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.
1-bedroom, 1-bathroom apartment of 70 m², built in 1968, energy rating E. Located on rua Doutor Alberto Iria, 2, Olhão parish, Olhão municipality, Faro district. Key Features: This fully renovated apartment includes a versatile additional room ideal for a home office and boasts two balconies enhancing the living experience with outdoor space.
The valuation. The asking price of €282,000 is significantly above fair value of €138,555, resulting in an overpricing of €143,445 (50.9%). This property does not present a compelling investment opportunity. Buy-to-flip angle. The buy-to-flip strategy would be ineffective here, given the significant price differential between asking and fair value; flipping this property would likely lead to losses. Buy-to-let angle. With a gross yield of 3.5% and estimated rental income of €823/month, the buy-to-let strategy could provide some income; however, the high acquisition cost limits overall profitability.
Fair value modelled at €138,555 from the area baseline, adjusted for condition and location. Asking €282,000 sits €143,445 (50.9%) above — overpriced versus fair value.
Asking €282,000 versus the rua Doutor Alberto Iria, 2 area baseline of €207,410 (€2,963/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 (Condition 85 · Materials 86 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 70 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Doutor Alberto Iria, 2
Area baseline €207,410 + condition +€8,750 + location +€9,615 = modelled fair value of €138,555 (€1,979/m²), a €143,445 (50.9%) gap versus the €282,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Alberto Iria, 2 | Subject | €282,000 | €4,029 | — | 85 | 70 |
| urbanização João de Ourém | Active | €355,000 | €3,008 | 25.3% | 75 | 70 |
| Quelfes · 001a0c | Active | €340,000 | €2,500 | 37.9% | 73 | 71 |
| avenida da República S / N | Active | €259,000 | €2,564 | 36.3% | 72 | 71 |
| rua José Agostinho de Macedo, 8 | Active | €244,500 | €2,397 | 40.5% | 72 | 61 |
| Median comp | €299,500 | €2,532 | 37.1% | 73 | 71 |
Short-term vacation rental This property, despite being located in the Algarve, a prime vacation destination, is overpriced at €282,000 versus a fair value of €138,555, indicating a significant gap of 50.9%. With a gross yield of only 3.5%, the current price structure does not justify the investment for short-term rentals given the potential returns. Buy-and-hold Holding this property as a long-term investment is unwise, as its current valuation is marked at €282,000, which is well above its fair value of €138,555, representing an excessive premium of 50.9%. The anticipated yield of 3.5% gross does not align with the valuation, suggesting limited appreciation potential in a rising market. Long-term rental The property is not a suitable candidate for long-term rental investments, especially at its asking price of €282,000, which significantly exceeds the fair value of €138,555 by 50.9%. A gross yield of 3.5% reinforces the notion that this investment is not likely to deliver satisfactory returns relative to its inflated price. Not ideal for This property is not suitable for industries such as student housing or luxury markets, which typically demand properties priced within more realistic valuations. The overpriced nature of this listing at €282,000 indicates that it is far removed from the typical requirements of these markets.
Economic Vulnerability The property faces economic vulnerability due to a relatively low economic stability score of 65/100, indicating potential fluctuations in local market performance.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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