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 duplex of 157 m², built in 1995, energy rating C. Located on praceta José Leal Junior, 2, Olhão parish, Olhão municipality, Faro district. The property features a charming balcony accessible from the living room, offering privileged views and natural light, enhancing the living experience in the vibrant central location.
The valuation. The asking price of €450,000 is significantly above the fair value of €261,805, representing an overpriced property by €188,195 (41.8%). Given these metrics, potential investors should exercise caution in pursuing this purchase.
Fair value modelled at €261,805 from the area baseline, adjusted for condition and location. Asking €450,000 sits €188,195 (41.8%) above — overpriced versus fair value.
Asking €450,000 versus the praceta José Leal Junior, 2 area baseline of €465,191 (€2,963/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 64 · Materials 70 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 61/100 (Housing Market 70 · Amenities 70 · Economic 55 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
praceta José Leal Junior, 2
Area baseline €465,191 + condition -€19,625 + location +€11,861 = modelled fair value of €261,805 (€1,668/m²), a €188,195 (41.8%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta José Leal Junior, 2 | Subject | €450,000 | €2,866 | — | 64 | 61 |
| avenida da República, 89 | Active | €395,000 | €2,883 | 0.6% | 75 | 60 |
| Quelfes · 99f3ab | Active | €310,000 | €3,333 | 16.3% | 80 | 68 |
| Quelfes · 937612 | Active | €755,000 | €4,364 | 52.3% | 80 | 64 |
| Quelfes · cfe040 | Active | €390,000 | €2,267 | 20.9% | 72 | 66 |
| Median comp | €392,500 | €3,108 | 8.4% | 78 | 65 |
Short-term vacation rental The property is overpriced at €450,000, significantly exceeding its fair value of €261,805, leading to potentially low returns in a market with a gross yield of 0%. In the Algarve tourist region, while the demand for vacation rentals is high, this investment offers little room for profit due to its inflated price. Buy-and-hold Acquiring this property as a buy-and-hold strategy does not make financial sense given its current price of €450,000, which is 41.8% above fair value. With a gross yield of 0% and a neighborhood rating of 61/100, the potential for long-term appreciation appears limited, making this an unattractive investment. Value-add renovation Investing in a value-add renovation for this property is not advisable, as its asking price of €450,000 already positions it significantly above the fair value of €261,805. Even with renovation possibilities, the lack of a positive yield and mid-tier condition rating suggest that financial gains from enhancements may not justify the elevated purchase cost.
Economic and Tenant Instability The property has low economic stability (55/100) combined with low tenant stability (55/100), indicating a higher risk of financial fluctuations and potential vacancies due to an unstable tenant base.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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