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.
2-bedroom, 1-bathroom apartment of 80 m². Located Olhão parish, Olhão municipality, Faro district. Noteworthy Features: Situated on the fourth floor, this apartment offers potential panoramic views over Olhão, enhancing the living experience despite its current need for modern updates.
The valuation. The asking price of €230,000 is significantly above the fair value of €94,729, indicating an overpriced property by €135,271 or 58.8% against its fair value. Buy-to-flip angle. A buy-to-flip strategy may face challenges due to the dated condition (37/100) and limited potential for quick profitability in the current market. Buy-to-let angle. The estimated rental income of €843/month provides a gross yield of 4.4%, appealing for a long-term rental approach, particularly given the tourist-heavy neighbourhood.
Fair value modelled at €94,729 from the area baseline, adjusted for condition and location. Asking €230,000 sits €135,271 (58.8%) above — overpriced versus fair value.
Asking €230,000 versus the Olhão, Olhão, Faro area baseline of €137,360 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 37/100 (Condition 38 · Materials 35 · Room dimensions 40). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 60/100 (Housing Market 55 · Amenities 65 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Olhão, Olhão, Faro
Area baseline €137,360 + condition -€48,125 + location +€5,494 = modelled fair value of €94,729 (€1,184/m²), a €135,271 (58.8%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Olhão · 4b9180 | Subject | €230,000 | €2,875 | — | 38 | 60 |
| Olhão · cfddef | Active | €240,000 | €3,750 | 30.4% | 60 | 72 |
| rua Proj. À Estr. de Quelfes, 4 | Active | €210,000 | €2,530 | 12.0% | 45 | 70 |
| Quelfes · 99f3a0 | Active | €269,000 | €2,989 | 4.0% | 50 | 63 |
| rua Almirante Reis | Active | €240,000 | €2,857 | 0.6% | 60 | 63 |
| Median comp | €240,000 | €2,923 | 1.7% | 55 | 67 |
Short-term vacation rental The property appears to be overpriced at €230,000, far outpacing the fair value of €94,729 and indicating a 58.8% gap. With a gross yield of only 4.4% and a condition score of 37/100, the potential for profitable short-term rental income in this tourist-heavy area is diminished. Long-term rental At €230,000, the property is overpriced compared to the fair value of €94,729, resulting in a discrepancy that reduces its attractiveness for long-term rentals. The current condition rating of 37/100 and a tenant quality score inferred from neighborhood conditions suggest limited demand, further complicating the investment outlook. Buy-and-hold This 2-bed apartment in Olhão is overpriced at €230,000, being substantially above the fair value of €94,729, which impacts its appeal for a buy-and-hold strategy. A lack of investment potential is evident due to the low condition score of 37/100 and the significant gap from the fair value, casting doubt on future appreciation prospects.
Economic Uncertainty Risk The economic stability score of 55/100 indicates potential instability, which could affect rental demand and income.
