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, 3-bathroom house of 144 m², built in 1995, energy rating D. Located on rua Serpa Pinto, Olhão parish, Olhão municipality, Faro district. Noteworthy Features: The property includes a versatile outdoor space with a fully equipped barbecue area and a patio, perfect for entertaining in the beautiful Olhão climate.
The valuation. The asking price of €580,000 is €42,455 (6.8%) below the fair value of €622,455. This indicates that the property is priced at a fair market value, making it a reasonable investment opportunity. Buy-to-flip angle. A buy-to-flip strategy could target an upgrade of the property’s condition, which is rated 72/100, leveraging traditional aesthetics for re-sale in the vibrant Algarve market. This could enhance the property’s appeal, maximizing returns upon resale. Buy-to-let angle. The rental income strategy could focus on a buy-to-let model, capitalizing on the estimated gross yield of 2.2%, generating approximately €1,063 per month. Given the location’s reliance on tourism, short-term vacation rentals could further enhance income potential.
Fair value modelled at €622,455 from 4 comparable sales in the area. Asking €580,000 sits €42,455 (6.8%) below — the upside to fair value.
Asking €580,000 versus the rua Serpa Pinto area baseline of €571,443 (€3,968/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €571,443, adjusted for condition and micro-location, gives a modelled fair value of €622,455 (€4,323/m²), a €42,455 (6.8%) gap versus the €580,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Serpa Pinto | Subject | €580,000 | €4,028 | — | 64 | 65 |
| rua Serpa Pinto, 17 | Active | €620,000 | €3,131 | 22.3% | 70 | 62 |
| rua Serpa Pinto | Active | €580,000 | €4,462 | 10.8% | 73 | 64 |
| rua das Lavadeiras | Active | €410,000 | €4,184 | 3.9% | 73 | 73 |
| Olhão · 3a73a5 | Active | €890,000 | €4,495 | 11.6% | 74 | 64 |
| Median comp | €600,000 | €4,323 | 7.3% | 73 | 64 |
Short-term vacation rental This property could generate a 2.2% gross yield, which is moderate given the demand for short-term rentals in the Algarve region. However, with a fair valuation at €622,455 and a listing price of €580,000, the property is fairly priced for its potential in a tourism-heavy area. Long-term rental The property’s fair value suggests a steady but lower-than-average growth potential in rental income, particularly in a neighbourhood ranked 65/100. The gross yield of 2.2% reflects a stable, if not remarkable, market for long-term tenants in the region. Buy-and-hold With a fair valuation and a current listing price that offers moderate short-term potential, holding this property may yield consistent returns over time without significant appreciation. However, the 6.8% gap indicates that this property is fairly priced, leaving less opportunity for immediate capital gains in a tourist-driven market. Not ideal for student housing The neighbourhood lacks high-performing schools, which are critical for attracting long-term student tenants. This market insufficiency will hinder demand for student housing in the vicinity. Not ideal for luxury market The property does not meet the criteria demanded by the luxury market, as indicated by its overall condition rating of 72/100. Consequently, efforts to position this property in the luxury segment may not attract the desired clientele or price point.
Economic and Tenant Instability The economic stability score of 65 and tenant stability score of 65 suggests a moderate risk of instability in rental income and potential fluctuations in occupancy rates due to weaker market conditions.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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