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 136 m², built in 2005, energy rating D. Located Quelfes parish, Olhão municipality, Faro district. Features: The apartment includes large terraces of 30 m², perfect for outdoor leisure, and offers unobstructed views of the city and sea due to its south-facing orientation.
The valuation. The asking price of €340,000 exceeds the fair value of €256,102 by €83,898, indicating the property is overpriced by 24.7%. This discrepancy suggests caution for potential investors.
Fair value modelled at €256,102 from the area baseline, adjusted for condition and location. Asking €340,000 sits €83,898 (24.7%) above — overpriced versus fair value.
Asking €340,000 versus the Quelfes, Olhão, Faro area baseline of €349,928 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 73 · Materials 80 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 71/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 72). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €349,928 + condition +€2,975 + location +€19,615 = modelled fair value of €256,102 (€1,883/m²), a €83,898 (24.7%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 001a0c | Subject | €340,000 | €2,500 | — | 73 | 71 |
| avenida da República S / N | Active | €259,000 | €2,564 | 2.6% | 72 | 71 |
| rua José Agostinho de Macedo, 8 | Active | €244,500 | €2,397 | 4.1% | 72 | 61 |
| rua Vasco da Gama | Active | €270,000 | €2,328 | 6.9% | 68 | 63 |
| Quelfes · 49b7b7 | Active | €290,000 | €2,589 | 3.6% | 74 | 60 |
| Median comp | €264,500 | €2,481 | 0.8% | 72 | 62 |
Long-term rental The 2-bed apartment in Quelfes is currently priced at €340,000, which exceeds its fair value of €256,102 by 24.7%, indicating an overpriced listing. With a gross yield of only 3.9% and moderate condition ratings, the property may not attract long-term tenants effectively given its inflated price. Short-term vacation rental Despite being located near the Algarve coast, the apartment's price at €340,000 reflects a gap of 24.7% above fair value, positioning it as overpriced in the market. The yield of 3.9% suggests that rental income may not justify the high initial investment, deterring potential vacation rental investors. Buy-and-hold Investing in this 2-bed apartment at €340,000 is challenged by its 24.7% price gap from fair value, confirming it is overpriced. The property’s gross yield of 3.9% and overall ratings in condition and neighbourhood hint at limited long-term appreciation potential for buy-and-hold strategies.
Economic Vulnerability The economic stability score of 65 indicates potential challenges in the local market that could affect property value and rental income stability; a drop in economic conditions could reduce tenant demand.
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