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.
4-bedroom, 2-bathroom house of 220 m², energy rating D. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This property has a large outdoor patio accessible from the kitchen, ideal for family gatherings and leisure activities, along with a spacious garage with internal access.
The valuation. The asking price of €570,000 is significantly above the fair value of €363,839, reflecting a premium of €206,161 (36.2%). This property is overpriced based on current market conditions.
Fair value modelled at €363,839 from the area baseline, adjusted for condition and location. Asking €570,000 sits €206,161 (36.2%) above — overpriced versus fair value.
Asking €570,000 versus the Quelfes, Olhão, Faro area baseline of €377,740 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 70 · Materials 65 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 59/100 (Housing Market 60 · Amenities 50 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €377,740 + condition -€27,500 + location +€13,599 = modelled fair value of €363,839 (€1,654/m²), a €206,161 (36.2%) gap versus the €570,000 asking price.
Short-term vacation rental The property's rental yield of 5.3% does not justify its asking price of €570,000, especially considering the fair value of €363,839 which suggests a 36.2% premium. Additionally, the neighborhood score of 59/100 indicates that it may not attract as many tourists as comparable areas in the Algarve. Family rental The asking price significantly exceeds fair value, making this option less attractive despite the potential for steady demand from families drawn to the area's amenities. However, with a neighborhood score of 59/100, tenant quality may not be as high, leading to potential challenges in achieving traditional family rental income. Buy-and-hold Investing in the property for a long-term hold at €570,000 appears risky given its fair value of €363,839, creating a substantial gap of 36.2%. The property's moderate condition rating of 67/100 further raises concerns regarding future maintenance costs that could erode long-term profitability.
Economic Vulnerability The economic stability score of 55/100 indicates potential vulnerability to market downturns, which could affect tenant retention and rental income stability.
