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 225 m², energy rating C. Located on rua Joaquim Agostinho, Pechão parish, Olhão municipality, Faro district. Noteworthy Feature: The property includes a spacious 80m² basement, offering versatile options for leisure or entertainment, complementing its modern design and outdoor pool area.
The valuation. The asking price of €790,000 is significantly above the fair value of €413,503, creating a disparity of €376,497 (47.7%). This property is overpriced in the current market.
Fair value modelled at €413,503 from the area baseline, adjusted for condition and location. Asking €790,000 sits €376,497 (47.7%) above — overpriced versus fair value.
Asking €790,000 versus the rua Joaquim Agostinho area baseline of €602,100 (€2,676/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 72 · Materials 75 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 78 · Amenities 70 · Economic 65 · Tenant Quality 68). Strong amenities and housing-market momentum support a premium to baseline.
rua Joaquim Agostinho
Area baseline €602,100 + condition -€5,273 + location +€32,451 = modelled fair value of €413,503 (€1,838/m²), a €376,497 (47.7%) gap versus the €790,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Joaquim Agostinho | Subject | €790,000 | €3,511 | — | 72 | 71 |
| rua das Lavadeiras | Active | €470,000 | €4,796 | 36.6% | 76 | 59 |
| Olhão · cfddf5 | Active | €580,000 | €7,073 | 101.5% | 75 | 68 |
| Pechão · 99f3d6 | Active | €990,000 | €3,523 | 0.3% | 80 | 71 |
| Quelfes · 6fbc8e | Active | €570,000 | €2,591 | 26.2% | 70 | 59 |
| Median comp | €575,000 | €4,160 | 18.5% | 76 | 64 |
Long-term rental The property at €790,000 is priced 47.7% above its fair value of €413,503, indicating it is not an attractive option for long-term rental investment. With a gross yield of only 4.1%, the potential return does not compensate for the significant price premium. Short-term vacation rental Given the property’s significant pricing at €790,000, which exceeds its fair value by 47.7%, it does not represent a wise choice for short-term vacation rental opportunities. The current gross yield of 4.1% fails to justify the high investment required in a market driven predominantly by tourism. Buy-and-hold With a valuation gap of 47.7% above fair value, the property’s asking price of €790,000 ultimately categorizes it as overpriced for a buy-and-hold strategy. The yield of 4.1% does not align with the current market dynamics, making it less favorable for long-term capital appreciation. Not ideal for This property is unsuitable for student housing, given the pricing and relative tenant quality in the area. Additionally, pursuing value-add renovation or targeting the luxury market would likely yield disappointing returns given the current pricing context.
Potential tenant turnover The combination of a 65/100 economic stability and a 68/100 tenant stability suggests that there may be higher tenant turnover rates, which could lead to increased vacancy periods and rental income fluctuations.
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