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.
3-bedroom, 1-bathroom apartment of 91 m², built in 1988, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. Noteworthy Features: This apartment includes a unique independent kitchen layout with areas that offer significant renovation possibilities and a well-maintained communal pool area, ideal for family relaxation.
The valuation. The asking price of €250,000 sits €12,560 (5.3%) above the fair value of €237,440, indicating that the property is priced at a fair level. Buy-to-flip angle. The buy-to-flip strategy would capitalize on potential renovations, aiming for a quick resale at a higher price after enhancing the property’s appeal. Buy-to-let angle. With a gross yield of 7.6% and estimated rental income of €1,583/month, this property presents a solid buy-to-let opportunity, especially in the lucrative Algarve region.
Fair value modelled at €237,440 from 6 comparable sales in the area. Asking €250,000 sits €12,560 (5.3%) above — overpriced versus fair value.
Asking €250,000 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €203,766 (€2,239/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €203,766, adjusted for condition and micro-location, gives a modelled fair value of €237,440 (€2,609/m²), a €12,560 (5.3%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 0ac5bf | Subject | €250,000 | €2,747 | — | 55 | 74 |
| Albufeira e Olhos de Água · 3a749b | Active | €285,000 | €2,740 | 0.3% | 55 | 65 |
| rua das Telecomunicações, 25 | Active | €275,000 | €3,090 | 12.5% | 70 | 75 |
| Albufeira e Olhos de Água · efdd9c | Active | €159,900 | €2,351 | 14.4% | 69 | 72 |
| rua da Pedra dos Bicos, 7 | Active | €565,000 | €2,478 | 9.8% | 68 | 66 |
| Median comp | €280,000 | €2,609 | 5.0% | 69 | 69 |
Long-term rental The property in Albufeira e Olhos de Água offers a solid gross yield of 7.6%, aligning well with the demand for long-term rental options in this desirable Algarve region. The fair value at €237,440 suggests that while the apartment is adequately priced, it doesn't present a significant opportunity for strong capital appreciation in the long run. Short-term vacation rental Given its strategic location in a popular tourist destination, this apartment could attract steady short-term vacation rental income despite being fairly priced at €250,000. The 7.6% gross yield indicates decent profitability, but potential investors should be mindful of competition and seasonal fluctuations in the vacation rental market. Family rental With a neighbourhood score of 74/100, the property provides a suitable living environment for families, although its price point is fair rather than advantageous. As the housing market in Albufeira continues to draw families seeking residential stability, this apartment stands as a reasonable choice but may not yield significant appreciation immediately due to just meeting fair value.
Tenant turnover risk High tenant turnover could occur due to the relatively moderate tenant stability score of 70/100, which may lead to increased vacancy rates and unexpected costs associated with finding new tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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