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, 3-bathroom apartment of 118 m², energy rating A. Located Olhão parish, Olhão municipality, Faro district. This apartment features two expansive balconies with views over the Olhão Marina, perfect for outdoor leisure and entertaining in the Algarve's inviting climate.
The valuation. The asking price of €1,290,000 significantly exceeds the fair value of €225,460, representing a steep overvaluation by €1,064,540 (82.5%). This indicates a property priced above its true market value.
Fair value modelled at €225,460 from the area baseline, adjusted for condition and location. Asking €1,290,000 sits €1,064,540 (82.5%) above — overpriced versus fair value.
Asking €1,290,000 versus the Olhão, Olhão, Faro area baseline of €349,634 (€2,963/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 (Condition 85 · Materials 84 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 60/100 (Housing Market 70 · Amenities 50 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Olhão, Olhão, Faro
Area baseline €349,634 + condition +€14,750 + location +€8,104 = modelled fair value of €225,460 (€1,911/m²), a €1,064,540 (82.5%) gap versus the €1,290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Olhão · 002284 | Subject | €1,290,000 | €10,932 | — | 85 | 60 |
| Olhão · 4d4668 | Active | €725,000 | €4,801 | 56.1% | 72 | 73 |
| rua Custódio Domingos Pereira Neto, 7 | Active | €430,000 | €4,624 | 57.7% | 74 | 71 |
| Olhão · 03252c | Active | €1,250,000 | €3,894 | 64.4% | 80 | 62 |
| rua Domingos Xavier Pereira | Active | €375,000 | €3,827 | 65.0% | 78 | 70 |
| Median comp | €577,500 | €4,259 | 61.0% | 76 | 71 |
Short-term vacation rental This property is overpriced at €1,290,000 with a fair value of only €225,460, indicating a significant gap of 82.5%. With a gross yield of 0%, it fails to present an attractive proposition for short-term vacation rental markets. Buy-and-hold With a fair value so drastically lower than the listing price, this 2-bed apartment is not a sound choice for a long-term buy-and-hold investment. The current valuation suggests that holding this property will not yield a reasonable return, especially considering the lack of rental income. Family rental Given that the property is listed significantly above its fair value, it may struggle to attract families looking for rental opportunities. The neighborhood rating of 60/100 further suggests that it may not meet the quality demands of family tenants, making it a less desirable investment. Not ideal for: Student housing, Luxury market, Industrial investment These strategies are clearly unsuitable due to the high listing price and mismatch with market demand dynamics in Olhão. The current overvaluation undermines any potential for profitability in these sectors.
Economic and Tenant Instability Risk: With both economic and tenant stability scores at 60/100, there is a significant risk of fluctuating income due to potential tenant turnover and local economic challenges.
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