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.
3-bedroom, 2-bathroom apartment of 65 m² on the 1st floor, built in 1970, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment features a large terrace with a barbecue area and elegant sun sail, perfect for outdoor dining and relaxation in the heart of Old Town Albufeira.
The valuation. The asking price of €345,000 sits moderately above the fair value of €329,206, indicating a difference of €15,794, or 4.8%. This valuation renders the property fairly priced. Buy-to-flip angle. With strong seasonal tourism appeal, the buy-to-flip strategy could leverage the apartment's prime location for a resale at an attractive price point. Renovations may enhance resale value and demand. Buy-to-let angle. An estimated gross yield of 4.9% translates to approximately €1,409 per month in rental income, suggesting a stable income stream from long-term rentals in this tourist-heavy area.
Fair value modelled at €329,206 from 6 comparable sales in the area. Asking €345,000 sits €15,794 (4.8%) above — overpriced versus fair value.
Asking €345,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €279,576 (€4,301/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €279,576, adjusted for condition and micro-location, gives a modelled fair value of €329,206 (€5,065/m²), a €15,794 (4.8%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 7cabe4 | Subject | €345,000 | €5,308 | — | 72 | 67 |
| rua da Figueira, 21 | Active | €350,000 | €4,268 | 19.6% | 75 | 72 |
| estrada de Santa Eulália, 3 | Active | €265,000 | €5,196 | 2.1% | 75 | 63 |
| Albufeira e Olhos de Água · a80384 | Active | €340,000 | €6,667 | 25.6% | 79 | 67 |
| praça Central | Active | €410,000 | €5,694 | 7.3% | 68 | 73 |
| Median comp | €345,000 | €5,445 | 2.6% | 75 | 70 |
Long-term rental The property’s gross yield of 4.9% indicates a reasonable return in the context of a stable tenant market. Given the fair valuation and condition rating of 77/100, this property could provide consistent monthly income, though not the highest potential returns typical of other investment strategies. Short-term vacation rental Its prime location within a tourist-frequented part of Algarve supports a solid demand for short-term vacation rentals, potentially leveraging seasonal tourism to maximize occupancy rates. However, the property’s fair valuation suggests that while it should perform adequately in this market, there may be more lucrative options available. Buy-and-hold The fair valuation at €345,000 suggests that holding the property for long-term appreciation may yield benefits; however, the modest gap to fair value limits significant upside. With a condition score of 77/100 and a reasonably favorable neighborhood rating, it can still serve as a stable investment in a growing area. Not ideal for: Student housing, Luxury market, Industrial investment.
Economic Vulnerability The economic stability score of 50/100 indicates potential volatility in the market, posing a risk to consistent 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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