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 55 m² on the 6th floor, energy rating D. Located on rua do Município, 1, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment offers a large balcony with a sea view and access to on-site amenities including a gym and multiple padel courts.
The valuation. The asking price of €230,000 is slightly below the fair value of €236,595, representing a fair valuation with a difference of €6,595 (2.8%). This indicates a balanced market position for the property. Buy-to-flip angle. A resale strategy could target the vibrant tourist market in Albufeira, leveraging location and amenities to justify a price increase post-renovation. Quick enhancements could maximize return within a year. Buy-to-let angle. With an estimated gross yield of 4.7% (~€901/month), the rental income strategy focuses on both long-term and short-term vacation rentals, catering to the region's strong tourism demand.
Fair value modelled at €236,595 from 6 comparable sales in the area. Asking €230,000 sits €6,595 (2.8%) below — the upside to fair value.
Asking €230,000 versus the rua do Município, 1 area baseline of €215,437 (€3,917/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €215,437, adjusted for condition and micro-location, gives a modelled fair value of €236,595 (€4,302/m²), a €6,595 (2.8%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Município, 1 | Subject | €230,000 | €4,182 | — | 68 | 71 |
| Albufeira e Olhos de Água · 225b4f | Active | €235,000 | €3,176 | 24.1% | 68 | 84 |
| avenida Sá Carneiro, 19 | Active | €269,000 | €4,559 | 9.0% | 65 | 65 |
| avenida Francisco Sá Carneiro, 5 | Active | €270,000 | €5,192 | 24.2% | — | 71 |
| Albufeira e Olhos de Água · ba5a7b | Active | €250,000 | €3,906 | 6.6% | 70 | 70 |
| Median comp | €259,500 | €4,233 | 1.2% | 68 | 71 |
Short-term vacation rental The property’s proximity to tourist attractions in Albufeira aligns well with the short-term vacation rental strategy, leveraging the region’s peak tourism seasons. Given its fair valuation of €230,000 and a gross yield of 4.7%, it offers balanced potential returns against the backdrop of a competitive rental market. Long-term rental As a potential long-term rental investment, this apartment benefits from a respectable gross yield of 4.7% in a neighborhood rated 71/100, indicative of a stable tenant demand. The property’s fair value further supports this strategy, ensuring that investment pricing reflects current market conditions without offering a compelling discount. Buy-and-hold Investing in this property with a buy-and-hold strategy could result in steady appreciation over time due to the continued demand in the Algarve's tourist-driven economy. With a fair valuation and adequate condition score of 65/100, the asset is positioned for sustained rental income and gradual value growth in a thriving market.
Economic Volatility Risk The economic stability score of 65 suggests potential fluctuations in the local economy that could affect tenant demand and 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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