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 121 m², built in 2001, energy rating C. Located on avenida Sporting Clube Olhanense, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment includes a closed balcony off the kitchen, providing additional versatile space for storage or utility purposes, and also boasts a box garage for enhanced vehicle security.
The valuation. The asking price of €360,000 sits significantly above fair value at €205,440, indicating an overvaluation of €154,560 (42.9%). As such, this property is overpriced and may challenge potential investors in achieving satisfactory returns.
Fair value modelled at €205,440 from the area baseline, adjusted for condition and location. Asking €360,000 sits €154,560 (42.9%) above — overpriced versus fair value.
Asking €360,000 versus the avenida Sporting Clube Olhanense area baseline of €207,757 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 70 · Materials 75 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 62/100 (Housing Market 70 · Amenities 60 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
avenida Sporting Clube Olhanense
Area baseline €207,757 + condition -€12,289 + location +€9,972 = modelled fair value of €205,440 (€1,698/m²), a €154,560 (42.9%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Sporting Clube Olhanense | Subject | €360,000 | €2,975 | — | 70 | 62 |
| avenida 16 de Junho, 33 | Active | €305,000 | €3,588 | 20.6% | — | 61 |
| Quelfes · 99f4fa | Active | €359,000 | €3,205 | 7.7% | 70 | 58 |
| Quelfes · 99f3ab | Active | €310,000 | €3,333 | 12.0% | 80 | 68 |
| Olhão · cfddef | Active | €240,000 | €3,750 | 26.0% | 60 | 72 |
| Median comp | €307,500 | €3,461 | 16.3% | 70 | 65 |
Short-term vacation rental The property is not positioned competitively in the short-term vacation rental market due to its overpricing of €360,000 compared to its fair value of €205,440, which indicates a significant gap of 42.9%. With a gross yield of only 3% and a condition score of 69/100, this investment is likely to underperform relative to market expectations in the vibrant Algarve tourism sector. Buy-and-hold Investing in this property as a buy-and-hold strategy is unfavourable given its current listing price and the fair value gap, leading to an overvaluation of 42.9%. The combination of a low gross yield of 3% and mediocre neighborhood quality ratings suggests that long-term appreciation may not justify the elevated entry cost. Family rental Acquiring this apartment for family rental purposes poses risks due to its overpriced status at €360,000, contrasted sharply with the fair value of €205,440, reflecting a 42.9% overprice. The underlying neighborhood ratings of 62/100 signal limited demand for family rentals, potentially impacting rental income stability and growth prospects.
Economic Vulnerability The economic stability score of 55/100 indicates a higher risk of economic fluctuations that may negatively impact property value and rental income.
