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 50 m² on the 2nd floor, built in 1989, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Unique Feature: This apartment boasts a private balcony perfect for outdoor relaxation, and its central location offers easy access to beaches and local amenities in Albufeira. Valuation Verdict: Fair value considering its customization potential and proximity to attractions.
The valuation. The asking price of €209,000 reflects a slight discount of €18,078 (8.0%) compared to fair value, estimated at €227,078. The property presents a fair investment opportunity. Buy-to-flip angle. Given the apartment's location in a prime tourist area, a buy-and-flip strategy could leverage the undervaluation for a quick resale, capitalizing on market demand. Buy-to-let angle. With an estimated rental income of €888/month, this property achieves a gross yield of 5.1%, making it suitable for long-term rental in the thriving Algarve market.
Fair value modelled at €227,078 from 6 comparable sales in the area. Asking €209,000 sits €18,078 (8.0%) below — the upside to fair value.
Asking €209,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €205,209 (€4,104/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €205,209, adjusted for condition and micro-location, gives a modelled fair value of €227,078 (€4,542/m²), a €18,078 (8.0%) gap versus the €209,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 86ccfd | Subject | €209,000 | €4,180 | — | 72 | 72 |
| estrada de Santa Eulália | Active | €265,000 | €3,897 | 6.8% | 72 | 70 |
| rua do Atlântico, 33A | Active | €285,000 | €4,524 | 8.2% | 68 | 73 |
| rua dos Pardais, 4 | Active | €350,000 | €5,469 | 30.8% | 70 | 70 |
| avenida Sá Carneiro, 19 | Active | €269,000 | €4,559 | 9.1% | 65 | 65 |
| Median comp | €277,000 | €4,542 | 8.6% | 69 | 70 |
Short-term vacation rental The property is well-positioned in the Algarve, a prime tourist region, but with a fair value slightly above the listing price, it does not present an attractive short-term rental investment at this time. The gross yield of 5.1% reflects the current demand, though it lacks the potential for significant appreciation given its fair valuation. Long-term rental With a gross yield of 5.1%, this 1-bed apartment in Albufeira e Olhos de Água could serve as a stable long-term rental property; however, its fair valuation of €209,000 suggests limited upside for investors. The apartment's condition and neighborhood ratings also indicate a decent living environment, but may not justify a higher investment at the current price point. Buy-and-hold As a buy-and-hold strategy, this property has potential in a strong tourist region, yet its fair valuation of €227,078 signals that it may not be an optimal property to cash in on future appreciation. Investors should consider the €209,000 listing price and its 5.1% yield against the backdrop of Albufeira's stable rental market dynamics before committing funds. Not ideal for: Given the location and current pricing, the property is not a suitable option for student housing, luxury market prospects, or industrial use.
Economic Vulnerability With an economic stability score of 55/100, the property may be at risk from local economic downturns that can impact tenant retention 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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