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, 2-bathroom house of 193 m², built in 1992, energy rating D. Located Quelfes parish, Olhão municipality, Faro district. This property features a spacious rooftop terrace with unobstructed views of the sea and Ilha da Armona, enhancing its appeal for outdoor relaxation and entertaining.
The valuation. The asking price of €690,000 is significantly above the fair value of €358,936, representing an overpricing of €331,064 (48.0%). Such a disparity suggests that this property may not be a wise investment choice.
Fair value modelled at €358,936 from the area baseline, adjusted for condition and location. Asking €690,000 sits €331,064 (48.0%) above — overpriced versus fair value.
Asking €690,000 versus the Quelfes, Olhão, Faro area baseline of €331,381 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 80 · Materials 85 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 56/100 (Housing Market 60 · Amenities 50 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €331,381 + condition +€19,602 + location +€7,953 = modelled fair value of €358,936 (€1,860/m²), a €331,064 (48.0%) gap versus the €690,000 asking price.
Short-term vacation rental This property in Quelfes, Olhão is overpriced at €690,000, significantly exceeding its fair value of €358,936, rendering it a poor investment choice in the short-term vacation rental market. The current gross yield of 3% is insufficient to justify the high entry price, especially in a tourism-heavy area where competition is fierce. Buy-and-hold Investing in this 4-bed house for the long-term hold is not advisable, as it is priced 48% above fair value at €690,000. With a neighborhood rating of 56/100, the potential for appreciation in property value is limited, making it a risky investment for a buy-and-hold strategy. Long-term rental The long-term rental option for this house is unattractive, given its overpriced listing of €690,000 compared to the fair value of €358,936. A gross yield of only 3% does not compensate for the significant initial investment, particularly in a market influenced heavily by tourism, which can lead to volatility in tenant demand.
Economic Vulnerability The property faces a risk due to a relatively low economic stability score of 55/100, indicating potential fluctuations in the local market that could affect returns. Tenant Risk A tenant stability score of 60/100 suggests some uncertainty in tenant retention, increasing the likelihood of vacancies and rental income variability.
