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, 2-bathroom apartment of 118 m², built in 2001, energy rating D. Located Olhão parish, Olhão municipality, Faro district. The apartment boasts a spacious balcony with a built-in barbecue, perfect for alfresco dining and entertaining in the Algarve's pleasant climate.
The asking price of €360,000 is above our assessed fair value of €313,000, indicating that the property is overpriced with a confidence level that is medium. Notably, there is a €47,000 gap, reflecting a 13.1% downside versus the asking price.
The asking price is above the fair value. The fair value is determined through a combination of two models: the Transaction model, which relies on real transaction data from 122 sales in Olhão, and the Adjusted asking-price model, based on current listings. This results in a weighted average of 55% from the Transaction model and 45% from the Adjusted asking-price model. No conservative adjustments were necessary for this property. The fair value is €313,000, while the asking price is €360,000, resulting in a €47,000 gap, which is a 13.1% downside. Confidence in this valuation is medium.
No specific strategy stands out for this property.
Negotiation room: Negotiation context: asking prices in this municipality run about 17% above what similar homes actually sell for, so there is usually room to negotiate
The asking price of €360,000 for this 3-bed apartment in Olhão is above its fair value of €313,000, indicating a 13.1% downside versus the asking price. The apartment's condition score of 81 suggests it is in good shape, which may warrant consideration; however, the neighborhood score of 50 indicates mixed factors that could influence future value. Overall, investors should weigh the higher asking price against these aspects before making a decision.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property has a low economic stability score of 50/100 and a tenant stability score of 50/100, indicating potential challenges in maintaining consistent rental income and attracting reliable tenants. Fair value certainty risk The valuation is €313,000 with medium confidence, suggesting possible uncertainty due to the lack of micro-location transaction data for this address.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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