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, 1-bathroom apartment of 90 m², built in 1993, energy rating D. Located Quelfes parish, Olhão municipality, Faro district. The apartment's 3rd floor location provides enhanced privacy and reduced street noise, while its proximity to local amenities ensures a convenient lifestyle for families and investors alike.
The valuation. The asking price of €269,000 is significantly above the fair value of €133,034, representing an overpriced position at €135,966 (50.5%). This disparity suggests limited potential for immediate appreciation.
Fair value modelled at €133,034 from the area baseline, adjusted for condition and location. Asking €269,000 sits €135,966 (50.5%) above — overpriced versus fair value.
Asking €269,000 versus the Quelfes, Olhão, Faro area baseline of €154,530 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 54/100 (Condition 50 · Materials 55 · Room dimensions 62). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 63/100 (Housing Market 65 · Amenities 65 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €154,530 + condition -€29,531 + location +€8,036 = modelled fair value of €133,034 (€1,478/m²), a €135,966 (50.5%) gap versus the €269,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 99f3a0 | Subject | €269,000 | €2,989 | — | 50 | 63 |
| rua de Antero Nobre | Active | €259,000 | €2,815 | 5.8% | 65 | 60 |
| rua Almirante Reis | Active | €240,000 | €2,857 | 4.4% | 60 | 63 |
| Olhão · 4bbcbf | Active | €270,000 | €3,103 | 3.8% | 60 | 64 |
| Olhão · cfddef | Active | €240,000 | €3,750 | 25.5% | 60 | 72 |
| Median comp | €249,500 | €2,980 | 0.3% | 60 | 64 |
Short-term vacation rental Despite its proximity to the Algarve coast, this 3-bed apartment in Quelfes is overpriced by 50.5% when comparing its listing price of €269,000 to its fair value of €133,034, limiting its attractiveness for vacation rentals. Additionally, the apartment's condition rating of 54/100 and the neighborhood's score of 63/100 suggest that it may not meet the expectations of tourists seeking quality accommodations. Long-term rental While the property offers a gross yield of 5.2%, the significant gap to fair value indicates that the investment is overpriced and presents a risk of declining rental demand in a region heavily reliant on seasonal tourism. With a fair value of €133,034, the current price may not justify the long-term rental potential in this fluctuating market. Buy-and-hold Investing in this property as a buy-and-hold strategy is compromised due to its substantial overpricing of 50.5% against its fair value of €133,034, making it a less attractive long-term asset. The economic stability of the neighborhood, which is affected by seasonal tourism, further complicates the viability of this strategy given the property's current valuation.
Economic Vulnerability With an economic stability score of 55/100 and tenant stability at 60/100, the property faces a heightened risk of fluctuating demand and potential rental income instability.
