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.
9-bedroom, 10-bathroom country_house of 159 m², built in 1970. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This property uniquely integrates artistic vision with its rustic charm, featuring a meticulously designed swimming pool and a serene landscape perfect for evening strolls. Condition Notes: While generally well-maintained, some areas exhibit signs of age that enhance its character.
The valuation. The asking price of €1,270,000 is significantly above the fair value of €272,443, resulting in an overstated valuation by €997,557 (78.5%). The property is clearly overpriced in the current market context.
Fair value modelled at €272,443 from the area baseline, adjusted for condition and location. Asking €1,270,000 sits €997,557 (78.5%) above — overpriced versus fair value.
Asking €1,270,000 versus the Quelfes, Olhão, Faro area baseline of €273,003 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 (Condition 65 · Materials 75 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 62/100 (Housing Market 70 · Amenities 60 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €273,003 + condition -€13,664 + location +€13,104 = modelled fair value of €272,443 (€1,713/m²), a €997,557 (78.5%) gap versus the €1,270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 1e66a1 | Subject | €1,270,000 | €7,987 | — | 65 | 62 |
| caminho da Boavista | Active | €1,350,000 | €7,297 | 8.6% | 70 | 65 |
| Moncarapacho e Fuseta · 1e6106 | Active | €885,000 | €3,831 | 52.0% | — | 67 |
| rua do José Botelho, 571 | Active | €345,000 | €678 | 91.5% | 30 | 68 |
| Pechão · 6fbc88 | Active | €1,550,000 | €4,559 | 42.9% | 79 | 68 |
| Median comp | €1,117,500 | €4,195 | 47.5% | 70 | 68 |
Short-term vacation rental This property is not ideal for short-term vacation rental due to its significant overpricing, with a current listing of €1,270,000 greatly exceeding the fair value of €272,443. Furthermore, the area's seasonal employment base and the lack of yield at 0% suggest that occupancy rates may be insufficient to justify this purchase. Long-term rental Investing in this property as a long-term rental is impractical given its steep price of €1,270,000 versus a fair value of €272,443, resulting in a gap of 78.5%. Additionally, the 0% gross yield indicates that the rental income would not cover the costs associated with such a high purchase price. Buy-and-hold Acquiring this property as a buy-and-hold strategy is not advisable, as it is overpriced at €1,270,000 compared to a fair valuation of €272,443. The lack of yield coupled with the property’s moderate condition and neighborhood ratings further indicates that any potential appreciation may not be enough to offset the investment risk involved.
Economic and Tenant Instability The combined scores of 60 for both economic and tenant stability suggest a heightened risk of tenant turnover and potential fluctuations in rental income.
