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 110 m², built in 2008, energy rating B. Located on urbanização Sporting Clube Olhanense, 4, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment uniquely offers views of the Olhão Stadium along with distant sea vistas, complemented by abundant natural light from all exterior-facing windows.
The valuation. The asking price of €361,000 significantly exceeds the fair value of €200,926, presenting an overpricing of €160,074 or 44.3%. This valuation suggests that potential investors should approach cautiously.
Fair value modelled at €200,926 from the area baseline, adjusted for condition and location. Asking €361,000 sits €160,074 (44.3%) above — overpriced versus fair value.
Asking €361,000 versus the urbanização Sporting Clube Olhanense, 4 area baseline of €188,870 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 73 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 63/100 (Housing Market 70 · Amenities 60 · Economic 50 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
urbanização Sporting Clube Olhanense, 4
Area baseline €188,870 + condition +€2,234 + location +€9,821 = modelled fair value of €200,926 (€1,827/m²), a €160,074 (44.3%) gap versus the €361,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização Sporting Clube Olhanense, 4 | Subject | €361,000 | €3,282 | — | 73 | 63 |
| urbanização Sporting Clube Olhanense, 4 | Active | €375,000 | €3,409 | 3.9% | 72 | 63 |
| avenida dos Bombeiros Municipais de Olhão | Active | €361,000 | €3,252 | 0.9% | 75 | 74 |
| urbanização Marina Village | Active | €430,000 | €4,674 | 42.4% | 74 | 70 |
| rua Custódio Domingos Pereira Neto, 7 | Active | €430,000 | €4,624 | 40.9% | 74 | 71 |
| Median comp | €402,500 | €4,017 | 22.4% | 74 | 71 |
Short-term vacation rental This 2-bed apartment in Quelfes, Olhão is overpriced at €361,000 compared to a fair value of €200,926, creating a substantial gap of 44.3%. While the Algarve location suggests potential tourist interest, the 3.1% gross yield indicates limited profitability in the current pricing environment. Buy-and-hold Although holding property in a desirable location seems appealing, the current price of €361,000 far exceeds the fair value of €200,926, showing an excessive valuation of 44.3%. With a condition rating of 76/100, the investment may face challenges in achieving substantial appreciation given the current market status. Long-term rental The substantial gap between the listing price of €361,000 and the fair value of €200,926 signals that this apartment is overpriced by 44.3%, limiting its attractiveness for long-term rental strategies. The gross yield of 3.1% falls well below acceptable investment thresholds, suggesting that this property may not be a wise choice for steady rental income.
Economic Risk The economic stability score of 50/100 indicates a potential for economic downturns that could affect property value and rental income.
