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, 2-bathroom country_house of 110 m², built in 2019, energy rating B. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy features: This property includes a charming independent T1 annex, perfect for guests or rental income, along with a well-maintained rustic-style outdoor barbecue area adjacent to the private pool.
The valuation. The asking price of €480,000 is significantly above the fair value of €195,465, creating a disparity of €284,535 (59.3%). This property is considered overpriced based on its valuation metrics.
Fair value modelled at €195,465 from the area baseline, adjusted for condition and location. Asking €480,000 sits €284,535 (59.3%) above — overpriced versus fair value.
Asking €480,000 versus the Quelfes, Olhão, Faro area baseline of €283,030 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 73 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 56/100 (Housing Market 60 · Amenities 55 · Economic 45 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €283,030 + condition +€2,063 + location +€4,533 = modelled fair value of €195,465 (€1,777/m²), a €284,535 (59.3%) gap versus the €480,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 82c724 | Subject | €480,000 | €4,364 | — | 73 | 56 |
| Moncarapacho e Fuseta · 4201d2 | Active | €990,000 | €2,912 | 33.3% | 72 | 54 |
| caminho de Sao Sebastiao | Active | €1,395,000 | €6,643 | 52.2% | 82 | 62 |
| Quelfes · 99f3b2 | Active | €1,270,000 | €7,987 | 83.0% | 75 | 64 |
| Moncarapacho e Fuseta · b7b7fd | Active | €595,000 | €3,420 | 21.6% | 75 | 59 |
| Median comp | €1,130,000 | €5,032 | 15.3% | 75 | 61 |
Long-term rental The property in Quelfes, Olhão is overpriced at €480,000, significantly exceeding its fair value of €195,465, presenting a challenging investment scenario. With a gross yield of only 6.3%, the high price diminishes potential profitability in a market where tenant quality and neighborhood scores indicate short- to medium-term challenges. Family rental With its inflated listing price, the property poses a risk for family rentals, as the expected fair value of €195,465 is far more aligned with realistic market conditions. Given the neighborhood score of 56/100, this could hinder attracting long-term family tenants in a market with rising tourism influence. Buy-and-hold Investing in the Quelfes, Olhão property as a buy-and-hold strategy is not ideal, as its current price of €480,000 reflects a 59.3% gap from fair value. This substantial overpricing may hinder capital appreciation potential, affecting long-term investment viability in a fluctuating market.
Economic Instability Risk The economic stability score of 45/100 indicates a significant risk of downturns affecting rental income and property value.
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