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.
1-bedroom, 1-bathroom house of 53 m². Located Olhão parish, Olhão municipality, Faro district. Noteworthy Features: This renovated house retains the traditional charm of Olhão with mosaic floors and donkey brick ceilings, complemented by spacious terraces ideal for sunbathing and barbecuing.
The valuation. The asking price of €280,000 sits 4.0% above the fair value of €269,108, indicating that the property is valued fairly within the market context. This suggests that potential buyers should carefully evaluate the investment before proceeding.
Fair value modelled at €269,108 from 6 comparable sales in the area. Asking €280,000 sits €10,892 (4.0%) above — overpriced versus fair value.
Asking €280,000 versus the Olhão, Olhão, Faro area baseline of €249,886 (€4,715/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €249,886, adjusted for condition and micro-location, gives a modelled fair value of €269,108 (€5,078/m²), a €10,892 (4.0%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Olhão · ec1ae5 | Subject | €280,000 | €5,283 | — | 72 | 68 |
| Olhão · 4a44c0 | Active | €280,000 | €4,667 | 11.7% | 75 | 69 |
| Olhão · 19084f | Active | €258,000 | €5,160 | 2.3% | 70 | 63 |
| Olhão · 6a942f | Active | €280,000 | €5,091 | 3.6% | 70 | 58 |
| Olhão · fe6384 | Active | €370,000 | €5,692 | 7.7% | 78 | 66 |
| Median comp | €280,000 | €5,126 | 3.0% | 73 | 65 |
Short-term vacation rental The property in Olhão, while offering a reasonable gross yield of 4% due to its Algarve location, is priced at €280,000, which aligns close to its fair value of €269,108, indicating it is fairly priced. The strong tourism influence in the area suggests that it could serve well as a vacation rental, though the rural aspects may affect the rental demand during off-peak months. Buy-and-hold Investing in this property for a buy-and-hold strategy may yield some appreciation given the overall fair pricing at €280,000 and a fair value of €269,108, representing a modest gap of only 4%. However, the 68/100 neighborhood rating indicates potential limitations in tenant diversity and demand stability over a longer investment horizon. Long-term rental As a long-term rental option, the property yields a gross income of 4%, which is reasonable in relation to its fair value of €269,108; however, the near €280,000 listing price suggests it is fairly priced at this time. The 76/100 condition rating is favorable, yet the local economic environment may pose challenges regarding tenant quality and year-round demand for such housing.
Potential tenant turnover risk: With both economic stability and tenant stability scores at 65/100, there is a significant risk of increased tenant turnover due to subpar retention potential, leading to potential vacancy losses and increased leasing costs.
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