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 103 m² on the 5th floor, energy rating G. Located on avenida Doctor Bernardino da Silva, Olhão parish, Olhão municipality, Faro district. Noteworthy Features: This apartment boasts a fully equipped kitchen and comes almost furnished, ensuring a seamless transition for new owners without the need for immediate investment in furnishings or appliances.
The valuation. The asking price of €360,000 exceeds the fair value of €265,258 by €94,742, marking the property as overpriced at 35.7%. This discrepancy suggests a need for negotiation to align closer to market expectations.
Fair value modelled at €265,258 from 6 comparable sales in the area. Asking €360,000 sits €94,742 (35.7%) above — overpriced versus fair value.
Asking €360,000 versus the avenida Doctor Bernardino da Silva area baseline of €217,260 (€2,109/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €217,260, adjusted for condition and micro-location, gives a modelled fair value of €265,258 (€2,575/m²), a €94,742 (35.7%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Doctor Bernardino da Silva | Subject | €360,000 | €3,495 | — | 75 | 63 |
| Quelfes · 0dce47 | Active | €240,000 | €2,202 | 37.0% | 75 | 63 |
| avenida Doutor Bernardino da Silva S / N | Active | €315,000 | €2,692 | 23.0% | 80 | 68 |
| rua do Caminho de Ferro | Active | €295,000 | €2,458 | 29.7% | 72 | 62 |
| rua Almirante Reis, 156 | Active | €275,000 | €3,313 | 5.2% | 70 | 66 |
| Median comp | €285,000 | €2,575 | 26.3% | 74 | 65 |
Short-term vacation rental While the Olhão apartment has potential appeal due to its location in the Algarve, the current market price of €360,000 is 35.7% above its fair value of €265,258. This discrepancy diminishes the expected profitability in the competitive short-term rental market, especially given a gross yield of only 4.3%. Family rental At €360,000, the apartment is overpriced compared to its fair value of €265,258, raising concerns about future rental income potential for families who seek affordable options in a mixed residential and tourist area. The prevailing condition rating of 78/100 may not justify the high acquisition cost in terms of return on investment. Long-term rental The current listing price of €360,000 significantly exceeds the fair value of €265,258, making this investment less attractive for long-term rentals. With a gross yield of 4.3% and a neighborhood rating of only 63/100, the property’s financial performance is likely to fall short of investor expectations.
Economic Vulnerability The low economic stability score of 55/100 indicates a potential risk of fluctuating market conditions that could affect property value.
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