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 66 m² on the 1st floor, built in 2008, energy rating C. Located on caminho Vale da Azinheira, 26G, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment features a direct sea view complemented by expansive balconies, enhancing its appeal for outdoor enjoyment in a tranquil and picturesque setting. Location: Prestigious Vista das Ondas Condominium offers extensive amenities, ensuring a vibrant lifestyle. Investment Potential: Strong year-round rental demand guarantees lucrative returns. Condition: Well-maintained with contemporary finishes, ideal for immediate use. Solar Exposure: Excellent east and south orientation maximizes natural light and energy efficiency.
The valuation. The asking price of €345,000 is positioned significantly below fair value, which is assessed at €398,984, indicating a discrepancy of €53,984 (13.5%). This suggests the property is underpriced in the current market. Buy-to-flip angle. The buy-to-flip strategy can be effectively executed by capitalizing on the high demand for properties in the Algarve, targeting renovations that enhance appeal and yield a quick resale at a premium. Buy-to-let angle. With a gross yield of 3.2%, approximately €920 per month in rental income can be expected, making the property a viable option for long-term or vacation rentals in a tourist-driven area.
Fair value modelled at €398,984 from 6 comparable sales in the area. Asking €345,000 sits €53,984 (13.5%) below — the upside to fair value.
Asking €345,000 versus the caminho Vale da Azinheira, 26G area baseline of €365,067 (€5,531/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €365,067, adjusted for condition and micro-location, gives a modelled fair value of €398,984 (€6,045/m²), a €53,984 (13.5%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| caminho Vale da Azinheira, 26G | Subject | €345,000 | €5,227 | — | 73 | 74 |
| caminho Vale da Azinheira, 26G | Active | €345,000 | €5,750 | 10.0% | 70 | 61 |
| estrada da Rocha Baixinha, 273 | Active | €297,000 | €4,433 | 15.2% | 75 | 70 |
| Albufeira e Olhos de Água · 834203 | Active | €295,000 | €4,609 | 11.8% | 72 | 74 |
| travessa de Santa Eulália | Active | €298,000 | €6,340 | 21.3% | 72 | 63 |
| Median comp | €297,500 | €5,180 | 0.9% | 72 | 67 |
Short-term vacation rental The property's appeal in Albufeira, a prime tourist destination, positions it well for short-term vacation rentals, capitalizing on high demand during peak seasons. With a fair value gap of 13.5%, this investment could yield competitive returns as tourist influx increases. Long-term rental Given the favorable security profile and amenities in the area, this apartment is suitable for long-term rentals, appealing to professionals seeking housing in a vibrant location. The current yield of 3.2% indicates stability, but investors should be prepared for potential market fluctuations due to its tourism-centric economy. Family rental This 1-bed apartment can cater to families looking for short-term or flexible living options in a popular tourist area, enhancing its attractiveness in the rental market. While the neighborhood's overall rating of 74/100 supports family-oriented living, the apartment may require strategic management to appeal to this demographic effectively.
Economic uncertainty risk The economic stability score of 65/100 indicates potential vulnerabilities in market conditions, affecting tenant retention and rental income.
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