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.
2-bedroom, 2-bathroom apartment of 120 m² on the 1st floor, built in 2003, energy rating D. Located on praceta Abel Salazar, 3, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment boasts an exceptional east-facing solar orientation, maximizing natural light throughout the morning and contributing to energy efficiency, despite its current D rating.
The valuation. The asking price of €425,000 is slightly below the fair value of €438,009, indicating a price difference of €13,009 (3.0%). This positions the property as a fairly priced investment opportunity in the current market. Buy-to-flip angle. Given the mid-range quality of the apartment and its appealing location, a resale strategy could capitalize on short-term renovations to increase marketability and generate a profit upon flipping. Buy-to-let angle. With an estimated gross yield of 4.2%, the projected rental income of approximately €1,488 per month makes this property an attractive option for buy-and-hold strategies targeting the lucrative vacation rental market.
Fair value modelled at €438,009 from 6 comparable sales in the area. Asking €425,000 sits €13,009 (3.0%) below — the upside to fair value.
Asking €425,000 versus the praceta Abel Salazar, 3 area baseline of €346,117 (€2,884/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 €346,117, adjusted for condition and micro-location, gives a modelled fair value of €438,009 (€3,650/m²), a €13,009 (3.0%) gap versus the €425,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Abel Salazar, 3 | Subject | €425,000 | €3,542 | — | 75 | 75 |
| rua da Vela Redonda, 11 | Active | €335,000 | €3,454 | 2.5% | 73 | 74 |
| Albufeira e Olhos de Água · 8001f4 | Active | €335,000 | €3,602 | 1.7% | 73 | 72 |
| Albufeira e Olhos de Água · a8030c | Active | €320,000 | €3,810 | 7.6% | 72 | 71 |
| rua Manuel Teixeira Gomes | Active | €380,000 | €4,000 | 12.9% | 74 | 72 |
| Median comp | €335,000 | €3,706 | 4.6% | 73 | 72 |
Short-term vacation rental This property in Albufeira has strong appeal for short-term vacation rentals due to the area's high tourism potential, but with a listing price of €425,000, it is fairly priced relative to the fair value of €438,009. The current gross yield of 4.2% suggests that while there is potential for income, the growth may be limited due to the narrow gap between the listing and fair value. Buy-and-hold As a buy-and-hold investment, the property does present some stability in terms of income given the gross yield of 4.2%, but the fair valuation indicates limited potential for substantial appreciation. While the apartment is located in a generally desirable neighborhood with a score of 75/100, the pricing reflects fair value rather than a compelling opportunity for long-term capital gain. Family rental While the property is well-suited as a family rental, as evidenced by its reasonable condition (77/100) and favorable amenity ratings, the listing price of €425,000 aligns closely with its fair value. Thus, while it can serve families well, the competitive rental market may limit significant return on investment. Not ideal for: Student housing, Luxury market, Industrial investment.
Economic uncertainty risk With an economic stability score of 65/100, there is a moderate risk of economic fluctuations impacting rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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