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, 0-bathroom apartment of 69 m², built in 2006, energy rating B. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment includes a spacious 12 m² balcony, perfect for enjoying outdoor leisure in the vibrant heart of Albufeira.
The valuation. The asking price of €279,900 is situated at 1.5% below the fair value of €284,065, making this property reasonably priced and in line with market expectations.
Fair value modelled at €284,065 from 6 comparable sales in the area. Asking €279,900 sits €4,165 (1.5%) below — the upside to fair value.
Asking €279,900 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €234,663 (€3,401/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 €234,663, adjusted for condition and micro-location, gives a modelled fair value of €284,065 (€4,117/m²), a €4,165 (1.5%) gap versus the €279,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 788201 | Subject | €279,900 | €4,057 | — | 74 | 72 |
| Ferreiras · dc14bd | Active | €320,000 | €3,765 | 7.2% | 70 | 76 |
| avenida Sá Carneiro | Active | €290,000 | €4,462 | 10.0% | 74 | 64 |
| Albufeira e Olhos de Água · 23f31f | Active | €324,900 | €4,061 | 0.1% | 75 | 65 |
| Albufeira e Olhos de Água · 3d959f | Active | €405,000 | €4,091 | 0.8% | 73 | 70 |
| Median comp | €322,450 | €4,076 | 0.5% | 74 | 68 |
Short-term vacation rental The 1-bed apartment in Albufeira e Olhos de Água offers a gross yield of 3.4%, reflecting a stable investment given the area's reliance on tourism for income. With a fair value determination close to the listing price, this property could serve as a solid short-term vacation rental, benefiting from the high demand in the Algarve region. Long-term rental While the current fair value indicates the price is reasonable, the yield of 3.4% suggests limited growth potential for long-term rental income in this market. The terrain may appeal to stable tenants, but economic reliance on tourism could pose risks for long-term investment. Buy-and-hold The apartment's fair evaluation points to current pricing being in line with market expectations, which limits immediate upside potential for a buy-and-hold strategy. Though the property is situated in a desirable tourist area, future appreciation may be dictated by the overall economic impact of tourism in the region. Not ideal for: Student housing The property’s attributes and location within a tourist-centric environment make it less suitable for student housing investment. Given the high demand for vacation rentals, this segment may not offer the stability students typically seek. Not ideal for: Value-add renovation With the condition rating at 77/100, the potential for value-add renovations is limited, and the fair valuation reflects the current state of the apartment. Investing further in renovations may not yield significant returns, given the established pricing landscape.
Economic downturn risk A score of 65 in economic stability indicates potential vulnerability to economic downturns that could impact property value and tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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