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, 2-bathroom apartment of 117 m² on the 7th floor, built in 1983, energy rating C. Located on avenida Doutor Bernardino da Silva, Olhão parish, Olhão municipality, Faro district. This apartment features a large balcony that wraps around two sides, providing ideal sun exposure and unobstructed views of the city and sea.
The valuation. The asking price of €315,000 is €22,500 (7.7%) above fair value at €292,500, indicating a fair valuation for this property. Buy-to-flip angle. The property could be targeted for a short-term vacation rental strategy, capitalizing on its tourist appeal and potential resale value. Buy-to-let angle. With an estimated rental income of €1,024/month, the gross yield stands at 3.9%, making it an attractive opportunity for long-term rental investments.
Fair value modelled at €292,500 from 5 comparable sales in the area. Asking €315,000 sits €22,500 (7.7%) above — overpriced versus fair value.
Asking €315,000 versus the avenida Doutor Bernardino da Silva area baseline of €234,723 (€2,006/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €234,723, adjusted for condition and micro-location, gives a modelled fair value of €292,500 (€2,500/m²), a €22,500 (7.7%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Doutor Bernardino da Silva | Subject | €315,000 | €2,692 | — | 80 | 70 |
| praça João de Deus, 26 | Active | €295,000 | €2,034 | 24.4% | 78 | 61 |
| Quelfes · 49b7b7 | Active | €290,000 | €2,589 | 3.8% | 74 | 60 |
| Quelfes · 001a0c | Active | €340,000 | €2,500 | 7.1% | 73 | 71 |
| estrada de Quelfes | Active | €299,500 | €2,186 | 18.8% | 73 | 71 |
| Median comp | €297,250 | €2,343 | 13.0% | 74 | 66 |
Short-term vacation rental The property offers a reasonable gross yield of 3.9%, making it a decent option for short-term vacation rentals in a tourist-heavy area like Olhão. However, the property's fair value indicates it is not a bargain, giving potential investors a fair price point with modest growth prospects. Long-term rental With a fair value of €292,500 and a yield of 3.9%, this property can be considered as a stable long-term rental investment, but it's not positioned as an exceptionally lucrative opportunity. The condition rating of 82/100 suggests good tenant appeal, though the valuation suggests it is priced fairly rather than at a discount. Buy-and-hold Investing in this Olhão apartment for a buy-and-hold strategy presents a fair opportunity for potential appreciation in value aligned with market conditions. The overall assessment indicates that while prospects for growth exist, the current asking price implies a lack of immediate undervaluation, positioning it as a fair investment.
Economic vulnerability With both economic and tenant stability scores at 65/100, there is a heightened risk of market declines affecting property performance, potentially leading to lower rental income or increased vacancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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