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, 2-bathroom apartment of 110 m² on the 1st floor, energy rating A+. Located Olhão parish, Olhão municipality, Faro district. This apartment features a magnificent private terrace offering direct views of the Ria Formosa Natural Park, enhancing the outdoor living experience in a serene environment.
The valuation. The asking price of €630,000 exceeds the fair value of €521,138 by €108,862, or 20.9%. This property is deemed overpriced based on current market conditions.
Fair value modelled at €521,138 from 6 comparable sales in the area. Asking €630,000 sits €108,862 (20.9%) above — overpriced versus fair value.
Asking €630,000 versus the Olhão, Olhão, Faro area baseline of €459,813 (€4,180/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €459,813, adjusted for condition and micro-location, gives a modelled fair value of €521,138 (€4,738/m²), a €108,862 (20.9%) gap versus the €630,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Olhão · 6a9448 | Subject | €630,000 | €5,727 | — | 80 | 62 |
| Olhão · 0900df | Active | €600,000 | €5,825 | 1.7% | 88 | 65 |
| Olhão · 4d4668 | Active | €725,000 | €4,801 | 16.2% | 72 | 73 |
| Olhão · 002284 | Active | €1,290,000 | €10,932 | 90.9% | 85 | 60 |
| rua Domingos Xavier Pereira | Active | €375,000 | €3,827 | 33.2% | 78 | 70 |
| Median comp | €662,500 | €5,313 | 7.2% | 82 | 68 |
Short-term vacation rental While this property is situated in a popular tourist destination in Algarve, the current pricing of €630,000 is 20.9% above the fair value, making it an overvalued investment. With a gross yield of only 1.9%, this property may not provide adequate returns in the competitive short-term rental market. Buy-and-hold The €630,000 asking price indicates a significant gap from the fair value, suggesting a poor long-term hold strategy for this property. With a low yield of 1.9% and a neighborhood rating of 62/100, the prospect for appreciation is limited, making it a less attractive buy-and-hold option. Value-add renovation Investing in renovations for this property priced at €630,000 may not generate sufficient returns due to its current overvaluation of 20.9% above fair value. The existing condition rating of 83/100 suggests minimal immediate improvements, reducing the potential for profitable value-add strategies in an already overpriced market.
Potential tenant turnover risk With both economic and tenant stability scores at 60/100, there's a moderate risk of tenant turnover that could lead to increased vacancy rates and associated costs in filling those vacancies.
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