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, 0-bathroom apartment of 73 m² on the 2nd floor, energy rating E. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment includes a spacious terrace perfect for outdoor dining and leisure, enhancing its appeal for enjoying the Algarve climate year-round.
The valuation. The asking price of €290,000 is below the fair value of €323,592, presenting an opportunity with a discount of €33,592 (10.4%). The property is subpriced for the current market.
Fair value modelled at €323,592 from 6 comparable sales in the area. Asking €290,000 sits €33,592 (10.4%) below — the upside to fair value.
Asking €290,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €290,100 (€3,974/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €290,100, adjusted for condition and micro-location, gives a modelled fair value of €323,592 (€4,433/m²), a €33,592 (10.4%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 3df4fd | Subject | €290,000 | €3,973 | — | 68 | 78 |
| Albufeira e Olhos de Água · 1f35a4 | Active | €250,000 | €3,571 | 10.1% | — | 63 |
| rua Vasco Santana, 110 | Active | €275,000 | €4,044 | 1.8% | 69 | 70 |
| Albufeira e Olhos de Água · 001626 | Active | €270,000 | €4,909 | 23.6% | 68 | 74 |
| Albufeira e Olhos de Água · 99f178 | Active | €202,500 | €4,821 | 21.4% | 65 | 73 |
| Median comp | €260,000 | €4,433 | 11.6% | 68 | 72 |
Short-term vacation rental The 1-bed apartment in Albufeira e Olhos de Água presents a compelling opportunity for short-term vacation rentals, capitalizing on the area's tourism-driven demand and economic stability in the Algarve. With a fair value that exceeds the listing price by 10.4%, this property stands out in a neighborhood rated 78/100, ensuring a desirable location for vacationers. Family rental This apartment is well-suited for family rentals, benefiting from a good quality neighborhood and adequate local schools, despite limited options compared to larger cities. The attractive gap to fair value of 10.4% indicates that this multi-functional property offers potential for increased long-term equity as a family-oriented rental space. Buy-and-hold Investing in this buy-and-hold strategy is favorable due to its location in a stable tourism market, ensuring sustained demand for rentals and real estate value appreciation. With a gross yield of 3.7% and a fair value higher than the current listing price, this property can provide good cash flow while benefiting from long-term capital growth.
Tenant turnover risk The economic and tenant stability scores both stand at 75/100, indicating a moderate risk of tenant turnover which may lead to periods of vacancy and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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