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, 3-bathroom apartment of 167 m², energy rating C. Located Quelfes parish, Olhão municipality, Faro district. The apartment boasts expansive balconies that enhance outdoor living space, allowing residents to enjoy the sunny Olhão climate while also providing ample ventilation throughout the home.
The valuation. The asking price of €445,000 is significantly above fair value, which is assessed at €305,406. This results in an overpricing of €139,594, or 31.4%. Buy-to-flip angle. A resale strategy would require substantial renovation to justify a profit, making flipping unlikely without significant investment. Buy-to-let angle. The current gross yield is 0%, indicating that rental income from potential short-term vacation rentals may not cover costs, creating a challenging buy-and-hold scenario.
Fair value modelled at €305,406 from the area baseline, adjusted for condition and location. Asking €445,000 sits €139,594 (31.4%) above — overpriced versus fair value.
Asking €445,000 versus the Quelfes, Olhão, Faro area baseline of €286,739 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 72 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 64/100 (Housing Market 70 · Amenities 60 · Economic 60 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €286,739 + condition +€2,609 + location +€16,057 = modelled fair value of €305,406 (€1,829/m²), a €139,594 (31.4%) gap versus the €445,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 1e619e | Subject | €445,000 | €2,665 | — | 72 | 64 |
| Quelfes · 49b7b7 | Active | €290,000 | €2,589 | 2.8% | 74 | 60 |
| Quelfes · cfe040 | Active | €390,000 | €2,267 | 14.9% | 72 | 66 |
| estrada de Quelfes | Active | €299,500 | €2,186 | 18.0% | 73 | 71 |
| azinhaga da Patinha | Active | €515,000 | €2,537 | 4.8% | 70 | 54 |
| Median comp | €344,750 | €2,402 | 9.9% | 73 | 63 |
Short-term vacation rental This property is overpriced by 31.4%, which limits its potential to generate significant returns in the short-term vacation rental market, particularly due to its 0% gross yield. Additionally, the neighborhood's lower ratings suggest a lack of appeal for tourists, making it an unfavorable investment for this strategy. Buy-and-hold Considering the property’s current valuation of €445,000 versus its fair value of €305,406, investing in a buy-and-hold strategy becomes less appealing as the profitability outlook diminishes. The stagnant yield and economic dependency on tourism in Quelfes further restrict price appreciation potential over time. Family rental With a neighborhood rating of 64/100 and no indication of a strong tenant market, the property seems overpriced and does not cater well to long-term family rentals. The lack of local industry and amenities suitable for families makes this investment less attractive given its current high asking price. Not ideal for: This property is not suited for luxury market or student housing due to its pronounced overvaluation and limitations in property condition and local industry.
Economic Vulnerability With an economic stability score of 60/100, the area may experience economic fluctuations that could impact property values and rental income significantly. Tenant Instability A tenant stability score of 65/100 indicates a moderate risk of tenant turnover, potentially leading to increased vacancy rates and reduced cash flow.
