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, 2-bathroom apartment of 120 m², built in 1979, energy rating D. Located on avenida dos Bombeiros Municipais de Olhão, Quelfes parish, Olhão municipality, Faro district. Location: Proximity to the waterfront enhances lifestyle appeal; Outdoor Space: Backyard provides rare private outdoor area in urban setting for relaxation or potential gardening.
The valuation. The asking price of €249,000 is €108,070 (43.4%) above the fair value of €140,930. This valuation indicates that the property is overpriced given its condition and the local market dynamics.
Fair value modelled at €140,930 from the area baseline, adjusted for condition and location. Asking €249,000 sits €108,070 (43.4%) above — overpriced versus fair value.
Asking €249,000 versus the avenida dos Bombeiros Municipais de Olhão area baseline of €206,040 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 35/100 (Condition 30 · Materials 35 · Room dimensions 40). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 62/100 (Housing Market 70 · Amenities 55 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
avenida dos Bombeiros Municipais de Olhão
Area baseline €206,040 + condition -€75,000 + location +€9,890 = modelled fair value of €140,930 (€1,174/m²), a €108,070 (43.4%) gap versus the €249,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida dos Bombeiros Municipais de Olhão | Subject | €249,000 | €2,075 | — | 30 | 62 |
| rua Proj. À Estr. de Quelfes, 4 | Active | €210,000 | €2,530 | 21.9% | 45 | 70 |
| Olhão · 4b9180 | Active | €230,000 | €2,875 | 38.6% | 38 | 60 |
| rua Almirante Reis | Active | €240,000 | €2,857 | 37.7% | 60 | 63 |
| Olhão · cfddef | Active | €240,000 | €3,750 | 80.7% | 60 | 72 |
| Median comp | €235,000 | €2,866 | 38.1% | 53 | 67 |
Short-term vacation rental This property is overpriced by 43.4%, making it less appealing for short-term vacation rental investments despite the tourist influence in the Algarve region. With a gross yield of only 4.5% and a condition score of 35/100, the potential for steady income is compromised. Long-term rental At a listing price of €249,000, this apartment is not positioned favorably for long-term rental opportunities, given its significant gap from fair value of €140,930. The neighborhood score of 62/100 and lower condition rating hinder its attractiveness to potential renters. Buy-and-hold The buy-and-hold strategy is not recommended for this property as it is currently overpriced, leading to a less favorable return on investment over time. The forecasted yield of 4.5% does not compensate for the high acquisition cost amidst a declining condition score and inadequate tenant quality in the area.
Economic and Tenant Instability The property faces a risk of fluctuating income due to both economic stability and tenant stability scores being at 60/100, indicating potential challenges in maintaining consistent rental revenue.
