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 41 m² on the 1st floor, built in 1987, energy rating C. Located on avenida dos Descobrimentos, 26, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This property offers a pleasant balcony that enhances outdoor living, set in a vibrant neighborhood with convenient access to both local amenities and popular tourist spots.
The valuation. The asking price of €209,000 is below the fair value of €234,211, indicating a disparity of €25,211 (10.8%). This property is therefore considered underpriced, presenting an attractive opportunity for potential buyers.
Fair value modelled at €234,211 from 6 comparable sales in the area. Asking €209,000 sits €25,211 (10.8%) below — the upside to fair value.
Asking €209,000 versus the avenida dos Descobrimentos, 26 area baseline of €223,126 (€5,442/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €223,126, adjusted for condition and micro-location, gives a modelled fair value of €234,211 (€5,712/m²), a €25,211 (10.8%) gap versus the €209,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida dos Descobrimentos, 26 | Subject | €209,000 | €5,098 | — | 61 | 73 |
| Albufeira e Olhos de Água · 82c749 | Active | €2,850,000 | €45,238 | 787.4% | 62 | 70 |
| rua Nossa Senhora de Fátima | Active | €279,000 | €4,650 | 8.8% | 60 | 71 |
| rua dos Pardais, 13 | Active | €299,000 | €4,672 | 8.4% | 70 | 73 |
| Albufeira e Olhos de Água · 6a920d | Active | €385,000 | €5,203 | 2.1% | 70 | 73 |
| Median comp | €342,000 | €4,938 | 3.1% | 66 | 72 |
Short-term vacation rental The property, listed at €209,000, offers a potential short-term vacation rental strategy supported by the demand driven by the Algarve's tourism sector, indicating that it is currently subvalued by 10.8% against the fair value of €234,211. With a gross yield of 4.7% and a decent neighborhood rating of 73/100, this apartment presents a compelling opportunity for investors looking to capitalize on the area's tourist influx. Long-term rental With the apartment being listed at €209,000, it stands out for long-term rental potential in a neighborhood with a score of 73/100 and a good tenant quality. Despite the property being rated at a condition score of 62/100, its fair value indicates it is subvalued by 10.8%, providing an attractive entry point for investors seeking steady cash flow. Buy-and-hold Investing in this 1-bed apartment at €209,000 is aligned with a buy-and-hold strategy, as it is currently subvalued by 10.8% compared to its fair value of €234,211, allowing room for future appreciation. The property’s location in Albufeira, coupled with a reasonable gross yield of 4.7%, makes it a solid long-term investment choice, given the area's tourism-driven economy.
Economic Vulnerability The economic stability score of 65 indicates a potential risk due to fluctuations in local economic conditions that could impact tenant retention 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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