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 65 m² on the 2nd floor, built in 1978, energy rating C. Located on avenida Sá Carneiro, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Key Features: The apartment benefits from a peaceful second-floor location with double glazing, ensuring tranquility while being only 5 minutes from Oura beach and a community swimming pool. Investment Opportunity: Ideal for investors seeking a well-finished property in a prime location.**
The valuation. The asking price of €260,000 sits slightly below the fair value of €269,146, indicating a fair market position with a difference of €9,146 (3.4%). This suggests a solid investment opportunity without overpricing concerns.
Fair value modelled at €269,146 from 6 comparable sales in the area. Asking €260,000 sits €9,146 (3.4%) below — the upside to fair value.
Asking €260,000 versus the avenida Sá Carneiro area baseline of €223,104 (€3,432/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 €223,104, adjusted for condition and micro-location, gives a modelled fair value of €269,146 (€4,141/m²), a €9,146 (3.4%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Sá Carneiro | Subject | €260,000 | €4,000 | — | 77 | 64 |
| urbanização Quinta da Bolota | Active | €320,000 | €4,051 | 1.3% | 75 | 75 |
| rua da Oura | Active | €275,000 | €4,231 | 5.8% | 75 | 72 |
| Albufeira e Olhos de Água · 834222 | Active | €320,000 | €3,765 | 5.9% | 70 | 72 |
| rua Vale Mangude, 3 | Active | €279,000 | €3,930 | 1.8% | 78 | 70 |
| Median comp | €299,500 | €3,991 | 0.2% | 75 | 72 |
Short-term vacation rental The estimated gross yield of 4.3% aligns with the property’s fair value of €260,000, suggesting it is suitable for vacation rentals, particularly given the strong tourism presence in Albufeira. However, the apartment’s condition rating of 76/100 indicates potential maintenance concerns that might hinder optimal rental performance. Buy-and-hold Investment in this 1-bed apartment as a buy-and-hold strategy can be justified due to the stable tourism-driven economy in the Algarve; however, the property’s fair value indicates that it is priced right, limiting immediate upside. Future appreciation may be hindered by a low neighbourhood score of 64/100, which could affect long-term value retention. Value-add renovation Given the property’s condition rating of 76/100, potential for value-add renovations exists; however, the current listing price also aligns closely with its fair value. Renovations may improve rental income and property value, but caution is warranted as the property is currently assessed as fairly priced, reflecting no immediate discount for renovation opportunities.
Economic and Tenant Instability Risk With both economic stability and tenant stability scores at only 55/100, there is a heightened risk of fluctuating rental income and potential vacancy challenges.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
