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 73 m² on the 1st floor, built in 1993, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment's 11 m² terrace offers a private outdoor space ideal for relaxation, while its proximity to shops and the beach enhances its appeal for both permanent residents and investors.
The valuation. The asking price of €282,500 is slightly below the fair value of €305,061, indicating a modest valuation gap of €22,561 (7.4%). This positions the property as a fair investment opportunity in the market.
Fair value modelled at €305,061 from 6 comparable sales in the area. Asking €282,500 sits €22,561 (7.4%) below — the upside to fair value.
Asking €282,500 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €254,831 (€3,491/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 €254,831, adjusted for condition and micro-location, gives a modelled fair value of €305,061 (€4,179/m²), a €22,561 (7.4%) gap versus the €282,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 8341d7 | Subject | €282,500 | €3,870 | — | 72 | 67 |
| rua Cesário Verde, 416B | Active | €285,000 | €4,191 | 8.3% | 75 | 71 |
| Albufeira e Olhos de Água · 3df490 | Active | €275,000 | €4,231 | 9.3% | 72 | 71 |
| rua Vitorino Nemésio, 128 | Active | €239,000 | €4,780 | 23.5% | 75 | 73 |
| beco José Ramos Pimenta S / N | Active | €188,000 | €4,087 | 5.6% | 82 | 62 |
| Median comp | €257,000 | €4,211 | 8.8% | 75 | 71 |
Short-term vacation rental The property is fairly priced, with a fair value of €305,061 compared to the listing of €282,500, indicating solid potential for short-term rental income. The 4.2% gross yield is attractive in the Algarve tourist zone, supported by proximity to tourist services. Buy-and-hold This investment is positioned well in the market with a fair value of €305,061 against a listing price of €282,500, making it a reasonable choice for long-term appreciation. While the yield of 4.2% is decent, the stable demand in this neighbourhood could lead to steady rental income over time. Value-add renovation Although the apartment is currently fairly priced at €282,500 against a fair value of €305,061, there may still be opportunities for value creation through targeted renovations. With a 76/100 condition rating, minor upgrades could enhance property appeal and potentially increase rental rates or resale value.
Moderate Economic Risk The economic stability score of 58/100 indicates potential fluctuations in the local economy that could impact rental income and property value.
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