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 134 m² on the 1st floor, built in 2009, energy rating C. Located on rua Henrique Evaristo da Efigénia Reina S / N, Olhão parish, Olhão municipality, Faro district. Outdoor space: The apartment features spacious balconies at both the front and back, providing ample opportunities for relaxation and entertaining while enjoying plenty of natural light.
The valuation. The asking price of €389,000 is positioned slightly above the fair value of €370,218, representing a difference of €18,782 (5.1%). This places the property at a fair pricing level within the market.
Fair value modelled at €370,218 from 6 comparable sales in the area. Asking €389,000 sits €18,782 (5.1%) above — overpriced versus fair value.
Asking €389,000 versus the rua Henrique Evaristo da Efigénia Reina S / N area baseline of €320,199 (€2,390/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €320,199, adjusted for condition and micro-location, gives a modelled fair value of €370,218 (€2,763/m²), a €18,782 (5.1%) gap versus the €389,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Henrique Evaristo da Efigénia Reina S / N | Subject | €389,000 | €2,903 | — | 76 | 65 |
| rua Joaquim Ribeiro | Active | €340,000 | €2,833 | 2.4% | 70 | 64 |
| avenida Doutor Bernardino da Silva | Active | €315,000 | €2,692 | 7.3% | 76 | 65 |
| avenida Doutor Bernardino da Silva | Active | €315,000 | €2,692 | 7.3% | 80 | 70 |
| avenida Dom João VI | Active | €290,000 | €2,397 | 17.4% | 65 | 62 |
| Median comp | €315,000 | €2,692 | 7.3% | 73 | 65 |
Long-term rental This 3-bed apartment in Olhão offers a gross yield of 3.8%, which is acceptable for a stable long-term rental strategy given the area's moderate market dynamics. However, the fair value gap of 5.1% indicates that the property is appropriately priced, making it a balanced but not exceptional investment opportunity. Short-term vacation rental With the Algarve's tourism-driven economy, this apartment could attract vacationers, capitalizing on seasonal demand. Yet, the fair valuation of €389,000 suggests that while the potential is there, it is not positioned as a bargain for short-term rental returns. Buy-and-hold The moderate condition score of 77/100 and the fair market price suggest that holding this property could yield consistent returns over time without immediate concerns for substantial value appreciation. The combination of a fair valuation and a reliable location means it's a stable asset, though not without its limitations in potential growth. Not ideal for This property is unsuitable for student housing due to the seasonal nature of the area, which generally doesn't align with the academic calendar. Additionally, its pricing and condition do not meet the expectations of the luxury market where higher standards are typically demanded.
Tenant turnover risk The tenant stability score of 65/100 suggests potential volatility in tenant retention, increasing the likelihood of vacancy and thus impacting 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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