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 72 m² on the 5th floor, built in 1992, energy rating C. Located on rua do Castelinho, 3C, Albufeira e Olhos de Água parish, Albufeira municipality, Faro district. This apartment includes an independent kitchen with modern stainless steel appliances and offers a private balcony accessed from the living room, perfect for enjoying outdoor tranquility.
The valuation. The asking price of €295,000 sits just below the fair value of €296,168, indicating a well-priced opportunity in the current market. This 0.4% difference reflects a property positioned within acceptable valuation parameters.
Fair value modelled at €296,168 from 6 comparable sales in the area. Asking €295,000 sits €1,168 (0.4%) below — the upside to fair value.
Asking €295,000 versus the rua do Castelinho, 3C area baseline of €267,848 (€3,720/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €267,848, adjusted for condition and micro-location, gives a modelled fair value of €296,168 (€4,113/m²), a €1,168 (0.4%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Castelinho, 3C | Subject | €295,000 | €4,097 | — | 63 | 67 |
| Albufeira e Olhos de Água · 86ccfd | Active | €209,000 | €4,180 | 2.0% | 72 | 72 |
| rua Alves Redol, 241 | Active | €265,000 | €3,786 | 7.6% | 65 | 72 |
| Albufeira e Olhos de Água · 19083f | Active | €259,000 | €4,047 | 1.2% | 72 | 80 |
| Albufeira e Olhos de Água · 831447 | Active | €240,000 | €3,810 | 7.0% | 70 | 80 |
| Median comp | €249,500 | €3,929 | 4.1% | 71 | 76 |
Long-term rental The 1-bed apartment in Albufeira e Olhos de Água has a fair valuation of €296,168, indicating it is priced appropriately in the current market. With a gross yield of 3.6% and a neighbourhood rating of 67/100, it could provide stable long-term rental income, although the yield is modest for the area. Short-term vacation rental Given the tourism-driven economy of the Algarve, this property is suitably located for short-term vacation renting, backed by its fair value positioning at €295,000. However, while the apartment stands at a decent condition score of 68/100, its potential yield may not significantly exceed the average for similar offerings in the region. Family rental The apartment's fair valuation of €295,000 places it in a competitive range for families looking to rent in a tourist-friendly area. With a fair condition score and a reasonable gross yield of 3.6%, it could cater well to family tenants while still aligning with the area's rental market dynamics.
Economic Downturn Risk The economic stability score of 55/100 indicates potential vulnerability to economic downturns that could affect cash flow and tenant retention.
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