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 92 m² on the 1st floor, energy rating B. Located on rua Nossa Senhora do Carmo, Moncarapacho e Fuseta parish, Olhão municipality, Faro district. Noteworthy Feature: This apartment includes a large terrace with panoramic sea views, ideal for entertaining or relaxation, and is in proximity to the vibrant local market and seafood restaurants.
The valuation. The asking price of €420,000 sits below the fair value of €445,415 by €25,415 (5.7%). This positions the property as fairly priced in a competitive market. Buy-to-flip angle. The strategy for resale involves renovating the apartment to enhance its appeal and targeting potential buyers looking for modern finishes, maximizing returns on investment. Buy-to-let angle. Utilizing a rental income strategy, this property is expected to generate approximately €1,575 per month, yielding a gross rental return of 4.5% in a region known for its tourist traffic and expatriate attraction.
Fair value modelled at €445,415 from 5 comparable sales in the area. Asking €420,000 sits €25,415 (5.7%) below — the upside to fair value.
Asking €420,000 versus the rua Nossa Senhora do Carmo area baseline of €395,447 (€4,298/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €395,447, adjusted for condition and micro-location, gives a modelled fair value of €445,415 (€4,841/m²), a €25,415 (5.7%) gap versus the €420,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Nossa Senhora do Carmo | Subject | €420,000 | €4,565 | — | 75 | 63 |
| rua da Cegonha | Active | €460,000 | €5,000 | 9.5% | 75 | 64 |
| Moncarapacho e Fuseta · 4d466b | Active | €345,000 | €3,286 | 28.0% | 75 | 70 |
| Moncarapacho e Fuseta · 4d4653 | Active | €375,000 | €3,319 | 27.3% | 75 | 65 |
| rua da Liberdade | Active | €397,000 | €4,841 | 6.1% | 75 | 65 |
| Median comp | €386,000 | €4,080 | 10.6% | 75 | 65 |
Long-term rental The property presents a moderate gross yield of 4.5%, indicating a stable but not exceptional investment for long-term rentals. Given its fair valuation at €420,000, the expected returns align with the property's condition score of 78/100, suggesting adequate appeal to potential tenants. Short-term vacation rental With the Algarve region's strong tourism appeal, the property could serve well in the short-term vacation rental market; however, it would need to compete with other listings in a seasonal environment. The fair value assessment at €420,000 reflects potential for adequate occupancy but does not indicate a pricing advantage. Buy-and-hold Buying this apartment as a hold strategy might not yield significant short-term appreciation given its fair value of €420,000 in a fluctuating market. The potential for long-term gains is present, but current pricing suggests that investors should be cautious, as the property is fairly priced in a competitive landscape. Not ideal for: Student housing, Luxury market, Industrial investment.
Economic vulnerability The economic stability score of 55/100 indicates a higher risk of economic downturns which may affect rental income and property value.
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