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 60 m², energy rating D. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: The apartment boasts a top-floor position enhancing privacy and providing unobstructed views of the sea, along with easy access to two on-site swimming pools. Additional Insights: The well-maintained terrace offers a perfect space for relaxation, further enhancing its outdoor appeal.
The valuation. The asking price of €262,000 is slightly below the fair value of €278,438, creating a difference of €16,438 (5.9%). The property is assessed as being priced fairly for the current market conditions. Buy-to-flip angle. The strategy would involve enhancing the property’s appeal through moderate renovations, aiming for a resale price that exceeds the investment and improvement costs. The targeted increase aligns with the demand in Albufeira’s vibrant real estate market. Buy-to-let angle. With an estimated monthly rental income of €895, the projected gross yield stands at 4.1%. This makes the property a strong candidate for long-term rental strategies, especially given Albufeira's popularity as a tourist destination.
Fair value modelled at €278,438 from 6 comparable sales in the area. Asking €262,000 sits €16,438 (5.9%) below — the upside to fair value.
Asking €262,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €257,259 (€4,288/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €257,259, adjusted for condition and micro-location, gives a modelled fair value of €278,438 (€4,641/m²), a €16,438 (5.9%) gap versus the €262,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 2ce140 | Subject | €262,000 | €4,367 | — | 60 | 76 |
| Albufeira e Olhos de Água · 15e2ba | Active | €285,000 | €4,750 | 8.8% | 60 | 76 |
| praceta Jaime Cortesão, 1 | Active | €268,000 | €4,467 | 2.3% | 74 | 74 |
| Albufeira e Olhos de Água · 6a920d | Active | €385,000 | €5,203 | 19.1% | 70 | 73 |
| avenida Sá Carneiro, 1 | Active | €250,000 | €4,310 | 1.3% | 72 | 67 |
| Median comp | €276,500 | €4,609 | 5.5% | 71 | 74 |
Short-term vacation rental This property, located in a highly sought-after tourist destination, is well-positioned for short-term vacation rentals, yielding a gross return of 4.1%. However, with a fair value marginally higher than its listing price, it is priced fairly within the current market. Buy-and-hold Purchasing this 1-bed apartment for long-term hold could provide consistent rental income, supported by a solid neighborhood score of 76/100. Despite its fair valuation, the existing condition rating of 65/100 indicates that potential upgrades might be necessary to maximize investment returns. Luxury market Although this property does not currently fit the luxury market due to its modest conditions and fair pricing, it is located in an area frequented by affluent tourists. As the neighborhood develops, there may be potential for appreciation, but investment in enhancing the property is crucial to attract luxury clientele.
Economic Vulnerability The economic stability score of 65/100 suggests a moderate risk due to potential fluctuations in the local economy that could impact tenant demand and rental income.
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