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 112 m², built in 2009. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The property offers a rooftop terrace with unobstructed 360° views and a secure garage equipped with a charging connection for electric vehicles.
The valuation. The asking price of €359,000 is significantly above the fair value of €198,458, indicating an overpricing of €160,542 or 44.7%. The valuation suggests the property does not represent a sound investment opportunity based on current market conditions.
Fair value modelled at €198,458 from the area baseline, adjusted for condition and location. Asking €359,000 sits €160,542 (44.7%) above — overpriced versus fair value.
Asking €359,000 versus the Quelfes, Olhão, Faro area baseline of €288,176 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 70 · Materials 80 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 58/100 (Housing Market 60 · Amenities 55 · Economic 55 · Tenant Quality 58). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €288,176 + condition +€0 + location +€6,154 = modelled fair value of €198,458 (€1,772/m²), a €160,542 (44.7%) gap versus the €359,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 99f4fa | Subject | €359,000 | €3,205 | — | 70 | 58 |
| urbanização João de Ourém | Active | €355,000 | €3,008 | 6.1% | 75 | 70 |
| avenida Sporting Clube Olhanense | Active | €360,000 | €2,975 | 7.2% | 70 | 62 |
| Quelfes · 96c65a | Active | €260,000 | €4,000 | 24.8% | 75 | 66 |
| Olhão · 99f2a2 | Active | €310,000 | €3,605 | 12.5% | 70 | 62 |
| Median comp | €332,500 | €3,307 | 3.2% | 73 | 64 |
Short-term vacation rental The property is overpriced by 44.7%, significantly reducing its appeal as a short-term vacation rental, especially given its gross yield of 3.2%. Furthermore, the average neighborhood score of 58/100 indicates limited desirability, which could hinder occupancy rates in a tourist-heavy area like Quelfes, Olhão. Buy-and-hold With a current fair value of €198,458 compared to its listing price of €359,000, this property is clearly overpriced for a buy-and-hold strategy. The 75/100 condition score may not be enough to justify the investment when the expected returns are undermined by the inflated price.
Economic Vulnerability The economic stability score of 55/100 indicates a significant risk of fluctuations in market conditions that may impact property value and rental income. Tenant Instability With a tenant stability score of 58/100, there is a considerable risk of potential turnover and vacancy issues, which could impact overall cash flow.
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