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, 4-bathroom house of 156 m², energy rating F. Located on rua de Sant'Ana, Olhão parish, Olhão municipality, Faro district. This property comes with an approved renovation project, streamlining the development process and offering immediate potential for value addition in a sought-after residential area.
The valuation. The asking price of €270,000 is slightly below the fair value of €282,359, indicating it is fairly priced with a difference of €12,359 (4.4%). This makes it a reasonable investment opportunity.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Sant'Ana | Subject | €270,000 | €1,731 | — | — | 64 |
| urbanização Cerro Azul | Active | €495,000 | €1,375 | 20.6% | — | 70 |
| Pechão · 6c798f | Active | €400,000 | €1,802 | 4.1% | 15 | 70 |
| Quelfes · 23f394 | Active | €650,000 | €2,490 | 43.9% | 38 | 50 |
| Quelfes · 65309f | Active | €537,000 | €2,782 | 60.8% | 58 | 65 |
| Median comp | €516,000 | €2,146 | 24.0% | 38 | 68 |
Short-term vacation rental This property in Olhão offers a solid gross yield of 6.9%, aligning well with the strong tourism-driven demand typical of the Algarve region. However, its condition rating of 0/100 suggests significant investment will be required to make it appealing to short-term guests, making it a less desirable candidate for this strategy. Buy-and-hold While the property is priced fairly with a 4.4% gap from its fair value, its current poor condition may hinder immediate capital growth in the long term. Given the economic reliance on tourism in Algarve, holding this property could yield steady returns once adequate upgrades are made to improve its marketability. Long-term rental The gross yield of 6.9% presents a compelling case for long-term rental, especially in a neighborhood scoring 64/100 for livability. However, the need for extensive renovations before tenants can move in may impact initial rental income, suggesting caution for investors looking for immediate returns.
Economic Vulnerability The economic stability score of 60 indicates susceptibility to downturns, which could adversely affect rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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