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.
0-bedroom, 0-bathroom house of 86 m², built in 1970. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This property uniquely includes two independent constructions, providing versatile usage options, and features a rooftop terrace perfect for enjoying panoramic views of the Algarve sun.
The valuation. The asking price of €339,000 is significantly above the fair value of €165,950, presenting a difference of €173,050 (51.0%). This property is considered overpriced given the disparity between the listing and the assessed market value.
Fair value modelled at €165,950 from the area baseline, adjusted for condition and location. Asking €339,000 sits €173,050 (51.0%) above — overpriced versus fair value.
Asking €339,000 versus the Quelfes, Olhão, Faro area baseline of €221,278 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €221,278 + condition +€4,703 + location +€13,585 = modelled fair value of €165,950 (€1,930/m²), a €173,050 (51.0%) gap versus the €339,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 6fba2a | Subject | €339,000 | €3,942 | — | 75 | 73 |
| rua Doutor Ataíde Oliveira | Active | €395,000 | €5,064 | 28.5% | 68 | 68 |
| rua Doctor Ataíde Oliveira À Olhão | Active | €400,000 | €8,000 | 102.9% | 72 | 52 |
| Olhão · 0239df | Active | €745,000 | €10,493 | 166.2% | 74 | 80 |
| rua do Comércio, 96 | Active | €745,000 | €10,493 | 166.2% | 75 | 74 |
| Median comp | €572,500 | €9,247 | 134.6% | 73 | 71 |
Short-term vacation rental This property is overpriced at €339,000 compared to a fair value of €165,950, resulting in a 51.0% gap which makes it a less attractive option for short-term vacation rental investments. Despite Algarve's popularity for tourists, the gross yield of 3.4% is not compelling enough to justify the asking price. Buy-and-hold Given its 51.0% gap versus fair value, this property is overpriced, suggesting limited potential for capital appreciation in the buy-and-hold strategy. The gross yield of 3.4% also indicates that long-term cash flow may not be sufficient to warrant the investment. Family rental The property's €339,000 listing price is significantly above the fair value of €165,950, indicating it is overpriced for family rental purposes. Additionally, the lower yields and neighborhood ratings suggest challenges in securing quality tenants and satisfactory returns over time.
Economic vulnerability The economic stability score of 65/100 indicates a moderate risk of economic downturn impacting rental income, while a tenant stability score of 70/100 suggests potential fluctuations in occupancy rates due to varying tenant reliability.
