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, 2-bathroom apartment of 131 m², energy rating D. Located Pechão parish, Olhão municipality, Faro district. Noteworthy Features: The apartment includes a fully equipped kitchen with a pantry for additional storage, two balconies with direct access from each bedroom, and air conditioning throughout for enhanced comfort.
The valuation. The asking price of €349,000 is significantly above fair value, which is €238,670, indicating an excessive price gap of €110,330 (31.6%). As such, the property is deemed overpriced.
Fair value modelled at €238,670 from the area baseline, adjusted for condition and location. Asking €349,000 sits €110,330 (31.6%) above — overpriced versus fair value.
Asking €349,000 versus the Pechão, Olhão, Faro area baseline of €389,332 (€2,972/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 78 · 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 65). Strong amenities and housing-market momentum support a premium to baseline.
Pechão, Olhão, Faro
Area baseline €389,332 + condition +€2,047 + location +€11,696 = modelled fair value of €238,670 (€1,822/m²), a €110,330 (31.6%) gap versus the €349,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pechão · 483a58 | Subject | €349,000 | €2,664 | — | 74 | 63 |
| Quelfes · 23f3bd | Active | €285,000 | €3,701 | 38.9% | 75 | 75 |
| rua 25 de Abril | Active | €380,000 | €2,375 | 10.9% | 74 | 55 |
| urbanização Sporting Clube Olhanense, 4 | Active | €361,000 | €3,282 | 23.2% | 73 | 63 |
| Conceição e Estoi · 96c188 | Active | €799,000 | €6,658 | 149.9% | 78 | 53 |
| Median comp | €370,500 | €3,492 | 31.1% | 75 | 59 |
Short-term vacation rental This 2-bed apartment in Pechão, Olhão, is overpriced at €349,000 compared to the fair value of €238,670, reflecting a significant 31.6% gap. With a gross yield of 0% and a neighbourhood rating of 63/100, its potential for short-term rental income is limited against the backdrop of a seasonal tourism-driven economy. Buy-and-hold Holding this property as a long-term investment appears impractical, given its overpriced status at €349,000, significantly above the fair value of €238,670. The combination of a low yield and moderate condition rating of 76/100 suggests that capital appreciation may not meet investor expectations. Family rental This apartment is not ideally positioned for family rental, as its price of €349,000 exceeds the fair value of €238,670 by 31.6%. The lack of yield and the neighbourhood rating of 63/100 highlight challenges in attracting long-term family tenants at this price point.
Economic Vulnerability With an economic stability score of 60/100, there is a risk that adverse economic conditions could negatively impact the property value and rental income.
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