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, 3-bathroom house of 144 m², built in 1995, energy rating D. Located on rua Serpa Pinto, Olhão parish, Olhão municipality, Faro district. Noteworthy Features: The property boasts a large outdoor patio equipped with a barbecue and kitchen, enhancing its entertainment potential, while also providing secured bicycle storage via street access.
The valuation. The asking price of €580,000 is significantly above the fair value of €269,189, exceeding it by €310,811 or 53.6%. This property is priced excessively considering its actual worth.
Fair value modelled at €269,189 from the area baseline, adjusted for condition and location. Asking €580,000 sits €310,811 (53.6%) above — overpriced versus fair value.
Asking €580,000 versus the rua Serpa Pinto area baseline of €426,672 (€2,963/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 73 · Materials 80 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 69/100 (Housing Market 70 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Serpa Pinto
Area baseline €426,672 + condition +€3,150 + location +€18,791 = modelled fair value of €269,189 (€1,869/m²), a €310,811 (53.6%) gap versus the €580,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Serpa Pinto | Subject | €580,000 | €4,028 | — | 73 | 69 |
| rua das Lavadeiras | Active | €470,000 | €4,796 | 19.1% | 76 | 59 |
| Olhão · 262065 | Active | €586,000 | €8,618 | 114.0% | — | 70 |
| rua de José Lopes de Sousa, 11 | Active | €400,000 | €4,124 | 2.4% | 75 | 60 |
| Olhão · cfddf5 | Active | €580,000 | €7,073 | 75.6% | 75 | 68 |
| Median comp | €525,000 | €5,935 | 47.3% | 75 | 64 |
Short-term vacation rental This property, with a gross yield of 3.9%, fails to justify its listing price of €580,000, given the fair value of €269,189 that indicates it is overpriced by 53.6%. The neighborhood's score of 69/100 and decent condition rating of 76/100 do not sufficiently support the potential for lucrative short-term rental income. Long-term rental While some demand exists due to the Algarve's appeal, this property is still overpriced at €580,000, as evidenced by its significant valuation gap of 53.6% compared to the fair value of €269,189. With a gross yield of 3.9% and a neighborhood rating of 69/100, the long-term rental strategy does not present a financially sound opportunity. Buy-and-hold The 3-bedroom house in Olhão is overpriced at €580,000 and does not align with a buy-and-hold investment strategy, given the substantial 53.6% gap from its fair value of €269,189. Despite the area's appeal to tourists and retirees, the lack of urban employment options limits long-term appreciation potential in the property. Not ideal for: Student housing, Luxury market, Industrial investment
Economic Instability Risk The economic stability score of 65/100 indicates potential vulnerabilities in the local economy that could affect property values and rental income.
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