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 64 m², built in 1989, energy rating D. Located on rua do Atlântico, 33, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment features a private entrance balcony that enhances its appeal, providing exclusive outdoor space in a sought-after area of Cerro da Alagoa.
The valuation. The asking price of €290,000 sits €16,286 (5.3%) below the fair value of €306,286, indicating a market-adjusted position. This aligns well with the verdict of fair, making it a reasonable consideration for potential buyers.
Fair value modelled at €306,286 from 6 comparable sales in the area. Asking €290,000 sits €16,286 (5.3%) below — the upside to fair value.
Asking €290,000 versus the rua do Atlântico, 33 area baseline of €272,661 (€4,260/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €272,661, adjusted for condition and micro-location, gives a modelled fair value of €306,286 (€4,786/m²), a €16,286 (5.3%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Atlântico, 33 | Subject | €290,000 | €4,531 | — | 70 | 65 |
| Albufeira e Olhos de Água · 23f50f | Active | €202,500 | €4,821 | 6.4% | 65 | 72 |
| rua José Bernardino de Sousa | Active | €299,500 | €4,680 | 3.3% | 75 | 58 |
| Albufeira e Olhos de Água · 82c749 | Active | €2,850,000 | €45,238 | 898.4% | 62 | 70 |
| Albufeira e Olhos de Água · 15e2ba | Active | €285,000 | €4,750 | 4.8% | 60 | 76 |
| Median comp | €292,250 | €4,786 | 5.6% | 64 | 71 |
Short-term vacation rental The property is located in a popular tourist region of the Algarve, making it well-suited for short-term vacation rentals due to high seasonal demand. However, with a gross yield of 4%, it does not present a significant investment return compared to other potential options in the area. Value-add renovation While the current condition of 69/100 suggests some room for improvement, the property's fair value indicates that potential renovations may not yield high enough returns to justify the investment. Given the relatively minor gap of 5.3% against fair value, substantial renovations may not significantly enhance profitability. Buy-and-hold With a fair valuation and stable neighborhood amenities, this property could serve as a reasonable buy-and-hold investment, particularly for investors seeking long-term exposure in a tourist area. However, the modest yield of 4% indicates that appreciation potential might be limited, making alternative investments more appealing for similar capital. Not ideal for: Student housing, Luxury market, Urban commercial investment Given its location and current condition, this property is not suitable for student housing or luxury markets, nor does it cater to urban commercial investment strategies; its profile aligns more closely with mid-range residential options.
Economic volatility risk Given the economic stability score of 55/100, there's a significant risk of economic downturns potentially affecting rental demand and tenant turnover rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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