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, 3-bathroom apartment of 173 m², built in 2010. Located Quelfes parish, Olhão municipality, Faro district. This apartment features a direct view over the Ria Formosa from every room, complemented by a spacious balcony ideal for outdoor dining and leisure.
The valuation. The asking price of €755,000 is significantly above the fair value of €335,300, making it overpriced by €419,700 (55.6%). This discrepancy raises concerns about the property's long-term investment potential.
Fair value modelled at €335,300 from the area baseline, adjusted for condition and location. Asking €755,000 sits €419,700 (55.6%) above — overpriced versus fair value.
Asking €755,000 versus the Quelfes, Olhão, Faro area baseline of €445,129 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 (Condition 80 · Materials 90 · Room dimensions 82). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 64/100 (Housing Market 70 · Amenities 60 · Economic 65 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €445,129 + condition +€21,625 + location +€16,634 = modelled fair value of €335,300 (€1,938/m²), a €419,700 (55.6%) gap versus the €755,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 937612 | Subject | €755,000 | €4,364 | — | 80 | 64 |
| Quelfes · 99f3ab | Active | €310,000 | €3,333 | 23.6% | 80 | 68 |
| Quelfes · 49b7b7 | Active | €290,000 | €2,589 | 40.7% | 74 | 60 |
| praceta José Leal Junior, 2 | Active | €450,000 | €2,866 | 34.3% | 64 | 61 |
| Quelfes · cfe040 | Active | €390,000 | €2,267 | 48.0% | 72 | 66 |
| Median comp | €350,000 | €2,728 | 37.5% | 73 | 64 |
Short-term vacation rental The property is overpriced, with a gap of 55.6% compared to its fair value, which limits potential returns from short-term vacation rentals. Additionally, the 0% gross yield indicates that it may not attract sufficient rental income to justify the investment. Long-term rental Given its current valuation, this property is overpriced and offers little incentive for long-term rental investments, particularly with a yield of 0%. The neighbourhood rating of 64/100 does not support the high asking price, making it less appealing for consistent rental income. Buy-and-hold As the property is overpriced by 55.6%, holding onto it is unlikely to yield satisfactory financial returns over time. The combination of a low yield and seasonal economic factors due to its location further diminishes the viability of a buy-and-hold strategy.
Economic Vulnerability The combined economic stability score of 65/100 and tenant stability score of 60/100 indicates a potential risk of fluctuating rental income due to less stable economic conditions and tenant retention issues.
