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 house of 52 m², built in 1951, energy rating C. Located on rua Gonçalo Velho, Moncarapacho e Fuseta parish, Olhão municipality, Faro district. Unique feature: Enjoy the luxury of a magnificent winter garden designed for leisure moments and a spacious terrace offering stunning views over the village and sea.
The valuation. The asking price of €495,000 is significantly above the fair value of €293,661, representing an overvaluation of €201,339 (68.6%). This property is overpriced relative to its intrinsic worth.
Fair value modelled at €293,661 from 6 comparable sales in the area. Asking €495,000 sits €201,339 (68.6%) above — overpriced versus fair value.
Asking €495,000 versus the rua Gonçalo Velho area baseline of €250,587 (€4,819/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €250,587, adjusted for condition and micro-location, gives a modelled fair value of €293,661 (€5,647/m²), a €201,339 (68.6%) gap versus the €495,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Gonçalo Velho | Subject | €495,000 | €9,519 | — | 76 | 70 |
| Luz de Tavira e Santo Estévão · 19f7b3 | Active | €864,000 | €7,200 | 24.4% | 70 | 70 |
| Moncarapacho e Fuseta · b45349 | Active | €475,000 | €6,985 | 26.6% | 73 | 61 |
| jardim Pechão | Active | €550,000 | €6,875 | 27.8% | 72 | 64 |
| Moncarapacho e Fuseta · f36390 | Active | €460,000 | €2,473 | 74.0% | 78 | 57 |
| Median comp | €512,500 | €6,930 | 27.2% | 73 | 63 |
Long-term rental The €495,000 listing price significantly exceeds the fair value of €293,661, indicating that the property is overpriced for long-term rental purposes. With a low gross yield of 2.2%, it may struggle to attract tenants seeking value in a limited amenities environment. Short-term vacation rental Despite its proximity to the tourist-friendly Algarve region, the €495,000 price tag creates a considerable gap from fair value, meaning this property is overpriced for short-term vacation rental markets. The potential yield is insufficient to justify the investment, especially with the neighborhood's average performance ratings. Buy-and-hold At €495,000, the property is overpriced compared to its fair value of €293,661, suggesting that holding this asset could lead to a financial strain rather than a profitable long-term investment. Given the low yield of 2.2% and neighborhood scores, future appreciation may not compensate for the initial overvaluation.
Economic Fluctuation Risk A moderate economic stability score of 65/100 suggests potential vulnerabilities to broader economic downturns that may affect rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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