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, 1-bathroom apartment of 134 m², built in 2006, energy rating C. Located on rua de Olivença, 19, Olhão parish, Olhão municipality, Faro district. Noteworthy Features: The property offers a spacious private terrace of 25 m², perfect for outdoor gatherings and enhanced by the apartment's excellent sun exposure throughout the day.
The valuation. The asking price of €298,000 is below the fair value of €339,312, indicating the property is underpriced by €41,312 (12.2%). This presents an attractive opportunity for potential investors.
Fair value modelled at €339,312 from 6 comparable sales in the area. Asking €298,000 sits €41,312 (12.2%) below — the upside to fair value.
Asking €298,000 versus the rua de Olivença, 19 area baseline of €315,957 (€2,358/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €315,957, adjusted for condition and micro-location, gives a modelled fair value of €339,312 (€2,532/m²), a €41,312 (12.2%) gap versus the €298,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Olivença, 19 | Subject | €298,000 | €2,224 | — | 65 | 73 |
| avenida Doutor Bernardino da Silva | Active | €315,000 | €2,692 | 21.1% | 76 | 65 |
| rua do Caminho de Ferro, 8 | Active | €290,000 | €2,816 | 26.6% | 65 | 68 |
| rua Vasco da Gama | Active | €270,000 | €2,328 | 4.7% | 68 | 63 |
| Quelfes · 001a0c | Active | €340,000 | €2,500 | 12.4% | 73 | 71 |
| Median comp | €302,500 | €2,596 | 16.7% | 71 | 67 |
Short-term vacation rental The property in Olhão presents a promising opportunity for short-term vacation rental given its fair value gap of 12.2%, indicating potential for strong returns. With a gross yield of 3.8% and proximity to Algarve tourist attractions, it is well-positioned to attract seasonal visitors seeking quality accommodations. Buy-and-hold This 2-bed apartment is a compelling buy-and-hold investment due to its subvalorizada status and solid neighborhood ratings of 73/100. As the region continues to develop, long-term appreciation is likely, supported by the town's economic landscape and consistent demand from residents. Long-term rental Acquiring this property for long-term rental aligns well with market dynamics, especially considering its location and average yield of 3.8%. The overall condition rating of 70/100 complements its appeal to potential tenants seeking stable housing in a safe neighborhood. Not ideal for Due to its characteristics and market conditions, this property is not suitable for student housing or the luxury market. Additionally, the current condition suggests it is not a candidate for value-add renovation, limiting potential upside in that area.
Tenant retention concerns With a tenant stability score of 70/100, there is a risk of potential turnover impacting cash flow and occupancy rates, especially if economic stability remains at 65/100.
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