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, 1-bathroom house of 60 m², built in 1937. Located Olhão parish, Olhão municipality, Faro district. This property features well-preserved traditional hydraulic mosaic tiles and exposed brick ceilings, adding a unique authenticity that enhances its charm and character.
The valuation. The asking price of €280,000 sits below the fair value of €304,650, indicating the property is fairly priced at €24,650 (8.1%) under the market assessment. This suggests a reasonable investment opportunity.
Fair value modelled at €304,650 from 6 comparable sales in the area. Asking €280,000 sits €24,650 (8.1%) below — the upside to fair value.
Asking €280,000 versus the Olhão, Olhão, Faro area baseline of €287,735 (€4,796/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €287,735, adjusted for condition and micro-location, gives a modelled fair value of €304,650 (€5,078/m²), a €24,650 (8.1%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Olhão · 4a44c0 | Subject | €280,000 | €4,667 | — | 75 | 69 |
| Olhão · 6a942f | Active | €280,000 | €5,091 | 9.1% | 70 | 58 |
| Olhão · fe6384 | Active | €370,000 | €5,692 | 22.0% | 78 | 66 |
| Quelfes · 6fba2a | Active | €339,000 | €3,942 | 15.5% | 75 | 73 |
| rua Doutor Ataíde Oliveira | Active | €395,000 | €5,064 | 8.5% | 68 | 68 |
| Median comp | €354,500 | €5,078 | 8.8% | 73 | 67 |
Short-term vacation rental The property’s proximity to Faro and its location in a region known for tourism offer potential for steady occupancy, though at a gross yield of 3.7%, it doesn't present an attractive return for investors seeking high-performing short-term rental assets. With a fair value slightly above the listing price, this investment may not fully capitalize on the local housing demand and seasonal rental fluctuations. Buy-and-hold While the property is competitively priced relative to fair market value, with a gap of just 8.1%, the overall yield remains modest at 3.7%, suggesting limited upside for long-term appreciation. The property’s condition scores 75/100, indicating it’s in decent shape, but investors should consider whether it meets their strategy for holding assets in a stable market. Family rental Given the neighborhood's quality rating of 69/100 and proximity to amenities, this property could appeal to families looking for stable housing options, yet its fair price suggests no significant financial advantage over other available rentals. With relatively low gross yield of 3.7%, families may find better value elsewhere despite the potential for consistent demand in the area.
Economic Risk The property has an economic stability score of 60/100, indicating potential vulnerability to economic downturns which could affect rental income.
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