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 €462,522 (€2,946/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 €462,522 + 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.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Login Required
Please log in or create an account to access this page.
No posts yet for this property.
