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 83 m², built in 1988, energy rating C. Located on rua Proj. À Estr. de Quelfes, 4, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment includes a sunroom area off the kitchen and a closed balcony accessible from both bedrooms, enhancing natural light and usable space for customization.
The valuation. The asking price of €210,000 is significantly above fair value, with a difference of €89,547 (42.6%). This property is considered overpriced and not a sound investment opportunity based on current market conditions.
Fair value modelled at €120,453 from the area baseline, adjusted for condition and location. Asking €210,000 sits €89,547 (42.6%) above — overpriced versus fair value.
Asking €210,000 versus the rua Proj. À Estr. de Quelfes, 4 area baseline of €142,511 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 49/100 (Condition 45 · Materials 50 · Room dimensions 57). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 80 · Economic 60 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Proj. À Estr. de Quelfes, 4
Area baseline €142,511 + condition -€33,459 + location +€11,401 = modelled fair value of €120,453 (€1,451/m²), a €89,547 (42.6%) gap versus the €210,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Proj. À Estr. de Quelfes, 4 | Subject | €210,000 | €2,530 | — | 45 | 70 |
| Olhão · cfddef | Active | €240,000 | €3,750 | 48.2% | 60 | 72 |
| rua Almirante Reis | Active | €255,000 | €2,452 | 3.1% | 60 | 61 |
| rua Almirante Reis | Active | €240,000 | €2,857 | 12.9% | 60 | 63 |
| Olhão · 4b9180 | Active | €230,000 | €2,875 | 13.6% | 38 | 60 |
| Median comp | €240,000 | €2,866 | 13.3% | 60 | 62 |
Short-term vacation rental The property is overpriced with a fair value of €120,453 compared to its listing price of €210,000, leaving a significant gap of 42.6%. Given its location in Algarve, while benefiting from coastal tourism, the current pricing does not align with the expected yield of 5.6% gross for such short-term rentals. Long-term rental With a fair value of €120,453 set against a listing price of €210,000, the 42.6% disparity indicates that the property is overpriced. The gross yield of 5.6% may appeal to investors, but the high acquisition cost detracts from the investment's overall viability for long-term rental strategies. Buy-and-hold This property, priced at €210,000 yet valued at €120,453, suggests it is overpriced by 42.6%. While the potential for long-term appreciation exists in a desirable location, the current financial metrics do not support a favorable buy-and-hold investment approach due to inflated entry costs.
Economic Vulnerability The economic stability score of 60 suggests a risk of fluctuations that could impact tenant retention and rental income stability.
