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 71 m², built in 1988, energy rating C. Located on rua Vale Mangude, 3, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment includes an inviting communal pool and is strategically located just minutes away from Albufeira's famous beaches and vibrant nightlife, enhancing its appeal for both residents and tourists.
The valuation. The asking price of €279,000 exceeds the fair value of €238,638 by €40,362, which is 14.5%. This property is considered overpriced.
Fair value modelled at €238,638 from the area baseline, adjusted for condition and location. Asking €279,000 sits €40,362 (14.5%) above — overpriced versus fair value.
Asking €279,000 versus the rua Vale Mangude, 3 area baseline of €244,950 (€3,450/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 78 · Materials 82 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Vale Mangude, 3
Area baseline €244,950 + condition +€5,991 + location +€17,233 = modelled fair value of €238,638 (€3,361/m²), a €40,362 (14.5%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vale Mangude, 3 | Subject | €279,000 | €3,930 | — | 78 | 70 |
| Albufeira e Olhos de Água · 99f3f5 | Active | €275,000 | €4,167 | 6.0% | 75 | 70 |
| rua dos Mares | Active | €250,000 | €3,731 | 5.0% | 75 | 73 |
| beco José Ramos Pimenta S / N | Active | €188,000 | €4,087 | 4.0% | 82 | 62 |
| Albufeira e Olhos de Água · 0016df | Active | €314,000 | €5,065 | 28.9% | 80 | 71 |
| Median comp | €262,500 | €4,127 | 5.0% | 78 | 71 |
Short-term vacation rental The property is overpriced at €279,000 compared to the fair value of €238,638, presenting a significant 14.5% gap that diminishes its attractiveness as a short-term vacation rental. While the location near popular Algarve tourist spots may attract seasonal visitors, the current yield of 4% gross does not justify the high asking price. Long-term rental At a listing price of €279,000, the property is overpriced when compared to its fair value of €238,638, resulting in a 14.5% difference that indicates a lack of financial viability for long-term rental strategies. The 70/100 neighbourhood rating further suggests that tenant demand may not support the high cost, making it less appealing for stable rental income. Buy-and-hold The buy-and-hold strategy appears less favorable given the property's listing price of €279,000, which exceeds the fair value of €238,638 by 14.5%. While the property might benefit from future appreciation, the current yield of 4% gross and the property's overpriced status raise concerns about its potential for long-term capital growth. Not ideal for: The current pricing structure makes this property unsuitable for student housing or targeting the luxury market.
Economic Vulnerability The economic stability score of 65/100 indicates potential susceptibility to economic downturns, which may affect tenant stability rated at 60/100, leading to increased vacancy rates.
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