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, 2-bathroom apartment of 102 m² on the 5th floor, built in 1978, energy rating D. Located on avenida Doutor Bernardino da Silva, Olhão parish, Olhão municipality, Faro district. Noteworthy Features: This apartment includes two balconies, one of which is enclosed, enhancing usable living space throughout the year while providing pleasant views from the fifth floor.
The valuation. The asking price of €360,000 is significantly above the fair value of €258,282, representing an excess of €101,718 (39.4%). This indicates that the property is overpriced.
Fair value modelled at €258,282 from 6 comparable sales in the area. Asking €360,000 sits €101,718 (39.4%) above — overpriced versus fair value.
Asking €360,000 versus the avenida Doutor Bernardino da Silva area baseline of €210,321 (€2,062/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €210,321, adjusted for condition and micro-location, gives a modelled fair value of €258,282 (€2,532/m²), a €101,718 (39.4%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Doutor Bernardino da Silva | Subject | €360,000 | €3,529 | — | 75 | 62 |
| rua Pedro Ninil | Active | €330,000 | €2,444 | 30.7% | 75 | 68 |
| Quelfes · 001a0c | Active | €340,000 | €2,500 | 29.2% | 73 | 71 |
| praça João de Deus, 26 | Active | €295,000 | €2,034 | 42.4% | 78 | 61 |
| avenida da República S / N | Active | €259,000 | €2,564 | 27.3% | 72 | 71 |
| Median comp | €312,500 | €2,472 | 30.0% | 74 | 70 |
Short-term vacation rental The 2-bed apartment in Olhão, listed at €360,000, is overpriced given its fair value of €258,282, reflecting a 39.4% gap. With a gross yield of only 3.4% and a neighborhood quality rating of 62/100, this investment lacks the potential returns typically desired for short-term rentals in this tourist-driven region. Long-term rental As a long-term rental investment, the property falls short due to its significant markup over fair value and relatively low yield of 3.4%. Additionally, the seasonal economic activity in the Algarve region may limit tenant stability, making this an unattractive option for long-term holding.
Economic Vulnerability The economic stability score of 60/100 suggests a moderate risk of economic downturns which could affect tenant retention as indicated by the lower tenant stability score of 55/100.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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