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 183 m². Located Quelfes parish, Olhão municipality, Faro district. The property includes a dedicated barbecue area, enhancing outdoor entertaining options, and a kitchen with convenient direct access outside, perfect for alfresco dining.
The valuation. The asking price of €380,000 is significantly above the fair value of €317,557, resulting in an overvaluation of €62,443 (16.4%). This property is considered overpriced based on current market conditions.
Fair value modelled at €317,557 from the area baseline, adjusted for condition and location. Asking €380,000 sits €62,443 (16.4%) above — overpriced versus fair value.
Asking €380,000 versus the Quelfes, Olhão, Faro area baseline of €470,859 (€2,573/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 (Condition 62 · Materials 70 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €470,859 + condition -€24,305 + location +€27,651 = modelled fair value of €317,557 (€1,735/m²), a €62,443 (16.4%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 6fbdab | Subject | €380,000 | €2,077 | — | 62 | 72 |
| Quelfes · 99f3f9 | Active | €500,000 | €2,101 | 1.2% | 70 | 63 |
| Quelfes · 6fbc8e | Active | €570,000 | €2,591 | 24.8% | 70 | 59 |
| Olhão · 262065 | Active | €586,000 | €8,618 | 315.0% | — | 70 |
| rua Joaquim Agostinho | Active | €790,000 | €3,511 | 69.1% | 72 | 71 |
| Median comp | €578,000 | €3,051 | 46.9% | 70 | 67 |
Short-term vacation rental Despite the attractive location near coastal Algarve, the property's listing price of €380,000 exceeds its fair value of €317,557, indicating that it is overpriced. This gap of 16.4% may limit profitability in the short-term vacation rental market, which is highly competitive and sensitive to cost considerations. Long-term rental While the 5.9% gross yield may initially appear appealing, the high asking price of €380,000 relative to its fair value of €317,557 suggests that the property is overpriced. Consequently, this discrepancy poses risks for long-term rental feasibility and rental return expectations in the Olhão area. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable, given its listing price of €380,000, which exceeds the fair value estimate of €317,557. The resulting 16.4% gap indicates that the property is overpriced, potentially diminishing long-term capital appreciation and overall investment returns.
Economic Vulnerability The property has a moderate economic stability score of 65/100, indicating that regional market fluctuations could negatively impact rental income and property value.
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