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 99 m² on the 1st floor, built in 2003, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment features multiple balconies enhancing outdoor living space, along with a private parking space, a rare find in high-demand coastal areas of Albufeira.
The valuation. The asking price of €405,000 is below the fair value of €449,117, positioning it at a 9.8% discount. This indicates the property is underpriced, creating a strong opportunity for potential investors.
Fair value modelled at €449,117 from 6 comparable sales in the area. Asking €405,000 sits €44,117 (9.8%) below — the upside to fair value.
Asking €405,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €373,473 (€3,772/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 €373,473, adjusted for condition and micro-location, gives a modelled fair value of €449,117 (€4,537/m²), a €44,117 (9.8%) gap versus the €405,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 3d959f | Subject | €405,000 | €4,091 | — | 73 | 70 |
| Albufeira e Olhos de Água · ac9815 | Active | €285,000 | €5,278 | 29.0% | 75 | 80 |
| Albufeira e Olhos de Água · 4a7d65 | Active | €260,000 | €4,727 | 15.6% | 72 | 75 |
| Albufeira e Olhos de Água · ac9818 | Active | €350,000 | €5,932 | 45.0% | 75 | 71 |
| Albufeira e Olhos de Água · 3d99b5 | Active | €290,000 | €4,085 | 0.2% | 72 | 68 |
| Median comp | €287,500 | €5,003 | 22.3% | 74 | 73 |
Short-term vacation rental This 1-bed apartment in Albufeira e Olhos de Água, priced at €405,000, is underpriced compared to the fair value of €449,117, which translates to a 9.8% gap that enhances the potential for profitability in the short-term rental market. Given its location in the tourism-focused Algarve and proximity to the coastline, this property can attract a steady stream of holidaymakers, ensuring a competitive gross yield of 3.4%. Buy-and-hold With a fair value exceeding the listing price by €44,117, this property presents a solid buy-and-hold opportunity in a desirable area, capitalizing on long-term appreciation in the Algarve region. The combination of a good condition rating (77/100) and a healthy yield of 3.4% supports its viability as a long-term investment, appealing to both local and foreign buyers. Value-add renovation Purchasing this apartment at €405,000 offers considerable potential for value-add renovation, as the property is priced below its fair value and can be enhanced to increase its appeal and rental income. By investing in upgrades, the property can not only improve its condition rating but also potentially generate higher returns in the thriving vacation rental market in this coastal location.
Economic Vulnerability The property risks potential income instability due to both economic stability and tenant stability scores being at a moderate 65/100, indicating susceptibility to market fluctuations.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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