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 54 m² on the 2nd floor, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy features: This apartment boasts a rooftop pool with panoramic views and exceptionally low annual condominium fees of €580, enhancing its attractiveness for both living and investment purposes.
The valuation. The asking price of €279,500 is €24,589 (9.6%) above the fair value of €254,911. This discrepancy indicates that the property is priced at the fair market level, justifying the potential for solid investment. Buy-to-flip angle. Utilizing a buy-to-flip strategy, investors can capitalize on market demand by enhancing the apartment's appeal through minor renovations or staging to increase resale value in the tourist dense area. Buy-to-let angle. For buy-to-let investors, the estimated gross yield of 3.8% (~€885/month) presents a favorable rental income strategy, particularly appealing in a tourist corridor with high occupancy potential during peak seasons.
Fair value modelled at €254,911 from 6 comparable sales in the area. Asking €279,500 sits €24,589 (9.6%) above — overpriced versus fair value.
Asking €279,500 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €215,506 (€3,991/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €215,506, adjusted for condition and micro-location, gives a modelled fair value of €254,911 (€4,721/m²), a €24,589 (9.6%) gap versus the €279,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · a8090f | Subject | €279,500 | €5,176 | — | 75 | 65 |
| Albufeira e Olhos de Água · 834203 | Active | €295,000 | €4,609 | 10.9% | 72 | 74 |
| rua da Correeira, 215 | Active | €282,000 | €4,623 | 10.7% | 78 | 70 |
| Albufeira e Olhos de Água · dee5ee | Active | €341,000 | €4,608 | 11.0% | 80 | 71 |
| Albufeira e Olhos de Água · 6a920d | Active | €385,000 | €5,203 | 0.5% | 70 | 73 |
| Median comp | €318,000 | €4,616 | 10.8% | 75 | 72 |
Short-term vacation rental The property is well-positioned within Algarve's tourist corridor, but with a fair value gap of 9.6%, it may not attract strong interest for short-term vacation rentals. With a gross yield of 3.8%, the current pricing suggests limited profit potential in a competitive rental market. Buy-and-hold Although the property enjoys steady demand in a tourist-friendly area, its current pricing reflects fair value rather than an opportunity for significant appreciation. Investors may find it challenging to achieve noteworthy returns due to the modest yield and a 9.6% gap to fair value. Long-term rental The location attracts a diverse tenant profile, but an annual gross yield of 3.8% indicates that this property might not be the best fit for long-term rental strategies. The fair value assessment further suggests that investors should proceed with caution, as the gap of 9.6% underscores the property’s consistent but unremarkable income potential.
Economic and Tenant Stability Risk The property faces a moderate risk due to both the economic and tenant stability scores being at 60/100, indicating potential vulnerability to market fluctuations and tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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