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.
4-bedroom, 1-bathroom apartment of 172 m², energy rating C. Located on rua Doutor Francisco Fernandes Lopes, 2, Olhão parish, Olhão municipality, Faro district. Noteworthy Features: The property includes traditional high ceilings and arches in almost every room, offering historical character and spaciousness, enhancing its charm beyond standard features.
The valuation. The asking price of €350,000 is significantly below the fair value of €445,698, presenting a potential advantage of €95,698 (21.5%) for investors. This property is clearly subvalorizada and may attract keen interest.
Fair value modelled at €445,698 from 6 comparable sales in the area. Asking €350,000 sits €95,698 (21.5%) below — the upside to fair value.
Asking €350,000 versus the rua Doutor Francisco Fernandes Lopes, 2 area baseline of €482,479 (€2,805/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 49/100 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 €482,479, adjusted for condition and micro-location, gives a modelled fair value of €445,698 (€2,591/m²), a €95,698 (21.5%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Francisco Fernandes Lopes, 2 | Subject | €350,000 | €2,035 | — | 48 | 74 |
| Quelfes · 6270a4 | Active | €370,000 | €1,259 | 38.2% | 30 | 62 |
| Olhão · f14b98 | Active | €293,000 | €2,930 | 44.0% | 60 | 67 |
| estrada de Quelfes, 17 | Active | €250,000 | €2,119 | 4.1% | 54 | 62 |
| rua Cerca do Júdice, 3 | Active | €305,000 | €2,421 | 19.0% | 60 | 66 |
| Median comp | €299,000 | €2,270 | 11.6% | 57 | 64 |
Long-term rental The property is well-suited for long-term rental given its attractive yield of 7.5% gross, which stands out in the Olhão market. With a fair value gap of 21.5% indicating potential appreciation, this asset can generate consistent cash flow while benefitting from the growing demand in the neighborhood. Short-term vacation rental Given the high tourism influence on real estate in Olhão, this apartment presents a compelling opportunity for short-term vacation rentals with good occupancy rates. The area's safety and amenities further enhance its appeal to tourists, allowing for competitive nightly rates and profitability. Buy-and-hold Investing in this property for a buy-and-hold strategy appears promising, with a substantial gap versus fair value suggesting future growth. The favorable yield combined with the area's demand for residential and vacation rentals makes it a strategic addition to a real estate portfolio.
Potential Economic Instability The economic stability score of 70 indicates that there may be potential fluctuations in the local job market, which could affect tenant retention and rental payments.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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