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, 2-bathroom apartment of 105 m² on the 2nd floor, built in 2014, energy rating B. Located Pechão parish, Olhão municipality, Faro district. Noteworthy Features: This apartment includes a bright living room with versatile space usage, and a rooftop terrace providing panoramic views ideal for relaxation and social gatherings.
The valuation. The asking price of €375,000 is significantly above fair value, which is estimated at €305,073, resulting in an overpricing of €69,927 (22.9%). This discrepancy indicates that the property is not a favorable investment at this price point.
Fair value modelled at €305,073 from 6 comparable sales in the area. Asking €375,000 sits €69,927 (22.9%) above — overpriced versus fair value.
Asking €375,000 versus the Pechão, Olhão, Faro area baseline of €243,528 (€2,319/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €243,528, adjusted for condition and micro-location, gives a modelled fair value of €305,073 (€2,905/m²), a €69,927 (22.9%) gap versus the €375,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Pechão · efdcac | Subject | €375,000 | €3,571 | — | 75 | 66 |
| urbanização Sporting Clube Olhanense, 4 | Active | €361,000 | €3,282 | 8.1% | 73 | 63 |
| rua Domingos Xavier Pereira | Active | €375,000 | €3,827 | 7.1% | 78 | 70 |
| rua 25 de Abril | Active | €380,000 | €2,375 | 33.5% | 74 | 55 |
| rua António Henriques Cabrita em Olhão | Active | €309,000 | €2,687 | 24.8% | 72 | 69 |
| Median comp | €368,000 | €2,985 | 16.4% | 74 | 66 |
Short-term vacation rental The property is overpriced at €375,000 compared to a fair value of €305,073, resulting in a 22.9% gap that diminishes the appeal for short-term rentals in a tourist-heavy location. With a gross yield of 0% and a neighborhood rating of 66/100, the potential for strong returns is limited. Buy-and-hold This 3-bed apartment in Pechão is overpriced, creating a barrier for long-term value appreciation given the fair value of €305,073 against the asking price of €375,000. The property’s condition rating of 78/100 indicates potential maintenance costs that could further erode any prospective returns for a buy-and-hold strategy. Family rental At a listing price of €375,000, which exceeds the fair value of €305,073, the property is overpriced and may not attract stable family tenants willing to pay a premium in a neighborhood rated 66/100. The lack of gross rental yield also suggests difficulties in generating consistent cash flow for family rental purposes.
Economic and Tenant Instability Risk: With both economic stability and tenant stability scores at 60/100, there is a significant risk that fluctuations in the local economy or tenant turnover could adversely impact cash flow and occupancy rates.
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