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 67 m² on the 2nd floor, built in 2005, energy rating C. Located Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This property features mid-century design elements with terracotta tile flooring and dark wood cabinetry, enhancing its unique charm within a vibrant resort community.
The valuation. The asking price of €179,900 exceeds the fair value of €154,892 by €25,008, representing a 16.1% premium. This indicates that the property is overpriced. Buy-to-flip angle. Given the high asking price, a buy-to-flip strategy may be challenging; significant appreciation would be needed for a profitable resale. The current market conditions suggest limited upside potential. Buy-to-let angle. With an estimated rental income of €1,004/month, the gross yield stands at 6.7%, making the property a viable option for long-term rental in a popular tourist region. This strategy capitalizes on steady demand for vacation rentals.
Fair value modelled at €154,892 from 5 comparable sales in the area. Asking €179,900 sits €25,008 (16.1%) above — overpriced versus fair value.
Asking €179,900 versus the Albufeira e Olhos de Água, Albufeira, Faro area baseline of €110,167 (€1,644/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €110,167, adjusted for condition and micro-location, gives a modelled fair value of €154,892 (€2,312/m²), a €25,008 (16.1%) gap versus the €179,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Albufeira e Olhos de Água · 0acc4b | Subject | €179,900 | €2,685 | — | 70 | 70 |
| Albufeira e Olhos de Água · efdd9c | Active | €159,900 | €2,351 | 12.4% | 69 | 72 |
| rua do Município, 1 | Active | €300,000 | €2,000 | 25.5% | 75 | 66 |
| Albufeira e Olhos de Água · a0ccdf | Active | €195,000 | €2,053 | 23.6% | 65 | 65 |
| Albufeira e Olhos de Água · 3a6f48 | Active | €215,000 | €2,312 | 13.9% | 70 | 67 |
| Median comp | €205,000 | €2,183 | 18.7% | 70 | 67 |
Short-term vacation rental The current listing price of €179,900 exceeds the fair value of €154,892 by 16.1%, indicating that the investment may not yield satisfactory returns. Although the gross yield is 6.7%, the property is overpriced relative to potential rental income in a competitive market. Luxury market While the apartment is located in a desirable tourist area of the Algarve, its price point suggests it does not align with the luxury market trends where properties often appreciate more significantly. Given its condition of 75/100 and neighborhood rating of 70/100, this property appears to be priced above its fair market value without the premium features typically expected in the luxury segment. Long-term rental The gross yield of 6.7% may suggest potential, but the 16.1% gap from the fair value signals a risk of overpaying for long-term rental returns. With a fair valuation of €154,892, investors should be cautious as this property may not provide the expected return on investment over the long haul.
Economic Vulnerability The economic stability score of 65 suggests potential fluctuations in the market that could impact tenant demand and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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