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, 2-bathroom apartment of 103 m² on the 2nd floor, built in 1975, energy rating C. Located on rua do Caminho de Ferro, 8, Olhão parish, Olhão municipality, Faro district. Noteworthy Features: The apartment boasts a spacious terrace and balcony with views, enhancing outdoor living, while updates to plumbing systems offer added comfort.
The valuation. The asking price of €290,000 is significantly above the fair value of €246,145, indicating the property is overpriced by €43,855 (17.8%). This discrepancy suggests a lack of alignment between market expectations and the property’s true worth. Buy-to-flip angle. A buy-to-flip strategy would require significant investment in renovations to elevate the apartment's market appeal. With some high-end finishes, a targeted resale could generate a profit if priced correctly against competitive listings. Buy-to-let angle. A rental income strategy estimates a gross yield of 5.3%, translating to approximately €1,281 per month. This income potential makes the property a viable option for long-term rentals amidst a mixed neighborhood.
Fair value modelled at €246,145 from 6 comparable sales in the area. Asking €290,000 sits €43,855 (17.8%) above — overpriced versus fair value.
Asking €290,000 versus the rua do Caminho de Ferro, 8 area baseline of €243,844 (€2,367/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 64/100 is below the parish average, reducing 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 €243,844, adjusted for condition and micro-location, gives a modelled fair value of €246,145 (€2,390/m²), a €43,855 (17.8%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Caminho de Ferro, 8 | Subject | €290,000 | €2,816 | — | 65 | 68 |
| rua Almirante Reis | Active | €255,000 | €2,452 | 12.9% | 60 | 61 |
| rua Vasco da Gama | Active | €270,000 | €2,328 | 17.3% | 68 | 63 |
| estrada de Quelfes | Active | €299,500 | €2,186 | 22.4% | 73 | 71 |
| Quelfes · 49b7b7 | Active | €290,000 | €2,589 | 8.0% | 74 | 60 |
| Median comp | €280,000 | €2,390 | 15.1% | 71 | 62 |
Long-term rental The property is currently listed at €290,000, which is significantly above its fair value of €246,145, indicating it is overpriced by 17.8%. With a gross yield of only 5.3%, the long-term rental potential may not satisfy investment criteria given this pricing disparity. Short-term vacation rental Given the high listing price of €290,000 compared to the fair value of €246,145, this apartment is overpriced by 17.8%. The condition (64/100) and neighborhood rating (68/100) suggest limited appeal for short-term rentals in a competitive market that favors lower-priced options. Buy-and-hold At €290,000, this property is overpriced by 17.8% compared to its fair value of €246,145, which could impede potential long-term appreciation. Furthermore, the average condition and neighborhood ratings raise concerns about the potential for robust long-term capital gains in this investment strategy.
Economic downturn risk A score of 65/100 in economic stability suggests potential vulnerabilities in market conditions that could impact property value and rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
