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 110 m² on the 2nd floor, built in 2003, energy rating B. Located on rua Eduardo Conceição Pires, 2, Olhão parish, Olhão municipality, Faro district. This apartment boasts three balconies that enhance the natural light experience and offer outdoor spaces perfect for relaxation or entertaining.
The asking price of €299,500 is slightly below our fair value estimate of €307,000, indicating a potential upside of €7,500 or 2.6%. The price reflects a reasonable alignment with the assessed value of the property.
The fair value of this property is determined using a combination of two models. The Transaction model, which relies on real transaction data from 104 recorded sales in the parish of Olhão, accounts for 55% of the fair value computation. The remaining 45% comes from the Adjusted asking-price model, which uses current listings adjusted to sale levels. No conservative adjustments were applied to this property, leading to a fair value of €307,000. Given that the asking price is €299,500, the asking price is in line with the fair value, with a 2.6% upside. Confidence in this valuation is high.
No specific strategy stands out for this property.
Investors should consider that the asking price of €299,500 is in line with the fair value of €307,000, indicating a modest 2.6% upside against the asking price. While the condition of the 2-bed apartment scores 75 out of 100, reflecting a decent state, the neighborhood rating of 50 out of 100 suggests potential concerns regarding location attractiveness. Given this blend of valuation and condition, careful consideration of locality and its implications on long-term value may be warranted.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk: The economic stability and tenant stability scores are both at 50/100, indicating a significant risk of fluctuating demand and potential difficulties in maintaining consistent rental income due to unstable market conditions.
Grade BFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
No confirmed issues.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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