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.
4-bedroom, 2-bathroom apartment of 109 m², built in 1986, energy rating F. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment includes a sunroom with pantry and is situated in a vibrant area, known for its traditional markets and proximity to Ria Formosa and the islands.
The valuation. The asking price of €240,000 is €37,665 (15.7%) above the fair value of €202,335, indicating that the property is overpriced. This discrepancy suggests a need for negotiation or reconsideration of investment viability.
Fair value modelled at €202,335 from the area baseline, adjusted for condition and location. Asking €240,000 sits €37,665 (15.7%) above — overpriced versus fair value.
Asking €240,000 versus the Quelfes, Olhão, Faro area baseline of €187,153 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 63/100 (Housing Market 60 · Amenities 75 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €187,153 + condition +€5,450 + location +€9,732 = modelled fair value of €202,335 (€1,856/m²), a €37,665 (15.7%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 0dce47 | Subject | €240,000 | €2,202 | — | 75 | 63 |
| rua Dâmaso da Encarnação | Active | €400,000 | €2,041 | 7.3% | 80 | 66 |
| Quelfes · 96c438 | Active | €289,000 | €2,535 | 15.1% | 70 | 62 |
| rua José Agostinho de Macedo, 8 | Active | €244,500 | €2,397 | 8.9% | 72 | 61 |
| Olhão · 65a817 | Active | €540,000 | €2,813 | 27.7% | 73 | 63 |
| Median comp | €344,500 | €2,466 | 12.0% | 73 | 63 |
Short-term vacation rental Given the property’s pricing at €240,000, which is 15.7% above its fair value of €202,335, it is not positioned well for attracting short-term vacation rental guests, especially with a gross yield of 0%. Additionally, the current neighborhood rating of 63/100 indicates potential guests may find more appealing alternatives nearby. Buy-and-hold The buy-and-hold strategy is questionable for this property due to its overpricing and 0% yield, which suggests it may not appreciate sufficiently over time to justify the initial investment. Coupled with a condition rating of 78/100, the ongoing maintenance requirements could further detract from potential returns. Long-term rental Investing in a long-term rental scenario is deterred by the property’s overpriced listing, which remains above fair value by 15.7%, limiting the competitive edge in attracting reliable tenants. Furthermore, its listed characteristics may yield occupancy challenges in a neighborhood rated only 63/100, potentially affecting cash flow stability.
Economic Vulnerability The property's economic stability score of 55/100 indicates a potential risk due to a weak local economy, which may lead to decreased demand and lower rental income.
