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 114 m² on the 4th floor, energy rating D. Located on avenida dos Bombeiros Municipais de Olhão, 35, Olhão parish, Olhão municipality, Faro district. This property boasts spacious balconies that enhance natural light and provide desirable outdoor relaxation areas, making it an ideal choice for enjoying the Algarve climate.
The valuation. The asking price of €275,000 sits below the fair value of €313,947, creating a discrepancy of €38,947 (12.4%). This property is subpriced, presenting an attractive option for potential investors. Buy-to-flip angle. For resale, investors can capitalize on the demand in the Algarve region by renovating and marketing it as a high-end vacation rental. This strategy can maximize returns while targeting the lucrative short-term rental market. Buy-to-let angle. The estimated rental income of €1,215 per month translates to a gross yield of 5.3%, making this a solid buy-and-hold investment for long-term rental to families or seasonal vacationers in a tourist-driven area.
Fair value modelled at €313,947 from 6 comparable sales in the area. Asking €275,000 sits €38,947 (12.4%) below — the upside to fair value.
Asking €275,000 versus the avenida dos Bombeiros Municipais de Olhão, 35 area baseline of €288,300 (€2,529/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €288,300, adjusted for condition and micro-location, gives a modelled fair value of €313,947 (€2,754/m²), a €38,947 (12.4%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida dos Bombeiros Municipais de Olhão, 35 | Subject | €275,000 | €2,412 | — | 72 | 73 |
| avenida Dom João VI | Active | €290,000 | €2,397 | 0.6% | 65 | 62 |
| rua do Caminho de Ferro, 8 | Active | €290,000 | €2,816 | 16.7% | 65 | 68 |
| rua Henrique Evaristo da Efigénia Reina S / N | Active | €389,000 | €2,903 | 20.3% | 76 | 65 |
| rua Joaquim Ribeiro | Active | €340,000 | €2,833 | 17.5% | 70 | 64 |
| Median comp | €315,000 | €2,825 | 17.1% | 68 | 65 |
Short-term vacation rental This property is well-positioned to capitalize on the strong tourism demand in the Algarve, with a 5.3% gross yield indicating solid cash flow potential. The gap of 12.4% below fair value enhances its attractiveness for short-term rental operations. Buy-and-hold Investing in this property offers a long-term play with a fair value significantly higher than the listing price, indicating a solid equity appreciation opportunity. Its decent condition rating of 70/100 ensures it can attract quality tenants over time, reinforcing its potential as a stable investment. Family rental With a spacious 114m² layout, this apartment is well-suited for families looking for a long-term rental option in Olhão. The positive score of 73/100 for the neighborhood suggests a desirable living environment, supporting ongoing demand for family housing.
Economic Vulnerability The economic stability score of 65 indicates potential fluctuations in the local economy that could impact property values and rental income.
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