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 137 m², built in 2000, energy rating C. Located on estrada de Quelfes, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment's sunroom, used for laundry and storage, offers functional additional space, while unobstructed westward views enhance the tranquil living experience at sunset.
The valuation. The asking price of €299,500 is significantly above the fair value of €257,771, indicating an overpriced property by €41,729 (13.9%). This may deter potential buyers looking for a fair deal. Buy-to-flip angle. A buy-to-flip strategy could target quick renovations to leverage the modern finishes and appeal to buyers, potentially allowing for resale at a higher price point within a year. Buy-to-let angle. As a rental investment, this property offers a gross yield of 4.1%, with estimated monthly rental income of €1,023, making it a viable option in a seasonal market driven by tourism.
Fair value modelled at €257,771 from the area baseline, adjusted for condition and location. Asking €299,500 sits €41,729 (13.9%) above — overpriced versus fair value.
Asking €299,500 versus the estrada de Quelfes area baseline of €235,229 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 73 · Materials 77 · Room dimensions 81). Above-median finish quality lifts fair value versus a baseline unit needing CapEx. Full condition report →
Neighbourhood score 71/100 (Housing Market 80 · Amenities 70 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline. Full location report →
estrada de Quelfes
Area baseline €235,229 + condition +€2,783 + location +€19,759 = modelled fair value of €257,771 (€1,882/m²), a €41,729 (13.9%) gap versus the €299,500 asking price.
Long-term rental This property appears overpriced at €299,500 compared to a fair value of €257,771, indicating a potential resistance in achieving favorable cash flow from long-term rentals. With a gross yield of 4.1%, the property does not meet ideal investment returns considering its current valuation. Short-term vacation rental Given its proximity to the Algarve coast, the property may attract seasonal tourists, but its pricing at €299,500 versus a fair value of €257,771 makes it less appealing in a short-term rental context. The competitive landscape of vacation rentals signals that returns may be squeezed at this price point, especially with a yield of 4.1%. Value-add renovation The property’s condition score of 76/100 suggests there could be room for improvement, but the current price of €299,500, significantly above its fair value, may limit potential ROI from renovation efforts. Thus, pursuing a value-add strategy at this valuation appears risky, as the investment may not yield sufficient additional value to justify the increase in cost. Not ideal for The property is not suitable for student housing, as the surrounding neighbourhood and seasonality of the economy do not support steady demand from this demographic. Furthermore, it does not fit the luxury market or industrial usage, given its residential designation and pricing. Location context The proximity to the Algarve coast enhances tourist appeal, but the property's overpriced nature at €299,500 would not capitalize on this advantage. The seasonal economic conditions linked to tourism may further complicate reliable income generation at this valuation level.
Economic Vulnerability The property has a moderate economic stability score of 60/100, which may indicate potential challenges in attracting and retaining tenants during economic downturns.
