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.
2-bedroom, 1-bathroom apartment of 58 m² on the 4th floor, energy rating C. Located on rua José Afonso, 122, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment features a south-facing living room and an unobstructed balcony with sea views, enhancing its appeal for both relaxing and entertaining.
The valuation. The asking price of €289,000 sits just 0.8% below the fair value of €291,477, making it a solid acquisition at a fair price with no immediate overpricing concerns.
Fair value modelled at €291,477 from 6 comparable sales in the area. Asking €289,000 sits €2,477 (0.8%) below — the upside to fair value.
Asking €289,000 versus the rua José Afonso, 122 area baseline of €236,785 (€4,083/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €236,785, adjusted for condition and micro-location, gives a modelled fair value of €291,477 (€5,025/m²), a €2,477 (0.8%) gap versus the €289,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Afonso, 122 | Subject | €289,000 | €4,983 | — | 75 | 72 |
| rua do Cerro | Active | €465,000 | €5,813 | 16.7% | 72 | 70 |
| rua da Correeira, 215 | Active | €282,000 | €4,623 | 7.2% | 78 | 70 |
| Ferreiras · 3df421 | Active | €320,000 | €3,636 | 27.0% | 74 | 63 |
| jardim A4 | Active | €234,000 | €4,875 | 2.2% | 82 | 73 |
| Median comp | €301,000 | €4,749 | 4.7% | 76 | 70 |
Short-term vacation rental The property’s fair valuation of €291,477 is closely aligned with its listing price of €289,000, indicating a market equilibrium, but it still has a modest gross yield of 4.4%. Given the popularity of Albufeira as a tourist destination, this investment may prove to be adequate in generating rental income without significant upside potential. Long-term rental With a fair value of €291,477, the listing price of €289,000 suggests that this property is fairly positioned in the market, yet the yield of 4.4% may not fully capitalize on the area's rental demand. This strategy might provide steady cash flow, but the lack of significant profit margin could limit long-term growth potential. Buy-and-hold The current listing price of €289,000 is just slightly below the fair value of €291,477, reflecting a fair market price for a buy-and-hold strategy. While the property is located in a desirable tourist area, the anticipated appreciation may not justify a long-term hold considering the projected yield of 4.4%. Not ideal for student housing The property does not cater to the student housing market due to its 2-bedroom configuration and regional demand dynamics, indicating that this segment is unlikely to yield substantial returns. The neighborhood's amenities and tenant quality further diminish its attractiveness for this strategy. Not ideal for luxury market The apartment does not align with luxury market standards, as its fair valuation and metrics suggest it is primarily positioned for average consumers instead of high-end buyers. In a market driven by tourist influences, luxury demand appears to have an insufficient foundation in this area. Not ideal for industrial development The location of this apartment in a residential area does not support industrial development strategies, wherein the demand patterns and zoning regulations would be unfavorable. Given the established tourist appeal, redirecting this property for industrial use seems impractical and unprofitable.
Economic Volatility Risk The property's economic stability score of 65/100 indicates potential fluctuations in market conditions, which could affect tenant demand and 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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