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 1997, energy rating C. Located on rua dos Pardais, 13, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment offers direct access to the well-maintained communal pool and is situated within a renowned tennis club, enhancing its attractiveness for both personal use and rental income.
The valuation. The asking price of €299,000 is significantly above the fair value of €204,540, representing an excess of €94,460 or 31.6%. The property is therefore considered overpriced.
Fair value modelled at €204,540 from the area baseline, adjusted for condition and location. Asking €299,000 sits €94,460 (31.6%) above — overpriced versus fair value.
Asking €299,000 versus the rua dos Pardais, 13 area baseline of €222,464 (€3,476/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 70 · Materials 65 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 70 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua dos Pardais, 13
Area baseline €222,464 + condition -€7,500 + location +€17,864 = modelled fair value of €204,540 (€3,196/m²), a €94,460 (31.6%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Pardais, 13 | Subject | €299,000 | €4,672 | — | 70 | 73 |
| Albufeira e Olhos de Água · 82c749 | Active | €2,850,000 | €45,238 | 868.3% | 62 | 70 |
| avenida Privilegiada de Albufeira | Active | €350,000 | €7,609 | 62.9% | 70 | 69 |
| rua dos Pardais, 4 | Active | €350,000 | €5,469 | 17.1% | 70 | 70 |
| Albufeira e Olhos de Água · 956eb7 | Active | €219,000 | €4,563 | 2.3% | 74 | 75 |
| Median comp | €350,000 | €6,539 | 40.0% | 70 | 70 |
Short-term vacation rental The €299,000 listing price for this 1-bed apartment in Albufeira, with a gross yield of only 3.9%, illustrates that the property is overpriced when compared to the fair value of €204,540. With a condition rating of 68/100 and a neighborhood score of 73/100, the potential for premium vacation rental rates may not justify the significant price gap. Buy-and-hold While holding this property could provide some long-term appreciation, the current price of €299,000 stands at a 31.6% premium over its fair value of €204,540, indicating it is overpriced. Investors should be cautious, as yielding only 3.9% gross may not offer competitive returns against the initial high acquisition cost. Family rental With a fair value of €204,540 versus the asking price of €299,000, this property clearly reflects an overpriced market condition, limiting its attractiveness for family rental opportunities. The lower yield of 3.9% also suggests that the investment may not generate the cash flow needed to cover high acquisition costs while providing family-friendly amenities and neighborhood quality.
Economic Vulnerability The economic stability score of 60/100 indicates a moderate risk of downturns that could impact rental income and tenant retention.
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