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 house of 238 m², built in 1989, energy rating C. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The property includes a unique BBQ area designed for outdoor dining and leisure, and the garage offers extensive parking space, enhancing convenience for residents and guests.
The valuation. The asking price of €500,000 is €77,542 (15.5%) above the fair value of €422,458, indicating that the property is overpriced. This discrepancy should be carefully considered by potential investors.
Fair value modelled at €422,458 from the area baseline, adjusted for condition and location. Asking €500,000 sits €77,542 (15.5%) above — overpriced versus fair value.
Asking €500,000 versus the Quelfes, Olhão, Faro area baseline of €612,374 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 70 · Materials 75 · Room dimensions 76). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 63/100 (Housing Market 60 · Amenities 65 · Economic 55 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €612,374 + condition -€7,438 + location +€21,250 = modelled fair value of €422,458 (€1,775/m²), a €77,542 (15.5%) gap versus the €500,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 99f3f9 | Subject | €500,000 | €2,101 | — | 70 | 63 |
| Quelfes · 6fbdab | Active | €380,000 | €2,077 | 1.2% | 62 | 72 |
| Quelfes · 7355b0 | Active | €500,000 | €3,049 | 45.1% | 73 | 59 |
| Olhão · cfddf5 | Active | €580,000 | €7,073 | 236.7% | 75 | 68 |
| Olhão · 262065 | Active | €586,000 | €8,618 | 310.2% | — | 70 |
| Median comp | €540,000 | €5,061 | 140.9% | 73 | 69 |
Short-term vacation rental This property, with a gross yield of 3.3%, is overpriced compared to the fair value of €422,458, representing a gap of 15.5%. Given the condition score of 73/100 and a neighborhood score of 63/100, it does not provide an attractive investment return for short-term rentals in the competitive Algarve market. Buy-and-hold With a listing price of €500,000, the property is overpriced by 15.5% against its calculated fair value of €422,458, limiting long-term appreciation potential. The moderate condition and neighborhood ratings suggest that there may be better opportunities available for a buy-and-hold strategy in the area. Family rental Although a family rental market exists in the Algarve, the property’s €500,000 listing price is 15.5% above the fair value, making it a less favorable investment. The overall neighborhood rating of 63/100 indicates that the property may not attract family renters willing to pay a premium for subpar conditions relative to other options.
Economic Vulnerability The economic stability score of 55 suggests potential susceptibility to market fluctuations, which may impact rental income and property value.
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