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, 2-bathroom apartment of 97 m² on the 1st floor, built in 2011, energy rating B. Located on rua da Igreja Nr, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This property features stylish red-themed bathroom fixtures that create a distinctive character, enhancing its appeal for potential renters seeking a unique living experience.
The valuation. The asking price of €369,000 sits slightly above the fair value of €362,373, with a difference of €6,627 (1.8%). The property currently represents a fair price based on market analysis.
Fair value modelled at €362,373 from 6 comparable sales in the area. Asking €369,000 sits €6,627 (1.8%) above — overpriced versus fair value.
Asking €369,000 versus the rua da Igreja Nr area baseline of €288,837 (€2,978/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €288,837, adjusted for condition and micro-location, gives a modelled fair value of €362,373 (€3,736/m²), a €6,627 (1.8%) gap versus the €369,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Igreja Nr | Subject | €369,000 | €3,804 | — | 74 | 73 |
| estrada do Toy, 70 | Active | €355,000 | €3,114 | 18.1% | 70 | 65 |
| avenida Sá Carneiro | Active | €290,000 | €4,462 | 17.3% | 74 | 64 |
| rua Aldeamento Quinta Pedra dos Bicos, 1 | Active | €320,000 | €4,638 | 21.9% | 76 | 71 |
| Albufeira e Olhos de Água · 653002 | Active | €284,000 | €3,550 | 6.7% | 73 | 71 |
| Median comp | €305,000 | €4,006 | 5.3% | 74 | 68 |
Short-term vacation rental The property in Albufeira offers a gross yield of 4.1%, positioning it favorably within the thriving short-term rental market fueled by tourism. Given the consistent demand in the Algarve region, this apartment could generate stable income with optimal occupancy rates. Long-term rental With a fair value closely aligning with the listing price, this apartment remains a viable option for long-term rental despite the modest gap of 1.8%. The neighborhood's attractive amenities and solid tenant quality may offer a steady demand for longer-term leases. Buy-and-hold Investors may find this 1-bed apartment in Albufeira a reasonable buy-and-hold opportunity, given its fair valuation of €369,000 and strong location within a desirable market. The ongoing demand for properties in this region can support capital appreciation over time, aligning with long-term investment strategies.
Potential Economic Fluctuation The economic stability score of 65/100 indicates a moderate risk of economic downturn, which could affect tenant demand and rental income.
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