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 64 m², built in 1979, energy rating C. Located on praceta dos Caliços, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment is situated in a family-friendly condominium, providing potential community amenities and a peaceful environment in the highly desirable Caliços area of Albufeira.
The valuation. The asking price of €240,000 is significantly above fair value of €178,187, indicating an overvaluation of €61,813 (25.8%). This suggests that the property may not attract reasonable offers at the current listing price.
Fair value modelled at €178,187 from the area baseline, adjusted for condition and location. Asking €240,000 sits €61,813 (25.8%) above — overpriced versus fair value.
Asking €240,000 versus the praceta dos Caliços area baseline of €194,176 (€3,034/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 43/100 (Condition 45 · Materials 40 · Room dimensions 45). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
praceta dos Caliços
Area baseline €194,176 + condition -€32,300 + location +€16,311 = modelled fair value of €178,187 (€2,784/m²), a €61,813 (25.8%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta dos Caliços | Subject | €240,000 | €3,750 | — | 45 | 71 |
| Albufeira e Olhos de Água · cfdeef | Active | €265,000 | €4,141 | 10.4% | 60 | 72 |
| rua Nossa Senhora de Fátima | Active | €279,000 | €4,650 | 24.0% | 60 | 71 |
| Albufeira e Olhos de Água · 0238c6 | Active | €185,000 | €4,302 | 14.7% | 54 | 71 |
| Albufeira e Olhos de Água · de0b7a | Active | €370,000 | €5,286 | 41.0% | — | 76 |
| Median comp | €272,000 | €4,476 | 19.4% | 60 | 72 |
Short-term vacation rental Despite the strong tourist-driven economy in Algarve, the €240,000 price point reflects a 25.8% premium over the fair value of €178,187, suggesting the property is overpriced for a short-term rental investment. With a gross yield of only 3.2%, the potential income may not justify the high entry cost. Long-term rental The long-term rental market in the area seems to be less favorable, as the property's pricing is €240,000, which is significantly above the fair value of €178,187, indicating it is overpriced. Coupled with a condition score of 43/100, the investment may struggle to attract quality tenants at this price level. Buy-and-hold While a buy-and-hold strategy might appeal to investors hoping for future appreciation, the property’s listing at €240,000 reveals a gap of 25.8% over its fair value of €178,187, marking it as overpriced. Additionally, given its lower condition rating of 43/100, long-term value retention could be at risk if not addressed promptly.
Tenant turnover risk The tenant stability score of 70/100 indicates a potential for moderate turnover, which could impact cash flow and increase vacancy periods.
