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 house of 150 m², energy rating E. Located Olhão parish, Olhão municipality, Faro district. Noteworthy Features: This property includes a cozy independent apartment suitable for local accommodation, and boasts a privileged view over the Ria Formosa and Algarve mountains from multiple terraces.
The valuation. The asking price of €690,000 is significantly above the fair value of €274,224, reflecting an excess of €415,776 (60.3%). The property is clearly overpriced, making it a less attractive investment.
Fair value modelled at €274,224 from the area baseline, adjusted for condition and location. Asking €690,000 sits €415,776 (60.3%) above — overpriced versus fair value.
Asking €690,000 versus the Olhão, Olhão, Faro area baseline of €444,450 (€2,963/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 71 · Materials 82 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 63/100 (Housing Market 70 · Amenities 60 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Olhão, Olhão, Faro
Area baseline €444,450 + condition +€3,281 + location +€13,393 = modelled fair value of €274,224 (€1,828/m²), a €415,776 (60.3%) gap versus the €690,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Olhão · 6ebb49 | Subject | €690,000 | €4,600 | — | 71 | 63 |
| rua de José Lopes de Sousa, 11 | Active | €400,000 | €4,124 | 10.4% | 75 | 60 |
| Olhão · 1e6029 | Active | €400,000 | €4,124 | 10.4% | 76 | 70 |
| Quelfes · 6fbc8e | Active | €570,000 | €2,591 | 43.7% | 70 | 59 |
| via Alameda em Olhão | Active | €230,000 | €2,500 | 45.7% | 58 | 70 |
| Median comp | €400,000 | €3,358 | 27.0% | 73 | 65 |
Short-term vacation rental The property is overpriced at €690,000, with a fair value of only €274,224, indicating a significant 60.3% gap. Coupled with a low gross yield of 2.5% and limited economic support, this house is unlikely to provide a sustainable return in the competitive vacation rental market. Buy-and-hold This investment strategy is undermined by the property’s overpricing, as the market value of €690,000 far exceeds the fair value of €274,224, representing a 60.3% disparity. The anticipated return is further compromised by a low yield of 2.5% and a neighborhood rating of 63/100, signaling a lack of long-term value growth potential. Family rental Despite the property's appeal for family rental opportunities, its pricing at €690,000 versus a fair value of €274,224 highlights a 60.3% misalignment that renders it overpriced. Additionally, the current gross yield of only 2.5% may not meet the financial expectations of landlords in a neighborhood with a moderate 63/100 rating.
Economic volatility risk The property faces potential economic volatility due to both the economic stability and tenant stability scores being at 60/100, indicating a higher likelihood of fluctuations in rental income and demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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