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.
3-bedroom, 1-bathroom apartment of 124 m². Located Olhão parish, Olhão municipality, Faro district. Unique Feature: The property boasts a fully private 123.61 m² rooftop, offering exceptional potential for customization and urban outdoor living in a prestigious location near the marina.
The valuation. The asking price of €445,000 exceeds the fair value of €212,588 by €232,412 (52.2%), indicating that the property is overpriced. This significant discrepancy suggests a cautious approach to any investment considerations.
Fair value modelled at €212,588 from the area baseline, adjusted for condition and location. Asking €445,000 sits €232,412 (52.2%) above — overpriced versus fair value.
Asking €445,000 versus the Olhão, Olhão, Faro area baseline of €212,908 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 (Condition 72 · Materials 75 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 61/100 (Housing Market 70 · Amenities 60 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Olhão, Olhão, Faro
Area baseline €212,908 + condition -€9,688 + location +€9,368 = modelled fair value of €212,588 (€1,714/m²), a €232,412 (52.2%) gap versus the €445,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Olhão · 1e601f | Subject | €445,000 | €3,589 | — | 72 | 61 |
| rua de Antero Nobre | Active | €259,000 | €2,815 | 21.6% | 65 | 60 |
| Olhão · 65a817 | Active | €540,000 | €2,813 | 21.6% | 73 | 63 |
| Quelfes · 99f4fa | Active | €359,000 | €3,205 | 10.7% | 70 | 58 |
| Quelfes · 957083 | Active | €265,000 | €3,533 | 1.5% | 70 | 60 |
| Median comp | €312,000 | €3,010 | 16.1% | 70 | 60 |
Long-term rental Given the high asking price of €445,000 for the 3-bed apartment in Olhão, the yield of 3.7% gross does not justify the investment, especially when fair value is assessed at only €212,588. This significant gap of 52.2% indicates that the property is overpriced, limiting the potential for sustainable returns in the long-term rental market. Short-term vacation rental While the location in Olhão could attract tourists, the property is overpriced at €445,000 relative to its fair value of €212,588, leading to a potential shortfall in rental income compared to expectations. This substantial 52.2% difference diminishes the appeal of pursuing a short-term vacation rental strategy in a competitive market. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable due to the substantial overpricing, with its fair value standing at €212,588, compared to the listing of €445,000. The 52.2% gap from fair value further complicates the opportunity for growth in property value over time, making it a less attractive investment option.
Moderate economic risk With an economic stability score of 55, there is a higher likelihood of fluctuations in property value and potential rental income instability.
