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. Noteworthy features: The apartment boasts direct access to a private balcony, enhancing the living space with outdoor leisure options and remarkable vistas of Ria Formosa.
The valuation. The asking price of €755,000 is significantly above the fair value of €361,425, representing an overpriced position of €393,575 (52.1%). It is essential to recognize this discrepancy in any investment consideration.
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 €297,041 (€1,717/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. Full condition report →
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. Full location report →
Quelfes, Olhão, Faro
Area baseline €297,041 + 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.
Short-term vacation rental In a market heavily focused on tourism, the 0% yield suggests that the current pricing of €755,000 is not justified given the fair value assessment of €361,425. This property is overpriced and may deter renters due to its inflated cost relative to potential returns. Long-term rental The high listing price of €755,000 significantly undermines the viability of this property as a long-term rental investment, especially when fair value indicates it should be around €361,425. Investors should be cautious, as the property's current value appears overpriced, offering no potential for immediate rental income. Buy-and-hold The buy-and-hold strategy for this property is challenged by its overvaluation at €755,000, far exceeding the fair value estimate of €361,425. As market conditions suggest a seasonal economy and negligible rental returns, this property is overpriced for the long-term investment market.
Tenant turnover risk Higher tenant turnover may occur due to the low tenant stability score of 60/100, potentially leading to increased vacancy rates and associated costs.
