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 128 m² on the 1st floor, built in 2004, energy rating D. Located Olhão parish, Olhão municipality, Faro district. Noteworthy Features: This apartment’s private balcony offers unobstructed views of the Ria Formosa, creating an ideal space for relaxation and enjoying scenic sunsets. Additional Insights: Convenient access to vibrant local restaurants enhances its appeal.
The valuation. The asking price of €349,000 is €4,385 above the fair value of €344,615, representing a 1.3% premium. This property is appropriately priced within the market context, making it a fair investment option.
Fair value modelled at €344,615 from 6 comparable sales in the area. Asking €349,000 sits €4,385 (1.3%) above — overpriced versus fair value.
Asking €349,000 versus the Olhão, Olhão, Faro area baseline of €293,071 (€2,290/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €293,071, adjusted for condition and micro-location, gives a modelled fair value of €344,615 (€2,692/m²), a €4,385 (1.3%) gap versus the €349,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Olhão · 78826e | Subject | €349,000 | €2,727 | — | 72 | 70 |
| avenida dos Bombeiros Municipais de Olhão, 35 | Active | €275,000 | €2,412 | 11.5% | 72 | 73 |
| rua Henrique Evaristo da Efigénia Reina S / N | Active | €389,000 | €2,903 | 6.5% | 76 | 65 |
| avenida Dom João VI | Active | €290,000 | €2,397 | 12.1% | 65 | 62 |
| rua Joaquim Ribeiro | Active | €340,000 | €2,833 | 3.9% | 70 | 64 |
| Median comp | €315,000 | €2,623 | 3.8% | 71 | 65 |
Short-term vacation rental The 3-bed apartment in Olhão may appeal to tourists, given the Algarve's strong tourism-driven real estate market, but the 1.3% gap to fair value of €344,615 suggests it is priced sensibly rather than attractively. With a gross yield of 4.3%, the property could still generate steady rental income during peak seasons, though competition in the area remains significant. Buy-and-hold Holding this property for the long term could provide a marginally profitable investment given its fair market evaluation, but its 1.3% gap indicates it lacks compelling upside potential. The 4.3% gross yield reflects reasonable cash flow, although future price appreciation may be limited in Olhão's current market climate. Family rental This apartment could serve as a viable family rental option, particularly for those seeking the typical safety and amenities offered in Algarve's neighborhoods, yet it does not present exceptional value at current pricing. The property’s condition rating of 75 out of 100 suggests it would need some maintenance, which could affect its attractiveness to potential long-term tenants, given its fair pricing status.
Potential Economic Decline The economic stability score of 65/100 indicates a moderate risk of economic downturns that could affect rental income and property value.
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