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 83 m² on the 4th floor, built in 1978, energy rating G. Located on rua Almirante Reis, 156, Olhão parish, Olhão municipality, Faro district. This apartment offers dual-balcony outdoor space and unobstructed city views, making it ideal for enjoying Olhão's vibrant lifestyle while basking in natural sunlight throughout the day.
The valuation. The asking price of €275,000 is slightly below the fair value of €283,895, with a difference of €8,895, or 3.1%, indicating a fair market position for this property. Buy-to-flip angle. A buy-to-flip strategy could capitalize on the basic condition of the apartment by implementing cost-effective upgrades, potentially leading to a profitable resale in a tourism-driven market. Buy-to-let angle. The estimated rental income of €848 per month provides a gross yield of 3.7%, making it a viable option for long-term rental in a predominantly tourist area.
Fair value modelled at €283,895 from 6 comparable sales in the area. Asking €275,000 sits €8,895 (3.1%) below — the upside to fair value.
Asking €275,000 versus the rua Almirante Reis, 156 area baseline of €282,848 (€3,408/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 is below the parish average, reducing 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 €282,848, adjusted for condition and micro-location, gives a modelled fair value of €283,895 (€3,420/m²), a €8,895 (3.1%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Almirante Reis, 156 | Subject | €275,000 | €3,313 | — | 70 | 66 |
| Quelfes · 622722 | Active | €270,000 | €3,140 | 5.2% | 75 | 64 |
| rua José Agostinho de Macedo, 8 | Active | €244,500 | €2,397 | 27.7% | 72 | 61 |
| Olhão · 1f3469 | Active | €265,000 | €4,818 | 45.4% | 60 | 61 |
| Quelfes · 0dce47 | Active | €240,000 | €2,202 | 33.5% | 75 | 63 |
| Median comp | €254,750 | €2,769 | 16.4% | 74 | 62 |
Short-term vacation rental The property's gross yield of 3.7% makes it a reasonable investment in the short-term vacation rental market, particularly given Olhão's appeal as a tourist destination in the Algarve. However, with a fair value slightly above the listing price, it may not offer significant upside potential. Buy-and-hold As a buy-and-hold investment, the 2-bed apartment could provide stable returns given its location in a tourist-friendly area, although the fair value of €283,895 suggests it is priced appropriately for its characteristics. The condition and neighborhood ratings indicate that while it may not dramatically appreciate, it can still serve as a reliable long-term asset. Long-term rental With a neighborhood rating of 66/100, the property is positioned adequately for long-term rentals but does not exhibit a strong attractiveness based on the current price when compared to its fair value. Investors might find it challenging to maximize cash flow given the existing gross yield of 3.7% and prevailing market conditions.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk due to potential volatility in local economic conditions that could affect tenant demand and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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