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 91 m², built in 1984, energy rating C. Located Olhão parish, Olhão municipality, Faro district. Noteworthy Features: The apartment includes a sunroom that serves as a laundry area, maximizing light and functionality in the living space, which is ideal for practical use. Investment Potential: Its modern design and central location enhance both livability and rental appeal.
The valuation. The asking price of €295,000 sits €44,017 (17.5%) above the fair value of €250,983, indicating the property is overpriced. This discrepancy suggests a cautious approach for potential investors.
Fair value modelled at €250,983 from 6 comparable sales in the area. Asking €295,000 sits €44,017 (17.5%) above — overpriced versus fair value.
Asking €295,000 versus the Olhão, Olhão, Faro area baseline of €209,617 (€2,303/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €209,617, adjusted for condition and micro-location, gives a modelled fair value of €250,983 (€2,758/m²), a €44,017 (17.5%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Olhão · 2fce26 | Subject | €295,000 | €3,242 | — | 74 | 61 |
| rua Pedro Ninil | Active | €330,000 | €2,444 | 24.6% | 75 | 68 |
| Quelfes · 001a0c | Active | €340,000 | €2,500 | 22.9% | 73 | 71 |
| Quelfes · 190899 | Active | €240,000 | €2,927 | 9.7% | 75 | 70 |
| Quelfes · 49b7b7 | Active | €290,000 | €2,589 | 20.1% | 74 | 60 |
| Median comp | €310,000 | €2,545 | 21.5% | 75 | 69 |
Short-term vacation rental This property is not well-positioned for short-term vacation rental given its 17.5% gap above fair value, which may hinder profitability in this competitive market. Additionally, the neighbourhood rating of 61/100 suggests limited appeal for tourists, reducing potential rental income. Long-term rental While the property has a relatively decent gross yield of 4.2%, the overpricing at €295,000 compared to the fair value of €250,983 makes it challenging to maximize returns in a long-term rental scenario. The neighbourhood's average score of 61/100 further indicates potential difficulties in attracting tenants. Buy-and-hold With a fair value of €250,983, investing in this property at €295,000 represents a significant overvaluation, undermining long-term investment strategies. Coupled with the neighbourhood amenities and tenant quality ratings, this property may underperform as a reliable asset for appreciation over time.
Tenant turnover risk With a tenant stability score of 55/100, there's a significant risk of increased turnover, possibly leading to higher vacancy rates and additional costs for property management and leasing.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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