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 studio of 43 m² on the 1st floor, built in 1984, energy rating D. Located on estrada de Santa Eulália, 23, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The property includes access to communal outdoor spaces, enhancing its appeal for relaxation and socializing in the vibrant Areias de São João area.
The valuation. The asking price of €234,500 is €30,864 (15.2%) above the fair value of €203,636. This property is considered overpriced based on its current asking price compared to market expectations.
Fair value modelled at €203,636 from 6 comparable sales in the area. Asking €234,500 sits €30,864 (15.2%) above — overpriced versus fair value.
Asking €234,500 versus the estrada de Santa Eulália, 23 area baseline of €190,109 (€4,421/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €190,109, adjusted for condition and micro-location, gives a modelled fair value of €203,636 (€4,736/m²), a €30,864 (15.2%) gap versus the €234,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada de Santa Eulália, 23 | Subject | €234,500 | €5,453 | — | 65 | 67 |
| rua do Atlântico, 33 | Active | €290,000 | €4,531 | 16.9% | 70 | 65 |
| rua Jardins da Balaia, 410 | Active | €285,000 | €7,125 | 30.7% | 67 | 64 |
| Albufeira e Olhos de Água · 82c749 | Active | €2,850,000 | €45,238 | 729.5% | 62 | 70 |
| Albufeira e Olhos de Água · 23f50f | Active | €202,500 | €4,821 | 11.6% | 65 | 72 |
| Median comp | €287,500 | €5,973 | 9.5% | 66 | 68 |
Short-term vacation rental The current listing price of €234,500 represents a 15.2% premium over the fair value of €203,636, making it an overpriced investment for short-term vacation rentals. With a gross yield of only 4% and a condition rating of 62/100, the property lacks compelling attributes to attract high-paying short-term tenants in a competitive market. Long-term rental At a listing price of €234,500, this property exceeds its fair value by 15.2%, indicating it may not be an optimal choice for long-term rental strategies. The gross yield of 4% suggests that the potential returns may not justify the premium paid for an asset with a median condition and neighborhood score. Buy-and-hold Priced at €234,500, this property is overpriced by 15.2% relative to its fair value of €203,636, positioning it unfavorably for a buy-and-hold strategy. Given the property’s low gross yield of 4% and a condition rating of 62/100, long-term appreciation potential appears limited, undermining the attractiveness of a buy-and-hold investment.
Economic Vulnerability With an economic stability score of 55/100, there is a significant risk of local economic downturns impacting rental income and property value.
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