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 63 m², built in 1987, energy rating E. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment boasts two spacious balconies with stunning sea views, perfect for outdoor relaxation, and includes an exterior elevator for easy access to the unit.
The valuation. The asking price of €305,000 reflects a 5.7% premium over the fair value of €288,619. This positions the property as fairly priced within the current market dynamics.
Fair value modelled at €288,619 from 6 comparable sales in the area. Asking €305,000 sits €16,381 (5.7%) above — overpriced versus fair value.
Asking €305,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €240,538 (€3,818/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 €240,538, adjusted for condition and micro-location, gives a modelled fair value of €288,619 (€4,581/m²), a €16,381 (5.7%) gap versus the €305,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · e834de | Subject | €305,000 | €4,841 | — | 72 | 65 |
| rua Columbano Bordalo Pinheiro, 508 | Active | €299,000 | €4,600 | 5.0% | 73 | 73 |
| Albufeira e Olhos de Água · 57fd2b | Active | €224,000 | €5,895 | 21.8% | 72 | 72 |
| Albufeira e Olhos de Água · f14cad | Active | €335,000 | €4,527 | 6.5% | 75 | 63 |
| Albufeira e Olhos de Água · 7caada | Active | €265,000 | €4,344 | 10.3% | 78 | 80 |
| Median comp | €282,000 | €4,564 | 5.7% | 74 | 73 |
Short-term vacation rental The property in Albufeira e Olhos de Água generates a gross yield of 4.2%, which aligns with typical market expectations in this tourist-heavy region. However, the fair valuation suggests it is fairly priced, limiting immediate profitability from vacation rentals. Long-term rental With the neighborhood scoring 65/100 for tenant quality, this 1-bed apartment can appeal to families and retirees looking for stable accommodation. Nonetheless, given its fair valuation, any long-term rental strategy may realize limited upside potential in cash flow over time. Buy-and-hold Investing in this property as a buy-and-hold strategy could benefit from the stable demand driven by the Algarve's tourism market. However, with a fair valuation, there's less potential for significant appreciation in property value over the long term. Not ideal for: The property does not suit student housing or the luxury market as it lacks the attributes that would appeal to these demographics. Additionally, it is unsuitable for industrial use due to its residential zoning and location characteristics.
Economic Vulnerability The economic stability score of 60/100 indicates a moderate risk of economic downturn affecting property values or rental income stability.
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