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 3rd floor, built in 1988, energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment's communal terrace offers panoramic sea views and serves as a versatile space for residents to host gatherings or unwind while enjoying the Algarve's pleasant climate.
The valuation. The asking price of €230,000 sits €20,794 (8.3%) below the fair value of €250,794, indicating that the property is priced in line with market expectations. This positions the investment as fair given its location and characteristics.
Fair value modelled at €250,794 from 6 comparable sales in the area. Asking €230,000 sits €20,794 (8.3%) below — the upside to fair value.
Asking €230,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €239,723 (€3,995/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 is below the parish average, reducing 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 €239,723, adjusted for condition and micro-location, gives a modelled fair value of €250,794 (€4,180/m²), a €20,794 (8.3%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 33bd27 | Subject | €230,000 | €3,833 | — | 56 | 71 |
| Albufeira e Olhos de Água · 190976 | Active | €245,000 | €3,952 | 3.1% | 65 | 73 |
| Albufeira e Olhos de Água · 99f178 | Active | €202,500 | €4,821 | 25.8% | 65 | 73 |
| rua Cesário Verde | Active | €200,000 | €4,255 | 11.0% | 65 | 66 |
| avenida Sá Carneiro, 19 | Active | €269,000 | €4,559 | 18.9% | 65 | 65 |
| Median comp | €223,750 | €4,407 | 15.0% | 65 | 70 |
Short-term vacation rental The property in Albufeira e Olhos de Água can attract vacationers due to its location in a popular tourist destination, producing a gross yield of 4.5%. However, with its current fair valuation of €250,794, the investment appears to be fair, limiting upside potential for passive income generation. Buy-and-hold As a buy-and-hold strategy, this apartment reflects a fair valuation, suggesting that while it may appreciate over time, the initial investment price does not present significant future profitability. The decent yield of 4.5% indicates stable demand, but the overall market dynamics call for caution given the lack of a clear pricing advantage. Long-term rental For long-term rental prospects, the property’s fair valuation aligns with its neighborhood rating of 71/100, suggesting good tenant demand. Nonetheless, the gross yield of 4.5% indicates more modest returns, reinforcing the notion that while this property is well-situated, it may not promise exceptional financial benefits moving forward.
Economic Vulnerability Risk The property faces a significant risk due to its economic stability score of 68, which indicates a moderate potential for economic downturns affecting tenant demand and rent levels.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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