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, 2-bathroom apartment of 114 m², built in 1997, energy rating E. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment boasts two spacious balconies ideal for outdoor relaxation and a built-in barbecue, enhancing its appeal for entertaining. Valuation Verdict: Fair.
The valuation. The asking price of €289,000 is significantly above the fair value of €200,680, representing an overvaluation of €88,320 (30.6%). This indicates that the property is overpriced compared to its true market worth.
Fair value modelled at €200,680 from the area baseline, adjusted for condition and location. Asking €289,000 sits €88,320 (30.6%) above — overpriced versus fair value.
Asking €289,000 versus the Quelfes, Olhão, Faro area baseline of €293,322 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 70 · Materials 75 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 62/100 (Housing Market 70 · Amenities 60 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €293,322 + condition -€4,453 + location +€9,395 = modelled fair value of €200,680 (€1,760/m²), a €88,320 (30.6%) gap versus the €289,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 96c438 | Subject | €289,000 | €2,535 | — | 70 | 62 |
| rua José Agostinho de Macedo, 8 | Active | €244,500 | €2,397 | 5.4% | 72 | 61 |
| Quelfes · 0dce47 | Active | €240,000 | €2,202 | 13.1% | 75 | 63 |
| avenida da República S / N | Active | €259,000 | €2,564 | 1.2% | 72 | 71 |
| Quelfes · 001a0c | Active | €340,000 | €2,500 | 1.4% | 73 | 71 |
| Median comp | €251,750 | €2,449 | 3.4% | 73 | 67 |
Short-term vacation rental The current pricing for this 3-bed apartment in Quelfes, at €289,000, represents a significant markup of 30.6% over its fair value, making it a less appealing option for investors seeking strong yields in the vacation rental sector. Given the economic seasonality of the area and the 4.9% gross yield, the investment is likely to underperform relative to expectations. Buy-and-hold At a listing price of €289,000, this property is overpriced by 30.6% compared to its fair value of €200,680, creating challenges for long-term growth and capital appreciation in a tourist-heavy market with limited economic diversity. Additionally, with a condition rating of 73/100 and a neighborhood score of only 62/100, significant risks limit its attractiveness for a buy-and-hold strategy. Value-add renovation Considering the apartment's current listing price of €289,000, which exceeds its fair value by 30.6%, potential value-add renovations may not yield sufficient returns to justify the initial investment. While the condition score of 73/100 suggests room for improvement, the high entry cost and the area's economic seasonality further complicate the viability of this strategy.
Economic Vulnerability The economic stability score of 55/100 indicates potential instability in the broader market, which could impact tenant retention and property value.
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