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.
5-bedroom, 2-bathroom house of 160 m², built in 1950, energy rating D. Located on rua Manuel Tomé Viegas Vaz, Olhão parish, Olhão municipality, Faro district. Highlight: The property features a spacious terrace with exceptional views of the Ria Formosa, ideal for transforming into a vibrant outdoor living space post-renovation.
The valuation. The asking price of €360,000 is significantly above the fair value of €139,802, resulting in an overpricing of €220,198 (61.2%). This indicates that potential investors may need to reconsider and negotiate aggressively.
Fair value modelled at €139,802 from the area baseline, adjusted for condition and location. Asking €360,000 sits €220,198 (61.2%) above — overpriced versus fair value.
Asking €360,000 versus the rua Manuel Tomé Viegas Vaz area baseline of €471,360 (€2,946/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 14/100 (Condition 10 · Materials 15 · Room dimensions 20). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 66/100 (Housing Market 70 · Amenities 60 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Manuel Tomé Viegas Vaz
Area baseline €471,360 + condition -€152,500 + location +€17,582 = modelled fair value of €139,802 (€874/m²), a €220,198 (61.2%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Manuel Tomé Viegas Vaz | Subject | €360,000 | €2,250 | — | — | 66 |
| rua Belmonte de Cima, 307 | Active | €400,000 | €1,818 | 19.2% | — | 62 |
| rua da Cerca, 66 | Active | €365,000 | €2,786 | 23.8% | 40 | 61 |
| Olhão · 82c6a1 | Active | €700,000 | €1,961 | 12.9% | — | 65 |
| avenida dos Bombeiros Municipais de Olhão | Active | €249,000 | €2,075 | 7.8% | 30 | 62 |
| Median comp | €382,500 | €2,018 | 10.3% | 35 | 62 |
Short-term vacation rental The property’s current asking price of €360,000 exceeds the fair value by 61.2%, indicating a significant mismatch that can deter potential investors. With a gross yield of 5.9% and a neighborhood score of 66/100, the profitability of short-term rentals is compromised by the inflated entry cost. Long-term rental Although the yielding potential appears promising at 5.9%, the property’s price of €360,000 is overpriced, reducing overall investment appeal for long-term rentals. The property's condition rating of 14/100 further detracts from its viability, increasing the likelihood of higher maintenance costs and tenant turnover. Buy-and-hold Investing in this 5-bed house as a long-term buy-and-hold strategy is not ideal due to the significant overvaluation at €360,000, which undermines the long-term capital appreciation prospects. Additionally, with a low condition rating of 14/100, the substantial initial investment may lead to persistent and costly renovations, further diminishing overall returns.
[Economic Vulnerability] The economic stability score of 65/100 indicates a potential for fluctuations in market conditions, which may negatively impact tenant demand and rental income stability.
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