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 70 m² on the 1st floor, built in 1988, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment features a pleasant 10 m² balcony and an independent laundry area, providing both outdoor relaxation space and practical functionality.
The valuation. The asking price of €290,000 is slightly above the fair value of €286,364, sitting at €3,636 (1.3% higher). This aligns with a verdict of fair.
Fair value modelled at €286,364 from 5 comparable sales in the area. Asking €290,000 sits €3,636 (1.3%) above — overpriced versus fair value.
Asking €290,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €231,467 (€3,307/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 €231,467, adjusted for condition and micro-location, gives a modelled fair value of €286,364 (€4,091/m²), a €3,636 (1.3%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 38b6fa | Subject | €290,000 | €4,143 | — | 80 | 69 |
| Albufeira e Olhos de Água · 834304 | Active | €405,000 | €4,091 | 1.3% | 75 | 63 |
| rua dos Mares | Active | €250,000 | €3,731 | 9.9% | 75 | 73 |
| rua Vitorino Nemésio, 128 | Active | €239,000 | €4,780 | 15.4% | 75 | 73 |
| Albufeira e Olhos de Água · 3d959f | Active | €405,000 | €4,091 | 1.3% | 73 | 70 |
| Median comp | €327,500 | €4,091 | 1.3% | 75 | 72 |
Short-term vacation rental The property offers a gross yield of 3.8%, which aligns with the short-term rental demand in the tourist-heavy Algarve region. At a listing price of €290,000, it reflects a fair value status with only a minor 1.3% gap, suggesting steady income potential. Buy-and-hold As an investment, this 1-bed apartment is situated in a desirable locale with good amenities and a decent neighbourhood rating of 69/100. The fair valuation of €290,000 indicates that holding this property could yield stable appreciation over time without significant risk. Family rental With a solid condition rating of 80/100 and located within a family-friendly area, this apartment presents a fair investment opportunity for long-term rentals. While the yield of 3.8% is moderate, it reflects the balanced demand for family-oriented housing in the region. Not ideal for student housing Considering the neighbourhood's amenities and ratings, this property is not ideally suited for student housing investments. The fixed tourism-oriented demand in the area could overshadow potential stability in a student rental market. Not ideal for industrial investment This apartment's location and type do not align with typical industrial investment criteria, making it a poor fit for such strategies. The residential nature of the property limits its viability in industrial contexts.
Economic Vulnerability The property may face financial instability due to an economic stability score of 60/100, suggesting potential susceptibility to local economic downturns.
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