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 97 m² on the 2nd floor, built in 1998, energy rating C. Located Olhão parish, Olhão municipality, Faro district. Noteworthy Features: The apartment boasts a cozy private balcony off the living room and a sunroom/laundry area accessible from the kitchen, enhancing personal space and functionality.
The valuation. The asking price of €275,000 is above the fair value of €249,806 by €25,194, or 10.1%. This positioning suggests the property is fairly priced in the current market context.
Fair value modelled at €249,806 from 6 comparable sales in the area. Asking €275,000 sits €25,194 (10.1%) above — overpriced versus fair value.
Asking €275,000 versus the Olhão, Olhão, Faro area baseline of €220,315 (€2,271/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €220,315, adjusted for condition and micro-location, gives a modelled fair value of €249,806 (€2,575/m²), a €25,194 (10.1%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Olhão · 2ce21c | Subject | €275,000 | €2,835 | — | 65 | 70 |
| rua Manuel Martins Garrocho S / N | Active | €295,000 | €2,458 | 13.3% | 70 | 60 |
| avenida Doutor Bernardino da Silva | Active | €315,000 | €2,692 | 5.0% | 76 | 65 |
| Olhão · 2fce26 | Active | €295,000 | €3,242 | 14.3% | 74 | 61 |
| Olhão · 3a7444 | Active | €290,000 | €2,762 | 2.6% | — | 63 |
| Median comp | €295,000 | €2,727 | 3.8% | 74 | 62 |
Short-term vacation rental The property’s status as fairly priced at €275,000 suggests that it may not yield the highest returns in the competitive short-term vacation rental market. Additionally, with a gross yield of 4.4%, it aligns with average tourist-friendly offerings in Olhão, although slightly below the potential peak profit margins seen in the region. Buy-and-hold Investing in this property for a long-term hold is a sound strategy, given its fair market valuation and reasonable yield of 4.4%. While it may not appreciate rapidly in the current market, its location in a desirable area of Algarve could still ensure steady demand over the years. Family rental As a family rental, the property’s fair pricing makes it a viable option for stable cash flow, supported by the consistent demand for long-term housing in Olhão. Its condition rating of 70/100 suggests it may require some improvement to attract families, but the underlying neighborhood quality remains adequate for this strategy.
Tenant turnover risk The tenant stability score of 70/100 indicates a moderate risk of tenant turnover, which can lead to increased vacancy periods and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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