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 country_house of 109 m², built in 1978, energy rating E. Located Quelfes parish, Olhão municipality, Faro district. This property features its own traditional well and two water storage tanks, offering unique opportunities for agricultural projects or self-sufficiency in the Algarve's rural setting.
The valuation. The asking price of €410,000 is significantly above the fair value of €144,397, representing an overvaluation of €265,603 (64.8%). This property is not a financial opportunity given its pricing.
Fair value modelled at €144,397 from the area baseline, adjusted for condition and location. Asking €410,000 sits €265,603 (64.8%) above — overpriced versus fair value.
Asking €410,000 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 46/100 (Condition 50 · Materials 60 · Room dimensions 48). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 60/100 (Housing Market 60 · Amenities 55 · Economic 45 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €187,153 + condition -€50,242 + location +€7,486 = modelled fair value of €144,397 (€1,325/m²), a €265,603 (64.8%) gap versus the €410,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 65a805 | Subject | €410,000 | €3,761 | — | 50 | 60 |
| via Alameda em Olhão | Active | €230,000 | €2,500 | 33.5% | 58 | 70 |
| Quelfes · 6fbc8e | Active | €570,000 | €2,591 | 31.1% | 70 | 59 |
| Quelfes · 6fbdab | Active | €380,000 | €2,077 | 44.8% | 62 | 72 |
| Moncarapacho e Fuseta · b7b7fd | Active | €595,000 | €3,420 | 9.1% | 75 | 59 |
| Median comp | €475,000 | €2,546 | 32.3% | 66 | 65 |
Long-term rental This property, valued at €144,397, is listed at €410,000, indicating it is overpriced by 64.8%. With a low gross yield of 2.8% and a neighborhood rating of 60/100, it does not present an attractive opportunity for long-term rental investments. Family rental Given the substantial gap between the asking price and the fair value, this 2-bed country house in Quelfes is overpriced and may not attract family tenants effectively. The neighborhood's amenities and average condition of 46/100 further diminish its viability as a family rental option.
Economic Vulnerability With an economic stability score of 45/100, the property may face challenges in maintaining consistent rental income due to potential market fluctuations.
