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, 2-bathroom apartment of 137 m², energy rating B. Located on avenida da República, Olhão parish, Olhão municipality, Faro district. Noteworthy Features: This apartment boasts two front-facing balconies that maximize natural light, and a spacious covered balcony ideal for outdoor dining, enhancing its overall appeal.
The valuation. The asking price of €395,000 is significantly above its fair value of €229,828, making it overpriced by €165,172 (41.8%). This misalignment indicates that potential investors may face challenges in achieving expected returns.
Fair value modelled at €229,828 from the area baseline, adjusted for condition and location. Asking €395,000 sits €165,172 (41.8%) above — overpriced versus fair value.
Asking €395,000 versus the avenida da República area baseline of €405,931 (€2,963/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 70 · Materials 68 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 57/100 (Housing Market 60 · Amenities 55 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
avenida da República
Area baseline €405,931 + condition -€11,987 + location +€6,586 = modelled fair value of €229,828 (€1,678/m²), a €165,172 (41.8%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida da República | Subject | €395,000 | €2,883 | — | 70 | 57 |
| avenida dos Bombeiros Municipais de Olhão | Active | €361,000 | €3,252 | 12.8% | 75 | 74 |
| rua Custódio Domingos Pereira Neto, 7 | Active | €430,000 | €4,624 | 60.4% | 74 | 71 |
| urbanização Sporting Clube Olhanense, 4 | Active | €361,000 | €3,282 | 13.8% | 73 | 63 |
| urbanização Sporting Clube Olhanense, 4 | Active | €375,000 | €3,409 | 18.2% | 72 | 63 |
| Median comp | €368,000 | €3,346 | 16.0% | 74 | 67 |
Long-term rental The apartment's fair value at €229,828 indicates that it is overpriced at €395,000, leading to a significant 41.8% gap. With a gross yield of 3.9% and a condition rating of 69/100, this investment may struggle to attract long-term tenants in a neighbourhood rated only 57/100. Short-term vacation rental While the location in Algarve appeals to seasonal tourists, the 41.8% gap between the asking price and fair value suggests the property is overpriced at €395,000. The current condition and average neighbourhood rating may also limit its appeal in the competitive vacation rental market. Buy-and-hold Given its pricing at €395,000 versus a fair value of €229,828, the property is clearly overpriced, making it a less attractive buy-and-hold opportunity. The economic volatility driven by seasonal tourism further complicates the potential for long-term appreciation in this investment.
Economic Instability Risk The economic stability score of 55 indicates a higher risk of economic downturns affecting property values and tenant reliability, while the tenant stability score of 60 further suggests a moderate potential for vacancies or payment issues.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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