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.
3-bedroom, 2-bathroom apartment of 82 m², built in 1990, energy rating C. Located on rua da Figueira, 21, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment includes a generous south-facing terrace, perfect for sunbathing, and is within walking distance of Albufeira's vibrant old town and stunning beaches.
The valuation. The asking price of €350,000 is significantly above fair value, which is assessed at €272,475, indicating an overvaluation of €77,525 (22.1%). Such a price does not reflect a strong investment opportunity.
Fair value modelled at €272,475 from the area baseline, adjusted for condition and location. Asking €350,000 sits €77,525 (22.1%) above — overpriced versus fair value.
Asking €350,000 versus the rua da Figueira, 21 area baseline of €248,788 (€3,034/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 75 · Materials 80 · Room dimensions 73). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua da Figueira, 21
Area baseline €248,788 + condition +€1,794 + location +€21,893 = modelled fair value of €272,475 (€3,323/m²), a €77,525 (22.1%) gap versus the €350,000 asking price.
Short-term vacation rental The property is overpriced at €350,000 with a fair value of €272,475, reflecting a significant gap of 22.1%. With a gross yield of only 4%, this investment lacks the attractive returns typically sought in the competitive vacation rental market. Long-term rental At €350,000, the apartment exceeds its fair value, making it a less appealing option for long-term rental investments compared to others in the area. The 4% gross yield does not compensate for the higher purchase price, diminishing the potential for sustainable revenue. Buy-and-hold Given the current pricing at €350,000, the apartment is overpriced relative to its fair value of €272,475, presenting challenges for long-term appreciation. Investors may find better opportunities elsewhere, as the 4% yield does not offset the initial investment risk in this context.
Economic Vulnerability With an economic stability score of 65, there is a moderate risk of economic downturns affecting rental demand and property value. Tenant Stability Risk A tenant stability score of 70 indicates potential fluctuations in tenant retention, which could impact cash flow and investment returns.
