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 apartment of 93 m², built in 1993, energy rating C. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The property includes pre-installation for air conditioning in every room, ensuring comfort during hot months, along with electric shutters on all windows for added security and energy efficiency.
The valuation. The asking price of €310,000 is significantly above the fair value of €179,025, reflecting an overvaluation of €130,975 (42.3%). This property is not a financially sound investment based on these figures.
Fair value modelled at €179,025 from the area baseline, adjusted for condition and location. Asking €310,000 sits €130,975 (42.3%) above — overpriced versus fair value.
Asking €310,000 versus the Quelfes, Olhão, Faro area baseline of €159,681 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 80 · Materials 85 · Room dimensions 77). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 68/100 (Housing Market 70 · Amenities 65 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €159,681 + condition +€7,847 + location +€11,497 = modelled fair value of €179,025 (€1,925/m²), a €130,975 (42.3%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 99f3ab | Subject | €310,000 | €3,333 | — | 80 | 68 |
| Quelfes · 937612 | Active | €755,000 | €4,364 | 30.9% | 80 | 64 |
| avenida da República, 89 | Active | €395,000 | €2,883 | 13.5% | 75 | 60 |
| Olhão · 65a817 | Active | €540,000 | €2,813 | 15.6% | 73 | 63 |
| estrada de Quelfes | Active | €299,500 | €2,186 | 34.4% | 73 | 71 |
| Median comp | €467,500 | €2,848 | 14.6% | 74 | 64 |
Short-term vacation rental The property, listed at €310,000, reflects a significant 42.3% gap from its fair value of €179,025, indicating it is overpriced for a short-term vacation rental investment. Despite tourism being a key economic driver in the area, the current yield of 3.8% gross suggests limited profitability potential at this purchase price. Long-term rental With a fair value of €179,025 compared to the listing price of €310,000, this property is also priced at a steep 42.3% premium, making it overpriced for a long-term rental strategy. Given the neighbourhood rating of 68/100, while there is potential for tenant demand, the high acquisition cost will likely diminish overall returns. Buy-and-hold Acquiring this apartment at €310,000 results in an overvaluation of 42.3% against its fair value of €179,025, making it a less appealing buy-and-hold option. The 80/100 condition rating provides some confidence in maintaining the asset, yet the anticipated financial returns are undermined by the excessive purchase price.
Market Volatility Risk Economic stability is relatively average at 65/100, which may indicate potential fluctuations in income and demand that could affect tenant retention rates.
