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 60 m² on the 1st floor, built in 1987, energy rating D. Located on praceta Jaime Cortesão, 1, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment's appealing balcony offers tranquil views and direct access to the Silchoro Condominium's magnificent pool area, enhancing the Algarve lifestyle. Additional Fact: Its strong rental potential in a high-demand location makes it a lucrative investment opportunity.
The valuation. The asking price of €268,000 sits below the fair value of €311,359, indicating it is underpriced by €43,359 (13.9%). This presents an attractive investment opportunity for potential buyers. Buy-to-flip angle. The strategy focuses on cosmetically updating key elements of the apartment to increase its appeal, enabling a profitable resale in the rising Albufeira market. Targeting a higher-end finish could significantly enhance market value. Buy-to-let angle. With an estimated rental income of €893/month, yielding 4%, the property suits long-term family rentals or short-term vacation rentals given the region's tourist demand. This ensures consistent cash flow throughout the year.
Fair value modelled at €311,359 from 6 comparable sales in the area. Asking €268,000 sits €43,359 (13.9%) below — the upside to fair value.
Asking €268,000 versus the praceta Jaime Cortesão, 1 area baseline of €271,025 (€4,517/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €271,025, adjusted for condition and micro-location, gives a modelled fair value of €311,359 (€5,189/m²), a €43,359 (13.9%) gap versus the €268,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Jaime Cortesão, 1 | Subject | €268,000 | €4,467 | — | 74 | 74 |
| Albufeira e Olhos de Água · a8090f | Active | €279,500 | €5,176 | 15.9% | 75 | 65 |
| Albufeira e Olhos de Água · f1093d | Active | €298,000 | €7,450 | 66.8% | 70 | 73 |
| travessa de Santa Eulália | Active | €298,000 | €6,340 | 41.9% | 72 | 63 |
| Albufeira e Olhos de Água · 6a920d | Active | €385,000 | €5,203 | 16.5% | 70 | 73 |
| Median comp | €298,000 | €5,772 | 29.2% | 71 | 69 |
Short-term vacation rental The Albufeira e Olhos de Água location is highly attractive for short-term vacation rentals due to its strong tourist demand, with a fair value that exceeds the listing price by 13.9%. This property, yielding 4% gross, offers an excellent opportunity to capitalize on the vibrant tourism market in the Algarve region. Buy-and-hold Investing in this 1-bed apartment allows for a strategic buy-and-hold approach, leveraging its fair value of €311,359 compared to the listing price of €268,000. The gross yield of 4% coupled with the appealing neighborhood score makes it a sound addition for long-term investment in a location known for its safety and amenities. Family rental The property is positioned well for family rentals, particularly due to the neighborhood's favorable quality rating of 74/100. With a solid condition score of 75/100 and the fair value indicating potential growth, this investment can serve families seeking a comfortable living environment in a desirable area of Albufeira. Not ideal for: Student housing, Luxury market, Value-add renovation Given the characteristics of this property, it is not well-suited for the student housing market, which typically requires lower price points and higher turnover. Additionally, the luxury market and value-add renovation strategies do not align with the current positioning of this apartment, which benefits more from a focus on established demand rather than speculative enhancements.
Economic Vulnerability With an economic stability score of 65/100, there is a risk of potential economic downturns impacting tenant demand and rental income stability. Tenant Turnover Risk The tenant stability score of 75/100 suggests a reasonable likelihood of stability, but any economic fluctuations could still lead to increased tenant turnover, affecting occupancy rates.
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