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.
4-bedroom, 3-bathroom house of 98 m², built in 1951, energy rating D. Located on rua das Lavadeiras, Olhão parish, Olhão municipality, Faro district. The property features an expansive west-facing terrace adorned with traditional tile work, providing stunning sunsets and a perfect outdoor space for relaxation or entertaining guests.
The valuation. The asking price of €470,000 is significantly higher than the fair value of €182,286, resulting in an overpricing of €287,714 (61.2%). This valuation indicates that the property is not a financially prudent investment. Buy-to-flip angle. A buy-to-flip strategy would require acquiring this property at a much lower price, allowing for renovations to increase its market value, but the current asking price restricts any profitable flipping potential. Buy-to-let angle. As a rental investment, the property currently offers no gross yield due to its pricing, making it an unattractive option for long-term rental income strategies in a mixed neighborhood like Olhão.
Fair value modelled at €182,286 from the area baseline, adjusted for condition and location. Asking €470,000 sits €287,714 (61.2%) above — overpriced versus fair value.
Asking €470,000 versus the rua das Lavadeiras area baseline of €288,708 (€2,946/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 76 · Materials 82 · Room dimensions 83). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 59/100 (Housing Market 70 · Amenities 55 · Economic 45 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
rua das Lavadeiras
Area baseline €288,708 + condition +€7,963 + location +€6,058 = modelled fair value of €182,286 (€1,860/m²), a €287,714 (61.2%) gap versus the €470,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Lavadeiras | Subject | €470,000 | €4,796 | — | 76 | 59 |
| rua Joaquim Agostinho | Active | €790,000 | €3,511 | 26.8% | 72 | 71 |
| Quelfes · 6f404b | Active | €690,000 | €3,575 | 25.5% | 80 | 56 |
| Olhão · 1e6029 | Active | €400,000 | €4,124 | 14.0% | 76 | 70 |
| Olhão · cfddf5 | Active | €580,000 | €7,073 | 47.5% | 75 | 68 |
| Median comp | €635,000 | €3,850 | 19.7% | 76 | 69 |
Short-term vacation rental The property’s asking price of €470,000 represents a significant premium over its fair value of €182,286, suggesting a poor investment for a short-term vacation rental strategy. With a gross yield of 0% and a neighbourhood quality score of 59/100, this property fails to attract tourists who seek value, resulting in potential vacancy risks. Long-term rental Investing in this property for long-term rental is not advisable due to its €470,000 asking price, which is 61.2% above its fair value of €182,286. The low yield of 0% combined with a fair condition rating of 80/100 means that even stable tenants might not offset the financial burden of such an overvalued investment. Buy-and-hold Acquiring this property as a buy-and-hold investment is unwise, given its considerable price of €470,000 compared to a fair value of just €182,286, leading to a gap of 61.2%. The weak neighbourhood score of 59/100 indicates potential challenges in tenant demand and property appreciation, making this strategy less appealing. Not ideal for Given its overpriced valuation and lack of yield, this property is not suitable for student housing, the luxury market, or industrial development. These segments require more favorable economic indicators and tenant demand, which this property does not support.
Economic Vulnerability The property has a low economic stability score of 45/100, indicating potential vulnerability to market fluctuations that could impact rental income and property value.
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