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, 1-bathroom apartment of 92 m², energy rating D. Located on rua de Antero Nobre, Quelfes parish, Olhão municipality, Faro district. Noteworthy Feature: This apartment features two fronts that enhance natural light, and is situated just steps from local amenities like a health center and shopping complex.
The valuation. The asking price of €259,000 exceeds the fair value of €145,883 by €113,117, or 43.7%. This property is clearly overpriced based on current market conditions and valuation metrics.
Fair value modelled at €145,883 from the area baseline, adjusted for condition and location. Asking €259,000 sits €113,117 (43.7%) above — overpriced versus fair value.
Asking €259,000 versus the rua de Antero Nobre area baseline of €157,964 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 (Condition 65 · Materials 60 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 60/100 (Housing Market 60 · Amenities 70 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua de Antero Nobre
Area baseline €157,964 + condition -€18,400 + location +€6,319 = modelled fair value of €145,883 (€1,586/m²), a €113,117 (43.7%) gap versus the €259,000 asking price.
Short-term vacation rental While the property is located in the peripheral Algarve, which attracts tourists, its 5.4% gross yield does not justify the considerable overpricing with a 43.7% gap above fair value. Additionally, the condition and neighborhood ratings of 62/100 and 60/100 suggest it may not appeal strongly to short-term renters seeking quality accommodation. Buy-and-hold Considering the significant overpricing, the projected yield of 5.4% may not provide sufficient returns to justify holding this property for long-term appreciation, especially given its current valuation gap of 43.7%. The market conditions and ratings do not indicate a compelling case for long-term growth in this particular location. Family rental Although families may seek accommodation in the Algarve, the 43.7% discrepancy from fair value signals that this property is overpriced and could hinder cash flow potential with a modest gross yield of 5.4%. Moreover, the average neighborhood and property condition scores highlight the risks associated with this investment strategy in the current market context.
Economic Volatility Risk A low economic stability score of 50 indicates a heightened risk of market fluctuations that may affect rental income stability and property value.
