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.
3-bedroom, 3-bathroom apartment of 172 m², built in 2007. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment includes a private parking space and is located on the top floor, providing added privacy and elevated views of the surrounding area.
The valuation. The asking price of €390,000 is significantly above the fair value of €313,150, representing an overvaluation of €76,850 (19.7%). This price suggests a lack of market competitiveness. Buy-to-flip angle. A buy-and-flip strategy may be challenging given the property’s asking price, as resale to achieve profit would require notable market appreciation in the area. Buy-to-let angle. With an estimated rental income of €1,332/month, the gross yield of 4.1% offers a steady income stream, although the initial investment remains elevated compared to fair market value.
Fair value modelled at €313,150 from the area baseline, adjusted for condition and location. Asking €390,000 sits €76,850 (19.7%) above — overpriced versus fair value.
Asking €390,000 versus the Quelfes, Olhão, Faro area baseline of €442,556 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 72 · Materials 78 · Room dimensions 76). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 66/100 (Housing Market 70 · Amenities 65 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €442,556 + condition -€1,075 + location +€18,901 = modelled fair value of €313,150 (€1,821/m²), a €76,850 (19.7%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · cfe040 | Subject | €390,000 | €2,267 | — | 72 | 66 |
| Quelfes · 49b7b7 | Active | €290,000 | €2,589 | 14.2% | 74 | 60 |
| estrada de Quelfes | Active | €299,500 | €2,186 | 3.6% | 73 | 71 |
| Quelfes · 1e619e | Active | €445,000 | €2,665 | 17.5% | 72 | 64 |
| rua Almirante Reis | Active | €255,000 | €2,452 | 8.1% | 60 | 61 |
| Median comp | €294,750 | €2,521 | 11.2% | 73 | 63 |
Long-term rental The apartment’s current listing price of €390,000 is significantly above its fair value of €313,150, reflecting a gap of 19.7%, which suggests limited potential for capital appreciation in the long-term rental market. With a gross yield of 4.1%, the investment may not meet the return expectations typically sought by long-term rental investors in the Algarve. Short-term vacation rental At a listing price of €390,000, the property is overpriced compared to the fair value of €313,150, and this gap of 19.7% may deter short-term rental profitability in a competitive market. Although the area boasts tourism appeal, the 4.1% gross yield indicates potential challenges in achieving desired returns on vacation rentals. Buy-and-hold The disparity between the listing price of €390,000 and the fair value of €313,150, representing a 19.7% gap, signals that this buy-and-hold strategy may not yield satisfactory capital growth over time. Furthermore, with a condition rating of 75/100 and a neighborhood score of 66/100, the prospect of long-term appreciation may be hindered in a market where overpricing is evident.
Tenant turnover risk The combination of a tenant stability score of 70/100 suggests potential challenges in maintaining long-term tenants, which could lead to increased vacancy rates and associated costs.
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