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, 3-bathroom apartment of 133 m², built in 2004, energy rating C. Located Moncarapacho e Fuseta parish, Olhão municipality, Faro district. Noteworthy features: The apartment boasts a separate laundry room and pantry, enhancing convenience and storage, while large windows flood the living spaces with natural light, creating an inviting atmosphere.
The valuation. The asking price of €429,000 is significantly below the fair value of €607,174, with a difference of €178,174 (29.3%). This property is clearly underpriced, presenting a unique opportunity for an investor.
Fair value modelled at €607,174 from 6 comparable sales in the area. Asking €429,000 sits €178,174 (29.3%) below — the upside to fair value.
Asking €429,000 versus the Moncarapacho e Fuseta, Olhão, Faro area baseline of €491,427 (€3,695/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €491,427, adjusted for condition and micro-location, gives a modelled fair value of €607,174 (€4,565/m²), a €178,174 (29.3%) gap versus the €429,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Moncarapacho e Fuseta · 51b688 | Subject | €429,000 | €3,226 | — | 78 | 62 |
| Moncarapacho e Fuseta · 875198 | Active | €335,000 | €3,102 | 3.8% | 70 | 70 |
| rua Nossa Senhora do Carmo | Active | €420,000 | €4,565 | 41.5% | 77 | 65 |
| rua Nossa Senhora do Carmo | Active | €420,000 | €4,565 | 41.5% | 75 | 63 |
| rua Nossa Senhora do Carmo | Active | €420,000 | €4,565 | 41.5% | 74 | 63 |
| Median comp | €420,000 | €4,565 | 41.5% | 75 | 64 |
Short-term vacation rental The property is subvalued, presenting an opportunity to capitalize on the growing tourism in the region, with a fair value significantly higher than the listing price at €607,174. With a gross yield of 5.3% and a decent condition rating, it is positioned well to attract short-term visitors, especially given the seasonal economy of the Algarve. Long-term rental Given the current market dynamics, this property stands out with its advantageous gap to fair value, making it an attractive option for long-term rental investments. The 5.3% yield allows for steady cash flow, while its location provides access to essential amenities that can draw long-term tenants despite the seasonal fluctuations in the economy. Family rental With ample space and a favorable gap to fair value, this apartment could effectively cater to families seeking residential options in the Olhão area. Although it is outside major urban centers, the property’s good condition and moderate neighborhood rating enhance its appeal for family rentals, enabling it to thrive in a local market that appreciates larger living spaces over time.
Economic Vulnerability The property is at risk due to its low economic stability score of 55/100, suggesting potential fluctuations in local markets could adversely affect rental income.
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