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 €524,574 (€2,718/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 €524,574 + 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.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 6f404b | Subject | €690,000 | €3,575 | — | 80 | 56 |
| Quelfes · 7355b0 | Active | €500,000 | €3,049 | 14.7% | 73 | 59 |
| rua das Lavadeiras | Active | €470,000 | €4,796 | 34.1% | 76 | 59 |
| Quelfes · 6fbc8e | Active | €570,000 | €2,591 | 27.5% | 70 | 59 |
| Olhão · 1e6029 | Active | €400,000 | €4,124 | 15.3% | 76 | 70 |
| Median comp | €485,000 | €3,587 | 0.3% | 75 | 59 |
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.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
