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.
1-bedroom, 1-bathroom apartment of 65 m², energy rating C. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The property includes a 10m² terrace offering partial views of the Ria Formosa and is located just 200 meters from Praia dos Cavacos, enhancing its appeal as a vacation rental.
The valuation. The asking price of €260,000 is significantly above the fair value of €119,763, marking an overpricing of €140,237 (53.9%). This suggests the property is overpriced for its current market conditions.
Fair value modelled at €119,763 from the area baseline, adjusted for condition and location. Asking €260,000 sits €140,237 (53.9%) above — overpriced versus fair value.
Asking €260,000 versus the Quelfes, Olhão, Faro area baseline of €111,605 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 75 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 66/100 (Housing Market 60 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €111,605 + condition +€1,016 + location +€7,143 = modelled fair value of €119,763 (€1,843/m²), a €140,237 (53.9%) gap versus the €260,000 asking price.
Long-term rental The 1-bed apartment in Quelfes, Olhão, is overpriced at €260,000 compared to a fair value of €119,763, resulting in a substantial gap of 53.9%. With a yield of 0% gross and a condition rating of 76/100, this investment fails to generate income, making it an unsuitable option for long-term rental. Family rental Despite being in a safe and family-friendly area typical of Algarve regions, this property is overpriced by 53.9% against its fair value of €119,763. With no rental yield and average neighborhood ratings, it falls short of meeting the demands of family rentals, suggesting poor investment viability. Buy-and-hold Investors looking to buy-and-hold should reconsider the 1-bed apartment, as it is significantly overpriced at €260,000, exceeding the fair value by 53.9%. The lack of rental yield and the property’s moderate condition undermine its potential for appreciation, making it a less-than-ideal choice for a long-term hold.
Economic volatility risk There is a potential risk associated with the economic stability score of 65/100, indicating that economic fluctuations could impact tenant demand and rental income stability.
