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 spacious patio includes an outdoor kitchen and barbecue area, ideal for entertaining, complemented by a private terrace offering panoramic views of the cityscape.
The valuation. The asking price of €580,000 sits €110,612 or 16.0% below the fair value of €690,612, indicating the property is underpriced in the current market context.
Fair value modelled at €690,612 from 5 comparable sales in the area. Asking €580,000 sits €110,612 (16.0%) below — the upside to fair value.
Asking €580,000 versus the rua Serpa Pinto area baseline of €649,659 (€4,512/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €649,659, adjusted for condition and micro-location, gives a modelled fair value of €690,612 (€4,796/m²), a €110,612 (16.0%) gap versus the €580,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Serpa Pinto | Subject | €580,000 | €4,028 | — | 72 | 67 |
| rua Serpa Pinto, 17 | Active | €620,000 | €3,131 | 22.3% | 70 | 62 |
| rua das Lavadeiras | Active | €470,000 | €4,796 | 19.1% | 76 | 59 |
| Olhão · 6a92c5 | Active | €529,000 | €7,779 | 93.1% | 78 | 66 |
| Olhão · 262065 | Active | €586,000 | €8,618 | 114.0% | — | 70 |
| Median comp | €557,500 | €6,288 | 56.1% | 76 | 64 |
Short-term vacation rental The property in Olhão presents an attractive opportunity as a short-term vacation rental, given its fair value of €690,612 compared to the listing price of €580,000, indicating it is underpriced by 16%. With the Algarve’s robust tourism sector, the property’s 3.9% gross yield offers a promising return on investment in a sought-after location. Long-term rental As a long-term rental, this property is appealing due to its competitive pricing below fair value, creating the potential for stable rental income. The 76/100 condition rating and the neighborhood's amenities support a solid tenant base, allowing for consistent occupancy rates. Buy-and-hold Investing in this property as a buy-and-hold strategy is compelling, especially with the fair value substantially outperforming the current asking price. With the favorable market conditions in Algarve and a valuation gap of 16%, such an investment holds promise for appreciation over time.
Tenant turnover risk The combined economic and tenant stability scores of 65/100 suggest potential challenges in tenant retention and may lead to increased vacancy rates or tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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