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 91 m², built in 1988, energy rating F. Located on avenida da República, 57, Olhão parish, Olhão municipality, Faro district. Noteworthy Features: The property includes a closed sunroom balcony that enhances living space, and a garage equipped with electricity and water, catering to convenience and functionality.
The valuation. The asking price of €360,000 is significantly higher than the fair value of €294,993, indicating the property is overpriced by €65,007 (22.0%). This discrepancy suggests a potential overvaluation that may deter buyers. Buy-to-flip angle. A resale strategy could be explored by upgrading the dated furnishings and enhancing curb appeal, targeting a market willing to pay a premium for a modernized apartment. This approach may push the resale price beyond the current asking. Buy-to-let angle. With an estimated rental income of €1,140/month, the gross yield stands at 3.8%, making it a viable buy-and-hold investment for long-term stability, capitalizing on the Algarve's tourism appeal for short-term vacation or family rentals.
Fair value modelled at €294,993 from 6 comparable sales in the area. Asking €360,000 sits €65,007 (22.0%) above — overpriced versus fair value.
Asking €360,000 versus the avenida da República, 57 area baseline of €281,068 (€3,089/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €281,068, adjusted for condition and micro-location, gives a modelled fair value of €294,993 (€3,242/m²), a €65,007 (22.0%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida da República, 57 | Subject | €360,000 | €3,956 | — | 65 | 70 |
| Quelfes · 96c438 | Active | €289,000 | €2,535 | 35.9% | 70 | 62 |
| Quelfes · 8751ee | Active | €425,000 | €3,632 | 8.2% | — | 68 |
| Quelfes · 8ee657 | Active | €285,000 | €3,701 | 6.4% | 70 | 70 |
| Olhão · 1f3469 | Active | €265,000 | €4,818 | 21.8% | 60 | 61 |
| Median comp | €287,000 | €3,667 | 7.3% | 70 | 65 |
Short-term vacation rental The apartment's price is not justified given its €360,000 listing compared to the fair value of €294,993, resulting in a 22.0% gap. With a gross yield of 3.8%, this investment is unlikely to attract sufficient demand in a saturated market where seasonal fluctuations are significant. Buy-and-hold Investing in this property as a long-term hold is not advisable, with its fair value indicating a notable overpricing at €360,000. The combined ratings of 67/100 for condition and 70/100 for the neighborhood do not support a stable appreciation return in this scenario. Family rental While family rentals typically rely on strong community amenities, the current price of €360,000 significantly undermines the potential for reliable tenant retention given its fair value of €294,993. The less compelling metrics indicate that long-term rental viability may be compromised, given the apartment's high initial cost and the area's economic reliance on tourism. Not ideal for: Student housing, Luxury market, Industrial investment The local market's dynamics and the existing price levels make this property unsuitable for luxury positioning or student rentals. Furthermore, the condition and yield do not support it as a viable industrial investment opportunity.
Economic vulnerability With an economic stability score of 60/100, there is a significant risk of market fluctuations negatively impacting rental income and property value.
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