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, 2-bathroom apartment of 129 m² on the 3rd floor, built in 2007, energy rating D. Located on praceta Pinhal, 37, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Feature: The apartment includes a rare 70 m² private garage box, providing ample space for vehicles and additional storage in a highly sought-after condominium. Valuation Verdict: Unique opportunity to acquire a distinctive property in an exclusive location.
The valuation. The asking price of €620,000 is below the fair value of €741,750 by €121,750 (16.4%). This property is considered subpriced and presents an opportunity for prospective buyers.
Fair value modelled at €741,750 from 5 comparable sales in the area. Asking €620,000 sits €121,750 (16.4%) below — the upside to fair value.
Asking €620,000 versus the praceta Pinhal, 37 area baseline of €648,125 (€5,024/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 €648,125, adjusted for condition and micro-location, gives a modelled fair value of €741,750 (€5,750/m²), a €121,750 (16.4%) gap versus the €620,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Pinhal, 37 | Subject | €620,000 | €4,806 | — | 78 | 70 |
| Albufeira e Olhos de Água · 225a44 | Active | €530,000 | €4,818 | 0.2% | 70 | 65 |
| caminho Vale da Azinheira, 26G | Active | €345,000 | €5,750 | 19.6% | 70 | 61 |
| Albufeira e Olhos de Água · 3a723f | Active | €600,000 | €5,825 | 21.2% | 70 | 70 |
| estrada de Albufeira S / N D | Active | €550,000 | €5,789 | 20.5% | 75 | 73 |
| Median comp | €540,000 | €5,770 | 20.0% | 70 | 68 |
Short-term vacation rental The property is ideally situated in the Algarve region, a strong tourist hotspot, ensuring high occupancy rates for short-term vacation rentals. With a listing price of €620,000, which is 16.4% below its fair value of €741,750, this apartment presents an attractive opportunity for immediate income generation through vacation rentals. Long-term rental Despite the property's 0% gross yield currently, the 16.4% gap below fair value suggests considerable potential for future appreciation, making it a viable candidate for long-term rental investment. Additionally, its proximity to coastal amenities enhances its attractiveness to potential long-term tenants looking for lifestyle convenience. Buy-and-hold Acquiring this property allows investors to capitalize on a 16.4% gap between the listing price and fair value, positing it well for substantial appreciation over time as the Albufeira market continues to thrive. The combination of a favorable location in a tourist-rich area and projected market trends supports a buy-and-hold strategy for long-term gains.
Tenant turnover risk With both economic stability and tenant stability rated at 65/100, there is a heightened risk of tenant turnover, which could lead to increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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