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, 3-bathroom apartment of 110 m² on the 1st floor, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment's versatile mezzanine can function as an additional living space or guest room, enhancing its overall utility and appeal for buyers seeking flexibility.
The valuation. The asking price of €489,000 sits 8.2% below the fair value of €532,574, indicating the property is fairly priced within the current market. This valuation suggests potential for stable investment returns aligned with market conditions.
Fair value modelled at €532,574 from 6 comparable sales in the area. Asking €489,000 sits €43,574 (8.2%) below — the upside to fair value.
Asking €489,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €448,953 (€4,081/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 is above the parish average, lifting 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 €448,953, adjusted for condition and micro-location, gives a modelled fair value of €532,574 (€4,842/m²), a €43,574 (8.2%) gap versus the €489,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · ab70d7 | Subject | €489,000 | €4,445 | — | 70 | 66 |
| rua da Vela Latina, 36 | Active | €489,000 | €4,842 | 8.9% | 75 | 74 |
| rua da Vela Latina, 36 | Active | €489,000 | €4,842 | 8.9% | 76 | 77 |
| Albufeira e Olhos de Água · 3df476 | Active | €585,000 | €5,087 | 14.4% | 72 | 75 |
| Albufeira e Olhos de Água · 1e63fb | Active | €890,000 | €7,739 | 74.1% | 74 | 75 |
| Median comp | €537,000 | €4,965 | 11.7% | 75 | 75 |
Long-term rental The apartment is in a region that attracts tourists; however, the current condition rating of 77/100 indicates it may require maintenance, which could affect rental returns. With a fair value of €532,574, the listing price of €489,000 suggests a modest gap of 8.2%, but the zero percent gross yield indicates insufficient income potential for long-term rentals. Short-term vacation rental This property is located in a popular tourist destination, making it suitable for short-term vacation rentals; however, the lack of yield suggests that income might not cover expenses or generate profits. Despite the fair value assessment, the property may face competition from more attractively priced options in this vibrant market. Buy-and-hold While the property sits at a fair value, the neighborhood rating of 66/100 indicates that it may not attract a stable tenant base over the long term, which is essential for a buy-and-hold strategy. Given the low rental yield and condition score, this investment may not benefit from significant appreciation or cash flow in the near future.
Economic Dependence Risk The economic stability score of 60/100 suggests vulnerability to economic downturns, which may lead to increased tenant turnover and vacancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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