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 apartment includes pre-installation for central vacuum and video intercom, enhancing convenience and security for modern living.
The valuation. The asking price of €359,000 is significantly above the fair value of €214,986, representing an overvaluation of €144,014 (40.1%). This price point does not reflect a sound investment opportunity due to its inflated nature.
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 €192,304 (€1,717/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. Full condition report →
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. Full location report →
Quelfes, Olhão, Faro
Area baseline €192,304 + 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.
Short-term vacation rental Given the property’s listing price of €359,000, which is 40.1% above its fair value of €214,986, the projected gross yield of 3.2% does not justify the investment, even in the tourist-heavy Algarve region. Additionally, the neighborhood's score of 58/100 indicates that while there are some amenities, the overall condition of the area may not attract high-paying short-term tenants. Buy-and-hold The significant gap between the listing price and fair value suggests that this property is overpriced at €359,000 for a long-term buy-and-hold strategy, making it less appealing for steady capital appreciation. With a condition rating of 75/100 and moderate neighborhood quality, the potential for long-term value growth may be limited in comparison to the high acquisition cost.
Economic Vulnerability The property has a low economic stability score of 55/100, indicating potential susceptibility to market fluctuations. Tenant Instability With a tenant stability score of 58/100, there is a significant risk of tenant turnover, which may affect rental income consistency.
