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 120 m² on the 3rd floor, energy rating A. Located on rua José Saramago, Olhão parish, Olhão municipality, Faro district. Noteworthy Features: This apartment boasts a south-facing outdoor pool with landscaped common gardens, and is strategically located less than 300 meters from the vibrant marina of Olhão.
The valuation. The asking price of €485,000 sits significantly below its fair value of €654,750, representing a discount of €169,750 (25.9%). This property is underpriced, providing an excellent opportunity for potential investors.
Fair value modelled at €654,750 from 6 comparable sales in the area. Asking €485,000 sits €169,750 (25.9%) below — the upside to fair value.
Asking €485,000 versus the rua José Saramago area baseline of €584,637 (€4,872/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 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 €584,637, adjusted for condition and micro-location, gives a modelled fair value of €654,750 (€5,456/m²), a €169,750 (25.9%) gap versus the €485,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Saramago | Subject | €485,000 | €4,042 | — | 90 | 64 |
| Olhão · 002284 | Active | €1,290,000 | €10,932 | 170.5% | 85 | 60 |
| Olhão · 3a7135 | Active | €799,000 | €6,549 | 62.0% | 86 | 57 |
| Quelfes · 096e19 | Active | €725,000 | €5,943 | 47.0% | 85 | 71 |
| rua Carlos da Maia, 35 | Active | €825,000 | €4,970 | 23.0% | 80 | 71 |
| Median comp | €812,000 | €6,246 | 54.5% | 85 | 66 |
Short-term vacation rental Given its fair value of €654,750 and a listing price of €485,000, this property presents a 25.9% gap indicating it is suboptimally priced for the market, particularly appealing in the high-demand Algarve tourism sector. With a gross yield of 3.2% and the property rating of 84/100, it is well-positioned to attract vacationers, maximizing revenue potential. Long-term rental The property’s favorable price gap of 25.9% compared to the fair value makes it a strong candidate for long-term leasing in the thriving Algarve market, appealing to both residents and remote workers. With the condition rated 84/100, it can easily attract quality tenants seeking comfortable living spaces. Buy-and-hold Investing in this property allows for capital appreciation potential given its listing price versus fair value and the ongoing demand in the Olhão region. Additionally, the property’s solid yield of 3.2% combined with its desirable condition means it can generate steady cash flow while appreciating in value over time.
Economic Vulnerability The economic stability score of 55 indicates a potential risk, as it suggests a moderate level of economic uncertainty that could impact property value and tenant demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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