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 52 m² on the 2nd floor, built in 1982, energy rating F. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Feature: Located just 150 meters from Fishermen's Beach, this apartment has a Local Accommodation License (AL), making it a ready-to-rent investment in Albufeira's historic center.
The valuation. The asking price of €249,000 is slightly above the fair value of €247,557, by €1,443 (0.6%). This property is fairly valued and presents a reasonable investment opportunity in the current market.
Fair value modelled at €247,557 from 6 comparable sales in the area. Asking €249,000 sits €1,443 (0.6%) above — overpriced versus fair value.
Asking €249,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €202,538 (€3,895/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €202,538, adjusted for condition and micro-location, gives a modelled fair value of €247,557 (€4,761/m²), a €1,443 (0.6%) gap versus the €249,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 15e30b | Subject | €249,000 | €4,788 | — | 78 | 77 |
| avenida 25 de Abril | Active | €235,000 | €4,700 | 1.8% | 80 | 73 |
| Albufeira e Olhos de Água · 23f50f | Active | €202,500 | €4,821 | 0.7% | 65 | 72 |
| estrada de Santa Eulália | Active | €265,000 | €4,077 | 14.9% | 78 | 69 |
| Albufeira e Olhos de Água · 9568de | Active | €340,000 | €6,071 | 26.8% | 85 | 74 |
| Median comp | €250,000 | €4,761 | 0.6% | 79 | 73 |
Short-term vacation rental The property’s yield of 3.8% gross in a strong tourist area like Algarve positions it for stable short-term rental income. However, with a minimal gap from fair value at 0.6%, it may not significantly outperform other investment options in the same market. Buy-and-hold The 1-bed apartment offers a fair valuation, indicating that while it can provide decent returns over time, it’s not a high-potential investment. Given the neighborhood score of 77/100, it should maintain its appeal, but appreciation could be modest due to its pricing. Family rental This property could cater to families seeking a permanent residence in Albufeira, which typically enjoys strong rental demand in the area. Yet, with its valuation squarely at fair value, potential returns in the family rental market may be limited, balancing stability with lower growth expectations.
Economic and Tenant Risk The property has a moderate economic stability score of 75/100 and tenant stability score of 75/100, indicating potential vulnerability to economic shifts impacting rental income.
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