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 118 m², built in 1993, energy rating F. Located Moncarapacho e Fuseta parish, Olhão municipality, Faro district. Noteworthy Features: The apartment includes a functional pantry, enhancing kitchen storage, and an outdoor balcony with views over central Moncarapacho, perfect for enjoying the local ambiance.
The valuation. The asking price of €290,000 is significantly below the fair value of €359,198, resulting in a discount of €69,198 (19.3%). This property is underpriced and presents a compelling investment opportunity.
Fair value modelled at €359,198 from 6 comparable sales in the area. Asking €290,000 sits €69,198 (19.3%) below — the upside to fair value.
Asking €290,000 versus the Moncarapacho e Fuseta, Olhão, Faro area baseline of €305,452 (€2,589/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €305,452, adjusted for condition and micro-location, gives a modelled fair value of €359,198 (€3,044/m²), a €69,198 (19.3%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Moncarapacho e Fuseta · 5b8679 | Subject | €290,000 | €2,458 | — | 65 | 74 |
| Quelfes · 1e619e | Active | €445,000 | €2,665 | 8.4% | 72 | 64 |
| Moncarapacho e Fuseta · 3df341 | Active | €315,000 | €4,091 | 66.5% | 75 | 63 |
| praça Alberto Lopes | Active | €193,000 | €3,113 | 26.7% | 55 | 62 |
| Moncarapacho e Fuseta · f5eb9b | Active | €550,000 | €2,750 | 11.9% | 70 | 64 |
| Median comp | €380,000 | €2,932 | 19.3% | 71 | 64 |
Short-term vacation rental The property is well-positioned to capitalize on the booming tourism sector in the Algarve, offering potential for attractive returns given its alignment with local vacation demand. With a gap of 19.3% compared to fair value, this apartment stands out as an advantageous investment in a desirable location. Long-term rental Considering the 74/100 neighborhood rating and stable economic conditions, this apartment can provide a reliable long-term rental income stream, despite the current 0% gross yield. The fair value of €359,198 indicates that potential tenants may view this property favorably, enhancing occupancy potential. Buy-and-hold Holding this property presents an opportunity to benefit from the overall appreciation in the Algarve housing market, especially with its undervalued status. The property's condition and neighborhood score suggest that over time, it could yield significant returns linked to the growing demand in tourist-friendly areas. Not ideal for: Student housing Given the location and current market dynamics, this property does not align well with student housing needs. The tourist-oriented appeal overshadows the potential for stable occupancy typical in student rentals, making it less suitable for that strategy.
Economic Vulnerability The economic stability score of 70 suggests potential fluctuations in local market conditions that could affect rental income.
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