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 71 m² on the 2nd floor, built in 1989, energy rating D. Located on rua Almada Negreiros, 228, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment boasts two spacious balconies with unobstructed sea views and is located only two minutes from Hospital dos Lusíadas, ensuring convenience and accessibility for residents.
The valuation. The asking price of €249,000 sits below the fair value of €289,731, representing a discount of €40,731 (14.1%). Therefore, this property is subvalued in its current market context.
Fair value modelled at €289,731 from 6 comparable sales in the area. Asking €249,000 sits €40,731 (14.1%) below — the upside to fair value.
Asking €249,000 versus the rua Almada Negreiros, 228 area baseline of €232,193 (€3,270/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €232,193, adjusted for condition and micro-location, gives a modelled fair value of €289,731 (€4,081/m²), a €40,731 (14.1%) gap versus the €249,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Almada Negreiros, 228 | Subject | €249,000 | €3,507 | — | 76 | 65 |
| Albufeira e Olhos de Água · 834209 | Active | €290,000 | €4,085 | 16.5% | 75 | 73 |
| Albufeira e Olhos de Água · 3d99b5 | Active | €290,000 | €4,085 | 16.5% | 72 | 68 |
| Albufeira e Olhos de Água · ba58bd | Active | €202,500 | €3,616 | 3.1% | 74 | 65 |
| Albufeira e Olhos de Água · 6ebb28 | Active | €265,000 | €3,897 | 11.1% | 75 | 63 |
| Median comp | €277,500 | €3,991 | 13.8% | 75 | 67 |
Short-term vacation rental\nThis property is subvalorizada with a gap of 14.1% from its fair value, making it a strong candidate for a short-term vacation rental strategy in the tourist-driven Algarve region. With a gross yield of 4%, it offers an attractive return potential amidst high demand from tourists looking for short stays.\n\nLong-term rental\nGiven its fair value analysis, this property is subvalorizada and poised to attract long-term tenants, particularly retirees seeking residence in a vibrant area. The current yield of 4% supports stable cash flow, despite the neighborhood's average rating of 65/100.\n\nBuy-and-hold\nAs an investment, this subvalorizada property presents an opportunity for capital appreciation over time, especially given the continued appeal of the Algarve for both tourists and retirees. With fair value set at €289,731, the potential for upside in property value aligns well with a buy-and-hold strategy.
Tenant turnover risk High tenant turnover is a concern given the tenant stability score of 65/100, which may lead to increased vacancy periods and associated costs.
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