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 95 m² on the 3rd floor, built in 1994, energy rating C. Located on rua Manuel Teixeira Gomes, 3A, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment boasts a well-designed separate living room and kitchen, both extending to a common balcony that enhances daily enjoyment of serene outdoor views.
The valuation. The asking price of €298,500 is slightly below the fair value of €315,639, presenting a modest difference of €17,139 (5.4%). Verdict: fair. Buy-to-flip angle. The property can be targeted for a quick resale, capitalizing on its appealing features and the strong tourist demand in Albufeira, potentially achieving gains upon renovation. Buy-to-let angle. With an estimated rental income of €1,095/month, the gross yield of 4.4% indicates a stable investment opportunity for long-term family rentals or short-term vacation stays in a tourist-oriented neighborhood.
Fair value modelled at €315,639 from 6 comparable sales in the area. Asking €298,500 sits €17,139 (5.4%) below — the upside to fair value.
Asking €298,500 versus the rua Manuel Teixeira Gomes, 3A area baseline of €273,734 (€2,881/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €273,734, adjusted for condition and micro-location, gives a modelled fair value of €315,639 (€3,323/m²), a €17,139 (5.4%) gap versus the €298,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Manuel Teixeira Gomes, 3A | Subject | €298,500 | €3,142 | — | 70 | 72 |
| Albufeira e Olhos de Água · 0c05eb | Active | €298,500 | €2,790 | 11.2% | 65 | 71 |
| avenida dos Descobrimentos | Active | €240,000 | €3,333 | 6.1% | 70 | 73 |
| rua do Município | Active | €150,000 | €2,206 | 29.8% | 60 | 73 |
| Albufeira e Olhos de Água · a4674c | Active | €250,000 | €3,425 | 9.0% | — | 74 |
| Median comp | €245,000 | €3,062 | 2.6% | 65 | 73 |
Short-term vacation rental The 1-bed apartment in Albufeira e Olhos de Água offers a fair value that closely matches its listing price, presenting a viable option for short-term vacation rentals in a highly tourist-oriented area with a stable economic backdrop. With a gross yield of 4.4%, this property has the potential to generate consistent rental income through platforms catering to holidaymakers. Buy-and-hold Investing in this property as a buy-and-hold strategy makes sense, given its fair valuation and a gradual increase in property values in the region. Its decent condition score of 67/100 and solid neighborhood rating of 72/100 suggest it could appreciate in value over time, reflecting positively on long-term investment returns. Family rental While this property is fairly priced and situated in a low-crime neighborhood, its size and features may not fully cater to families looking for long-term rentals. However, the apartment's 4.4% gross yield and the appeal of Albufeira's amenities could make it a consideration for families seeking shorter rental terms during tourist seasons.
Economic Sensitivity: With an economic stability score of 65/100, there is a risk that fluctuations in the local economy could adversely affect rental income and property value.
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