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 35 m², built in 1972, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment features a private balcony that offers stunning views of the surrounding area, enhancing its appeal as a charming getaway.
The valuation. The asking price of €250,000 sits significantly above the fair value of €184,643, representing an overpriced condition with a difference of €65,357 (35.4%). This valuation suggests a misalignment with market expectations. Buy-to-flip angle. A buy-to-flip strategy could capitalize on cosmetic upgrades, targeting a resale at a higher market price, though the current valuation may limit short-term profitability. Identification of a motivated buyer would be crucial. Buy-to-let angle. Implementing a rental income strategy, the estimated gross yield of 3.6% (~€750/month) suggests moderate returns, with potential for short-term vacation rentals leveraging Algarve's tourist appeal. A focus on marketing could enhance occupancy rates.
Fair value modelled at €184,643 from 6 comparable sales in the area. Asking €250,000 sits €65,357 (35.4%) above — overpriced versus fair value.
Asking €250,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €179,472 (€5,128/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 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 €179,472, adjusted for condition and micro-location, gives a modelled fair value of €184,643 (€5,276/m²), a €65,357 (35.4%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 7cac3e | Subject | €250,000 | €7,143 | — | 62 | 73 |
| rua Nossa Senhora de Fátima | Active | €279,000 | €4,650 | 34.9% | 60 | 71 |
| Albufeira e Olhos de Água · 82c749 | Active | €2,850,000 | €45,238 | 533.3% | 62 | 70 |
| avenida dos Descobrimentos, 26 | Active | €209,000 | €5,098 | 28.6% | 61 | 73 |
| estrada de Santa Eulália, 23 | Active | €234,500 | €5,453 | 23.7% | 65 | 67 |
| Median comp | €256,750 | €5,276 | 26.1% | 62 | 71 |
Short-term vacation rental The apartment's pricing at €250,000 represents a 35.4% premium over its fair value, indicating it is overpriced relative to market conditions. Additionally, the gross yield of 3.6% does not sufficiently compensate for the elevated acquisition cost in a competitive tourist market like Albufeira. Buy-and-hold With a fair value of €184,643, the apartment's listing price of €250,000 suggests a challenging entry point for long-term investment, associated with a significant 35.4% gap. The overall condition score of 58/100 further detracts from the attractiveness of holding this asset over time. Value-add renovation Despite the potential for upgrades given its condition score of 58/100, the property's current valuation at €250,000 indicates an overpriced entry point that may limit renovation returns. Investors may find it hard to justify renovations when the property is already priced well above its fair value of €184,643.
Economic volatility risk The economic stability score of 55/100 indicates potential fluctuations in economic conditions that could impact 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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