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 95 m². Located on beco da Laura Murta, 4, Quelfes parish, Olhão municipality, Faro district. Noteworthy Feature: The apartment boasts a rare dual-access feature, providing convenient entry through both the building interior and a ground-floor exterior entrance.
The valuation. The asking price of €285,000 is significantly above the fair value of €250,453, indicating a premium of €34,547 or 13.8%. This property is considered overpriced.
Fair value modelled at €250,453 from 6 comparable sales in the area. Asking €285,000 sits €34,547 (13.8%) above — overpriced versus fair value.
Asking €285,000 versus the beco da Laura Murta, 4 area baseline of €212,526 (€2,237/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €212,526, adjusted for condition and micro-location, gives a modelled fair value of €250,453 (€2,636/m²), a €34,547 (13.8%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| beco da Laura Murta, 4 | Subject | €285,000 | €3,000 | — | 60 | 66 |
| rua Vasco da Gama | Active | €270,000 | €2,328 | 22.4% | 68 | 63 |
| Olhão · 38b605 | Active | €385,000 | €3,468 | 15.6% | 70 | 61 |
| avenida da República S / N | Active | €259,000 | €2,564 | 14.5% | 72 | 71 |
| Olhão · 33bd7b | Active | €293,000 | €3,330 | 11.0% | 65 | 66 |
| Median comp | €281,500 | €2,947 | 1.8% | 69 | 65 |
Long-term rental The property presents a gross yield of 4.2%, which, although decent, does not justify the 13.8% premium over its fair value of €250,453. Given the car dependency for certain amenities in the area and moderate neighbourhood ratings, long-term rental demand may not consistently cover the investment gap. Short-term vacation rental Despite the allure of potential short-term rental income in a tourist-influenced market, the property's price is 13.8% above fair value, making it a less attractive option. The moderate condition rating and car dependency may hinder consistent demand and occupancy rates. Value-add renovation While a value-add renovation strategy could potentially enhance the property's appeal, the current listing price is 13.8% above fair value, which raises risk levels for investors. Any renovation costs combined with the already inflated property price could erode anticipated returns and create a challenging investment environment.
[Economic Risk] The economic stability score of 55/100 indicates potential vulnerability to economic downturns, which 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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