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, 4-bathroom apartment of 87 m² on the 3rd floor, energy rating B. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The property includes a versatile attic space of 40m², currently set up as an office, enhancing its functionality for urban living. Additional Context: Located without an elevator, it offers a unique urban experience in the city center.
The valuation. The asking price of €430,000 is slightly below the fair value of €447,968, representing a 4.0% difference. This marks the property as being at fair value, suggesting it is neither a bargain nor overpriced.
Fair value modelled at €447,968 from 6 comparable sales in the area. Asking €430,000 sits €17,968 (4.0%) below — the upside to fair value.
Asking €430,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €410,844 (€4,722/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €410,844, adjusted for condition and micro-location, gives a modelled fair value of €447,968 (€5,149/m²), a €17,968 (4.0%) gap versus the €430,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · f5ead6 | Subject | €430,000 | €4,943 | — | 70 | 73 |
| Albufeira e Olhos de Água · 1e63fb | Active | €890,000 | €7,739 | 56.6% | 74 | 75 |
| rua José Fontana | Active | €395,000 | €4,593 | 7.1% | 75 | 70 |
| Albufeira e Olhos de Água · dee3af | Active | €389,990 | €3,645 | 26.3% | 70 | 65 |
| Albufeira e Olhos de Água · b329af | Active | €2,300,000 | €15,541 | 214.4% | 90 | 70 |
| Median comp | €642,500 | €6,166 | 24.8% | 75 | 70 |
Short-term vacation rental The property offers a reasonable yield of 3.8%, which aligns with the market expectations for a vacation rental in a popular tourist destination like Albufeira. Despite the competitive landscape, the modest fair value gap of 4.0% indicates that while it may not be an exceptional deal, it holds stable potential in this sector. Long-term rental With a fair value of €447,968 compared to the listing price of €430,000, this property presents a slight gap that supports its viability for long-term rental purposes in a neighborhood rated 73/100. Although the condition rating of 67/100 suggests some room for improvement, the property stands to benefit from steady demand due to its proximity to amenities. Buy-and-hold Investors looking for a buy-and-hold strategy may find this 3-bed apartment an acceptable option, given its alignment with fair market conditions without the promise of immediate high returns. The neighborhood scoring 73/100 indicates a respectable quality, which could lead to long-term appreciation, even if the current valuation does not suggest significant short-term upside.
Economic Vulnerability The economic stability score of 65/100 suggests a heightened risk of market fluctuations that could negatively impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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