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 88 m² on the 1st floor. Located on rua Miguel Torga, 2, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment includes custom cabinetry throughout the living space, providing both functional storage and aesthetic appeal that enhances the modern renovation. Valuation Verdict: The property presents a solid investment opportunity with potential appreciation.
The valuation. The asking price of €320,000 is positioned slightly below fair value, which stands at €337,081, indicating a difference of €17,081, or 5.1%. Overall, this property is deemed fairly priced for its features and location.
Fair value modelled at €337,081 from 6 comparable sales in the area. Asking €320,000 sits €17,081 (5.1%) below — the upside to fair value.
Asking €320,000 versus the rua Miguel Torga, 2 area baseline of €265,832 (€3,021/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €265,832, adjusted for condition and micro-location, gives a modelled fair value of €337,081 (€3,830/m²), a €17,081 (5.1%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Miguel Torga, 2 | Subject | €320,000 | €3,636 | — | 84 | 69 |
| rua dos Mares | Active | €250,000 | €3,731 | 2.6% | 75 | 73 |
| rua Vale Mangude, 3 | Active | €279,000 | €3,930 | 8.1% | 78 | 70 |
| rua Vale Mangude, 4 | Active | €279,000 | €4,227 | 16.2% | 80 | 66 |
| Albufeira e Olhos de Água · 76b3d1 | Active | €220,000 | €3,729 | 2.5% | 76 | 66 |
| Median comp | €264,500 | €3,831 | 5.3% | 77 | 68 |
Short-term vacation rental The property’s proximity to the Algarve coast makes it a viable candidate for short-term vacation rentals, attracting a steady flow of tourists. With a fair value of €337,081, investors can expect a respectable gross yield of 3.9%, reinforcing its potential within this strategy. Buy-and-hold As a buy-and-hold investment, this apartment aligns with the trend of appreciating property values in Albufeira, yet the current fair valuation indicates caution for long-term appreciation expectations. The reasonable yield of 3.9% reflects a balanced risk-reward scenario, deemed fair in a competitive market. Family rental Given the property’s condition score of 81/100, it is suitable for families seeking quality living in a popular neighborhood, although the local amenities rating of 69/100 might limit its appeal. The fair valuation of €320,000 suggests it is appropriately priced for family renting, though future rent growth may be constrained by the overall market dynamics.
Economic Vulnerability With an economic stability score of 60/100, there is a heightened risk of market fluctuations that could impact property values and rental income stability.
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