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.
3-bedroom, 2-bathroom apartment of 75 m² on the 1st floor, built in 1992, energy rating E. Located on rua Almeida Garrett, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment includes a pantry for extra storage and is only a 10-minute walk to the vibrant local market scene. Investment Opportunity: Ideal for both personal use and rental.
The valuation. The asking price of €240,000 sits slightly above the fair value of €237,500 by €2,500 (1.1%). This pricing aligns with a fair valuation verdict, indicating that the property is appropriately priced. Buy-to-flip angle. The strategy here could focus on short-term renovations to enhance the apartment's appeal, subsequently targeting buyers in the thriving Algarve market. This approach aims to capitalize on quick resale within a rapidly appreciating market. Buy-to-let angle. The rental income potential appears limited, with a gross yield of 0% due to estimated vacancy or operational costs. However, the coastal location offers possibilities for both long-term rentals and lucrative short-term vacation rentals.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Almeida Garrett | Subject | €240,000 | €3,200 | — | — | 76 |
| avenida Sá Carneiro, 14 | Active | €290,000 | €3,333 | 4.2% | 65 | 64 |
| Albufeira e Olhos de Água · 1f3593 | Active | €290,000 | €3,412 | 6.6% | 65 | 73 |
| Albufeira e Olhos de Água · 5ecf01 | Active | €345,000 | €2,875 | 10.2% | 71 | 71 |
| rua Carlos Porfírio, 3 | Active | €360,000 | €3,000 | 6.2% | 73 | 70 |
| Median comp | €317,500 | €3,167 | 1.0% | 68 | 71 |
Long-term rental The property in Albufeira e Olhos de Água presents a fair market value with limited rental yield potential, indicated by the 0% gross yield. Given the attractiveness of the Algarve for long-term residents, the stable neighbourhood score of 76/100 suggests a solid tenant base, but the property's condition ratings may hinder rental demand. Short-term vacation rental While the coastal location typically thrives on tourism, this apartment's fair valuation and absence of yield signal that it may not be an ideal choice for the short-term vacation rental market. Despite the area's popularity, the property's low condition score could potentially deter vacationers seeking high-quality accommodations. Buy-and-hold The fair valuation of €240,000 indicates that this investment may not appreciate significantly over time, particularly with a narrow gap to the fair value of €237,500. The Algarve's high demand for residential properties is appealing, yet the property's inadequate condition and 0% yield suggest limited long-term benefits for a buy-and-hold strategy.
Economic Vulnerability The economic stability score of 65 indicates a moderate risk, suggesting potential fluctuations in market performance that could impact rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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