. Asking €214,000 sits €76,870 (35.9%) above — overpriced versus fair value.
Asking €214,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €166,848 (€3,476/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 46/100 (Condition 40 · Materials 50 · Room dimensions 50). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 75 · 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 €166,848 + condition -€21,900 + location +€13,398 = modelled fair value of €137,130 (€2,857/m²), a €76,870 (35.9%) gap versus the €214,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 735506 | Subject | €214,000 | €4,458 | — | 40 | 73 |
| praceta dos Caliços | Active | €240,000 | €3,750 | 15.9% | 45 | 71 |
| avenida Francisco Sá Carneiro, 5 | Active | €270,000 | €5,192 | 16.5% | — | 71 |
| Albufeira e Olhos de Água · cfdeef | Active | €265,000 | €4,141 | 7.1% | 60 | 72 |
| Albufeira e Olhos de Água · 001626 | Active | €270,000 | €4,909 | 10.1% | 68 | 74 |
| Median comp | €267,500 | €4,525 | 1.5% | 60 | 72 |
Short-term vacation rental The property’s high listing price relative to its fair value suggests it may struggle to meet yield expectations for a short-term vacation rental strategy. With a gross yield of 5.8% in a highly tourist-dependent region, the potential for a solid return is undermined by the 35.9% gap from fair value. Buy-and-hold Investing in this property as a buy-and-hold strategy appears questionable given its overpriced nature and below-ideal condition rating of 46/100. The significant disparity from its fair value raises concerns about long-term capital appreciation and cash flow sustainability in a largely tourism-driven market. Value-add renovation While the value-add renovation strategy can often unlock potential, this property is currently overpriced, making it a risky investment. The estimated requirement for significant renovation to improve its condition from 46/100 may not be justified given its 35.9% gap from fair value, leaving investors with limited upside potential.
Tenant Turnover Risk The combination of a tenant stability score of 70/100 indicates a moderate likelihood of tenant turnover, which could lead to vacancies and reduced rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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