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 120 m² on the 2nd floor, built in 1993, energy rating C. Located on rua Manuel Martins Garrocho S / N, Olhão parish, Olhão municipality, Faro district. This apartment offers a unique advantage with a large yard area, providing ample outdoor space for leisure and entertaining, which is rare in central urban locations.
The valuation. The asking price for the 2-bed, 1-bath apartment at €295,000 is €28,077 (8.7%) below the fair value of €323,077, indicating that this property is priced fairly in the current market.
Fair value modelled at €323,077 from 6 comparable sales in the area. Asking €295,000 sits €28,077 (8.7%) below — the upside to fair value.
Asking €295,000 versus the rua Manuel Martins Garrocho S / N area baseline of €293,574 (€2,446/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €293,574, adjusted for condition and micro-location, gives a modelled fair value of €323,077 (€2,692/m²), a €28,077 (8.7%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Manuel Martins Garrocho S / N | Subject | €295,000 | €2,458 | — | 70 | 60 |
| avenida Doutor Bernardino da Silva | Active | €315,000 | €2,692 | 9.5% | 76 | 65 |
| avenida Doutor Bernardino da Silva | Active | €315,000 | €2,692 | 9.5% | 80 | 70 |
| rua do Caminho de Ferro, 8 | Active | €290,000 | €2,816 | 14.5% | 65 | 68 |
| rua de Olivença, 19 | Active | €298,000 | €2,224 | 9.5% | 65 | 73 |
| Median comp | €306,500 | €2,692 | 9.5% | 71 | 69 |
Short-term vacation rental The property aligns well with high tourist demand in Olhão, justifying its use as a short-term vacation rental. However, the current asking price of €295,000 indicates that it is priced fairly against the estimated fair value of €323,077, offering limited room for immediate profit. Family rental This apartment could fulfill the needs of families seeking longer-term rentals in a tourism-centric economy, but the neighborhood quality rating of 60/100 suggests it may not attract the best tenant profiles. With a gross yield of 4.1%, the investment is fair but lacks significant upside potential given the current valuation. Buy-and-hold Holding the property as a long-term investment might be viable due to the continuous tourist influx likely to sustain demand over time. Nonetheless, the property is listed at a fair price relative to its fair value, indicating a less favorable position for capital appreciation in the coming years.
Economic Vulnerability The property faces a significant risk due to its low economic stability score of 50/100, indicating greater susceptibility to market fluctuations and economic downturns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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