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 111 m², built in 2009, energy rating B. Located on avenida dos Bombeiros Municipais de Olhão, Olhão parish, Olhão municipality, Faro district. Remarkable feature: The apartment includes a private balcony accessible from one bedroom, enhancing personal space and outdoor enjoyment, while the pantry offers excellent additional storage solutions.
The valuation. The asking price of €361,000 exceeds the fair value of €215,474 by €145,526, representing a significant 40.3% markup. This property is considered overpriced based on current market analysis.
Fair value modelled at €215,474 from the area baseline, adjusted for condition and location. Asking €361,000 sits €145,526 (40.3%) above — overpriced versus fair value.
Asking €361,000 versus the avenida dos Bombeiros Municipais de Olhão area baseline of €190,587 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 70 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
avenida dos Bombeiros Municipais de Olhão
Area baseline €190,587 + condition +€6,591 + location +€18,296 = modelled fair value of €215,474 (€1,941/m²), a €145,526 (40.3%) gap versus the €361,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida dos Bombeiros Municipais de Olhão | Subject | €361,000 | €3,252 | — | 75 | 74 |
| urbanização Sporting Clube Olhanense, 4 | Active | €375,000 | €3,409 | 4.8% | 72 | 63 |
| urbanização Sporting Clube Olhanense, 4 | Active | €361,000 | €3,282 | 0.9% | 73 | 63 |
| rua Custódio Domingos Pereira Neto, 7 | Active | €430,000 | €4,624 | 42.2% | 74 | 71 |
| urbanização Marina Village | Active | €430,000 | €4,674 | 43.7% | 74 | 70 |
| Median comp | €402,500 | €4,017 | 23.5% | 74 | 67 |
Short-term vacation rental The property is overpriced at €361,000 compared to a fair value of €215,474, indicating a gap of 40.3%. Given the gross yield of 3.5%, this investment may not meet the financial expectations typical for successful short-term rentals in a tourist market. Buy-and-hold Acquiring this apartment for a buy-and-hold strategy appears unwise, as it is valued significantly above its fair value of €215,474. The gross yield of 3.5% does not justify the current asking price, suggesting limited potential for appreciation over time in a competitive market. Long-term rental With a fair value assessed at €215,474, the property is overpriced at €361,000, which likely diminishes its attractiveness as a long-term rental. The gross yield of 3.5% is insufficient to offset the high entry cost, indicating a less favorable position against other investment opportunities in the region.
Economic Vulnerability A score of 65/100 for economic stability indicates a potential risk due to economic fluctuations impacting property values or rental income.
