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 108 m² on the 1st floor, built in 1990, energy rating D. Located on rua da Igreja Nr, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Highlights: The apartment features three spacious terraces totaling 42.6 m², providing excellent sun exposure and direct access from both the living room and bedroom for seamless indoor-outdoor living.
The valuation. The asking price of €360,000 sits €23,079 (6.9%) above the fair value of €336,921, indicating the property is fairly priced in the market. This suggests a balanced investment opportunity without valuation concerns.
Fair value modelled at €336,921 from 6 comparable sales in the area. Asking €360,000 sits €23,079 (6.9%) above — overpriced versus fair value.
Asking €360,000 versus the rua da Igreja Nr area baseline of €267,442 (€2,476/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €267,442, adjusted for condition and micro-location, gives a modelled fair value of €336,921 (€3,120/m²), a €23,079 (6.9%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Igreja Nr | Subject | €360,000 | €3,333 | — | 70 | 62 |
| Albufeira e Olhos de Água · 87509c | Active | €219,000 | €3,085 | 7.5% | 75 | 69 |
| Albufeira e Olhos de Água · 4d468c | Active | €395,000 | €2,821 | 15.4% | 71 | 65 |
| rua da Corcovada, 33P2 | Active | €395,000 | €3,950 | 18.5% | 74 | 77 |
| rua António Sérgio, 117 | Active | €265,000 | €3,155 | 5.4% | 65 | 72 |
| Median comp | €330,000 | €3,120 | 6.4% | 73 | 71 |
Short-term vacation rental While the 4.4% gross yield indicates moderate cash flow potential, the property's pricing shows a gap of 6.9% from its fair value of €336,921, suggesting it may not be the best target for maximizing short-term rental income. The influence of seasonal tourism in the Algarve can drive demand, but high acquisition costs could limit profitability. Family rental Despite favorable rental dynamics in tourist-heavy areas, this property’s valuation of €360,000 presents a slight premium over the fair market value, which could deter long-term family renters seeking value. The condition score of 73/100 indicates reasonable livability, yet the overall neighborhood rating of 62/100 may not attract families prioritizing quality areas. Buy-and-hold Acquiring this property with a fair market assessment suggests modest appreciation potential; however, the 6.9% gap from fair value reflects a higher entry price that could impact long-term returns. The stability tied to seasonal tourism might provide acceptable occupancy rates, but at current pricing, long-term holds may face challenges in capital growth relative to market expectations.
Economic Vulnerability The economic stability score of 50/100 indicates a potential for economic downturns which could adversely affect rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
