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 63 m², energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment includes a private balcony with direct access from both the bedroom and living room, enhancing outdoor living in a resort with extensive amenities. Investment Potential: Possesses a valid tourist license, appealing for personal use and rental income.
The valuation. The asking price of €240,000 is slightly below the fair value of €254,717, making it relatively balanced and essentially fair market value within this district.
Fair value modelled at €254,717 from 6 comparable sales in the area. Asking €240,000 sits €14,717 (5.8%) below — the upside to fair value.
Asking €240,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €217,225 (€3,448/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €217,225, adjusted for condition and micro-location, gives a modelled fair value of €254,717 (€4,043/m²), a €14,717 (5.8%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 831447 | Subject | €240,000 | €3,810 | — | 70 | 80 |
| rua dos Pardais, 4 | Active | €350,000 | €5,469 | 43.6% | 70 | 70 |
| Albufeira e Olhos de Água · 86ccfd | Active | €209,000 | €4,180 | 9.7% | 72 | 72 |
| Albufeira e Olhos de Água · ba5a7b | Active | €250,000 | €3,906 | 2.5% | 70 | 70 |
| Albufeira e Olhos de Água · ba58bd | Active | €202,500 | €3,616 | 5.1% | 74 | 65 |
| Median comp | €229,500 | €4,043 | 6.1% | 71 | 70 |
Short-term vacation rental The 1-bed apartment in Albufeira is fairly priced at €240,000, providing an appealing option for short-term vacation rentals given the area's popularity among tourists. With a gross yield of 5.1% and a neighborhood rating of 80/100, it supports steady rental demand but does not offer significant upside. Buy-and-hold Investing in this property as a buy-and-hold strategy may yield modest returns, given its fair value aligns closely with the current listing price. The solid condition score of 71/100 and the high desirability of the neighborhood suggest it could provide stable long-term appreciation, but potential investors should recognize the limited growth potential due to the small 5.8% gap compared to fair value. Family rental The apartment's fair pricing and decent yield present reasonably good prospects for family rentals in an area known for its amenities. However, with a neighborhood quality of 80/100 and the comfort level reflected in its 71/100 condition rating, there are other options that may deliver a better value for families looking for long-term housing. Not ideal for: Student housing, Industrial development, Luxury market Due to the apartment's size and the local market dynamics, it is not suited for student housing or luxury market applications, which typically require different characteristics to be successful. Furthermore, the characteristics of the property do not align with industrial development opportunities, hindering its adaptability to those segments.
Tenant turnover risk The tenant stability score of 85/100 indicates a high level of tenant retention, but the economic stability score of 70/100 suggests potential fluctuations in the local economy that could impact tenant income and lead to instability over time.
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