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 88 m², built in 1983, energy rating D. Located Olhão parish, Olhão municipality, Faro district. Noteworthy Features: The apartment includes two enclosed balconies that can be transformed into versatile spaces, and offers three air conditioning units for year-round comfort. Investment Potential: Its functional layout and generous storage room provide excellent opportunities for rental income.
The valuation. The asking price of €293,000 is significantly above the fair value of €219,210, indicating an overpricing of €73,790 (33.7%). This substantial gap suggests that the property may not be a sound investment at its current listing.
Fair value modelled at €219,210 from 6 comparable sales in the area. Asking €293,000 sits €73,790 (33.7%) above — overpriced versus fair value.
Asking €293,000 versus the Olhão, Olhão, Faro area baseline of €217,465 (€2,471/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €217,465, adjusted for condition and micro-location, gives a modelled fair value of €219,210 (€2,491/m²), a €73,790 (33.7%) gap versus the €293,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Olhão · 33bd7b | Subject | €293,000 | €3,330 | — | 65 | 66 |
| rua José Agostinho de Macedo, 8 | Active | €244,500 | €2,397 | 28.0% | 72 | 61 |
| rua Pedro Ninil | Active | €330,000 | €2,444 | 26.6% | 75 | 68 |
| avenida da República S / N | Active | €259,000 | €2,564 | 23.0% | 72 | 71 |
| rua Almirante Reis | Active | €240,000 | €2,857 | 14.2% | 60 | 63 |
| Median comp | €251,750 | €2,504 | 24.8% | 72 | 66 |
Short-term vacation rental The 2-bed apartment in Olhão, listed at €293,000, presents an expensive entry point into the vacation rental market, as it is 33.7% above its fair value of €219,210. With a gross yield of only 3.7% and a condition score of 63/100, the property may struggle to attract the necessary rental income for profitability. Long-term rental With a pricing gap of 33.7% above the fair value, the investment in this property for long-term rental purposes does not align with the expected returns, as evidenced by the gross yield of 3.7%. Additionally, the mediocre condition score of 63/100 and neighborhood rating of 66/100 could deter quality tenants, adversely affecting rental stability. Family rental Although the location in Olhão is popular for tourism, the apartment's current listing of €293,000 fails to capture the property’s fair value of €219,210, indicating it is overpriced by 33.7%. Considering the average condition and neighborhood ratings, a family rental strategy may not yield favorable conditions for long-term commitment from potential tenants.
Economic and Tenant Instability Risk: With both economic stability and tenant stability scores at 60/100, there is a significant risk of fluctuating income and potential vacancy issues, as a score below 70 indicates possible weakness in stability.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
