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 110 m², built in 2008, energy rating B. Located on urbanização Sporting Clube Olhanense, 4, Quelfes parish, Olhão municipality, Faro district. Noteworthy Feature: This apartment boasts both stunning views of Olhão Stadium and distant sea vistas, enhancing its desirability for leisure or investment in the Algarve. Condition Notes: Features pre-installation for air conditioning, maintaining comfort year-round.
The valuation. The asking price of €375,000 sits significantly above fair value at €201,269, representing an overpricing of €173,731 (46.3%). The property's value fails to justify its current market position.
Fair value modelled at €201,269 from the area baseline, adjusted for condition and location. Asking €375,000 sits €173,731 (46.3%) above — overpriced versus fair value.
Asking €375,000 versus the urbanização Sporting Clube Olhanense, 4 area baseline of €188,870 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 72 · Materials 78 · Room dimensions 81). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 63/100 (Housing Market 70 · Amenities 65 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
urbanização Sporting Clube Olhanense, 4
Area baseline €188,870 + condition +€2,578 + location +€9,821 = modelled fair value of €201,269 (€1,830/m²), a €173,731 (46.3%) gap versus the €375,000 asking price.
Short-term vacation rental The 2-bed apartment in Quelfes is not ideal for short-term vacation rental due to its 46.3% gap from fair value, indicating it is overpriced at €375,000. Despite the favorable tourist market in the Algarve, the high asking price compromises potential returns. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable given its current valuation of €375,000, significantly above the fair value of €201,269. You would face challenges in achieving sufficient appreciation and a decent yield, which is currently only 3.5% gross, in this overpriced environment. Long-term rental Acquiring this apartment for long-term rental purposes is also not recommended, as it is overpriced at €375,000 compared to its fair value of €201,269. The gross yield of 3.5% fails to justify the entry price, making it a less viable option for rental income.
Economic Decline Risk With an economic stability score of 55/100, there is a heightened risk that local economic downturns could negatively impact rental demand and property values.
