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 61 m² on the 4th floor, built in 1993, energy rating C. Located on rua da Correeira, 215, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment features a spacious balcony with unobstructed views, perfect for enjoying Albufeira's sunny climate while providing ample natural light throughout the living space.
The valuation. The asking price of €282,000 is slightly below the fair value of €294,613, making it a fair valuation with a difference of €12,613 (4.3%). Buy-to-flip angle. The strategy involves minor renovations to enhance appeal, allowing for a quick resale at an estimated profit margin. Buy-to-let angle. With an estimated gross yield of 4%, the apartment could generate approximately €940/month, making it a viable long-term rental investment in a high-demand tourist area.
Fair value modelled at €294,613 from 6 comparable sales in the area. Asking €282,000 sits €12,613 (4.3%) below — the upside to fair value.
Asking €282,000 versus the rua da Correeira, 215 area baseline of €245,216 (€4,020/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 €245,216, adjusted for condition and micro-location, gives a modelled fair value of €294,613 (€4,830/m²), a €12,613 (4.3%) gap versus the €282,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Correeira, 215 | Subject | €282,000 | €4,623 | — | 78 | 70 |
| Albufeira e Olhos de Água · 3d9889 | Active | €265,000 | €4,818 | 4.2% | 70 | 76 |
| Albufeira e Olhos de Água · a8edf6 | Active | €305,000 | €4,841 | 4.7% | 75 | 75 |
| Albufeira e Olhos de Água · dee5ee | Active | €341,000 | €4,608 | 0.3% | 80 | 71 |
| Albufeira e Olhos de Água · 834203 | Active | €295,000 | €4,609 | 0.3% | 72 | 74 |
| Median comp | €300,000 | €4,714 | 2.0% | 74 | 75 |
Short-term vacation rental This 1-bed apartment in Albufeira e Olhos de Água shows promise for short-term vacation rentals given its proximity to Algarve's tourist attractions, although it's priced at €282,000, just 4.3% below the fair value of €294,613. With a gross yield of 4%, the investment offers a reasonable return, but potential buyers should be cautious of the market's pricing trends. Buy-and-hold For a buy-and-hold strategy, this property presents a stable opportunity in a popular tourist hub; however, the valuation at €282,000 aligns closely with the fair value of €294,613. The solid condition rating of 80/100 supports a long-term investment, yet prospective investors must account for the lack of significant price appreciation potential in the immediate future. Long-term rental In considering a long-term rental strategy, the apartment's fair value of €294,613 and current asking price of €282,000 suggest there is little room for growth in rental yields over time. With a gross yield of 4% and a moderate neighborhood rating of 70/100, this property may offer consistent cash flow but is not ideally positioned for significant value enhancement.
Economic Instability Risk The property may experience fluctuations in occupancy rates due to its Economic and Tenant Stability scores both being at 65/100, indicating potential challenges in retaining tenants and maintaining steady rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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