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 126 m², built in 2005, energy rating B. Located Olhão parish, Olhão municipality, Faro district. Noteworthy Features: This apartment boasts larger windows in several rooms, enhancing its bright, airy feel, while a marquise adds additional usable space for relaxation and enjoyment.
The valuation. The asking price of €319,500 is €24,115 (7.0%) below the fair value of €343,615, implying that the property is fairly priced for the current market. This positioning indicates a good opportunity for potential buyers. Buy-to-flip angle. A wholesale strategy could involve minor renovations to improve aesthetics, maximizing the apartment's appeal to buyers seeking a quick turnover in the thriving Algarve market. Enhancements could allow for a profitable resale above current listings. Buy-to-let angle. The estimated gross yield of 4.7% suggests strong potential for rental income, approximately €1,251 per month. This is viable both as a long-term rental and a short-term vacation rental given the region's tourism reliance.
Fair value modelled at €343,615 from 6 comparable sales in the area. Asking €319,500 sits €24,115 (7.0%) below — the upside to fair value.
Asking €319,500 versus the Olhão, Olhão, Faro area baseline of €323,970 (€2,571/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €323,970, adjusted for condition and micro-location, gives a modelled fair value of €343,615 (€2,727/m²), a €24,115 (7.0%) gap versus the €319,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Olhão · 133ad4 | Subject | €319,500 | €2,536 | — | 72 | 63 |
| Olhão · 3a7444 | Active | €290,000 | €2,762 | 8.9% | — | 63 |
| rua Manuel Martins Garrocho S / N | Active | €295,000 | €2,458 | 3.1% | 70 | 60 |
| avenida Doutor Bernardino da Silva | Active | €315,000 | €2,692 | 6.2% | 76 | 65 |
| rua Domingos Xavier Pereira | Active | €445,000 | €2,781 | 9.7% | 78 | 67 |
| Median comp | €305,000 | €2,727 | 7.5% | 76 | 64 |
Short-term vacation rental The property in Olhão functions well as a short-term vacation rental given its location in the tourist-centric Algarve region, though it presents a modest gross yield of 4.7%. Considering the fair value is only 7% above the listing price, investors might find it challenging to achieve significant rental returns during peak seasons while still navigating the cyclical nature of seasonal tourism. Long-term rental While the gross yield of 4.7% suggests moderate income potential as a long-term rental, the limited condition rating of 68/100 and a neighbourhood quality of 63/100 may deter some prospective tenants. With economic activities closely tied to tourism, the property could face sustained tenant turnover and vacancy risks, impacting overall rental stability.
Tenant turnover risk Tenants may be less stable with a tenant stability score of 55/100, which could lead to higher vacancy rates and increased turnover costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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