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 126 m² on the 1st floor, built in 1991, energy rating D. Located on rua Cerca do Júdice, 3, Olhão parish, Olhão municipality, Faro district. This apartment includes a 12 m² sunroom that offers additional living space and potential for various uses, significantly enhancing its appeal and functionality.
The valuation. The asking price of €305,000 sits 6.4% below the fair value of €325,974, indicating a well-positioned property in the market. This signals a fair opportunity for potential buyers seeking value for their investment. Buy-to-flip angle. The buy-to-flip strategy could capitalize on the opportunity to modernize the apartment's somewhat dated finishes, enhancing its appeal. Renovations could potentially yield a substantial profit at resale, especially given the property's proximity to tourist hotspots. Buy-to-let angle. Implementing a buy-to-let strategy could generate a gross yield of 4.5%, roughly €1,144 per month. This income aligns well with the high demand for rentals in the Algarve, particularly as the area is tourist-driven.
Fair value modelled at €325,974 from 6 comparable sales in the area. Asking €305,000 sits €20,974 (6.4%) below — the upside to fair value.
Asking €305,000 versus the rua Cerca do Júdice, 3 area baseline of €336,345 (€2,669/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 56/100 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 €336,345, adjusted for condition and micro-location, gives a modelled fair value of €325,974 (€2,587/m²), a €20,974 (6.4%) gap versus the €305,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cerca do Júdice, 3 | Subject | €305,000 | €2,421 | — | 60 | 66 |
| estrada de Quelfes, 17 | Active | €250,000 | €2,119 | 12.5% | 54 | 62 |
| avenida Dom João VI | Active | €290,000 | €2,397 | 1.0% | 65 | 62 |
| Olhão · f14b98 | Active | €293,000 | €2,930 | 21.0% | 60 | 67 |
| rua do Caminho de Ferro, 8 | Active | €290,000 | €2,816 | 16.3% | 65 | 68 |
| Median comp | €290,000 | €2,607 | 7.7% | 63 | 65 |
Long-term rental The property presents a gross yield of 4.5%, which suggests a stable income potential for long-term rental investors despite being fairly priced. With a condition score of 56/100 and a neighborhood rating of 66/100, the property would attract steady tenants seeking accommodation in a tourist-driven economy. Short-term vacation rental This 3-bed apartment could be a viable option for short-term vacation rentals, leveraging its location near Algarve, a well-known tourist region. However, with a fair pricing of €305,000 relative to a fair value of €325,974, investors should be cautious about competition and occupancy rates influencing profitability. Buy-and-hold Investors pursuing a buy-and-hold strategy may consider this property given its fair pricing and potential for value appreciation over time. The moderate neighborhood ratings suggest stable tenant demand, but caution is advised given the property’s condition and its current market positioning.
Economic Vulnerability The economic stability score of 58 suggests potential fluctuations in market conditions that could impact tenant retention and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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