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.
2-bedroom, 0-bathroom apartment of 75 m², built in 2002, energy rating C. Located Quelfes parish, Olhão municipality, Faro district. This apartment features a closed balcony with an electric barbecue, ideal for outdoor dining in a convenient urban setting.
The valuation. The asking price of €265,000 sits significantly above the fair value of €130,410, creating an inflated premium of €134,590 (50.8%). This property is considered overpriced.
Fair value modelled at €130,410 from the area baseline, adjusted for condition and location. Asking €265,000 sits €134,590 (50.8%) above — overpriced versus fair value.
Asking €265,000 versus the Quelfes, Olhão, Faro area baseline of €128,775 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 (Condition 70 · Materials 75 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 60/100 (Housing Market 70 · Amenities 60 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €128,775 + condition -€3,516 + location +€5,151 = modelled fair value of €130,410 (€1,739/m²), a €134,590 (50.8%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 957083 | Subject | €265,000 | €3,533 | — | 70 | 60 |
| Olhão · 99f2a2 | Active | €310,000 | €3,605 | 2.0% | 70 | 62 |
| avenida 16 de Junho, 33 | Active | €305,000 | €3,588 | 1.6% | — | 61 |
| Quelfes · 99f4fa | Active | €359,000 | €3,205 | 9.3% | 70 | 58 |
| Olhão · 1e601f | Active | €445,000 | €3,589 | 1.6% | 72 | 61 |
| Median comp | €334,500 | €3,589 | 1.6% | 70 | 61 |
Short-term vacation rental The property is overpriced at €265,000 compared to a fair value of €130,410, with a significant 50.8% gap. Given its location near popular tourist areas, the gross yield of 4.8% may not justify the investment given the lack of economic stability influenced by seasonal tenant influxes. Long-term rental At a listing price of €265,000, the apartment's value exceeds the fair valuation of €130,410 by 50.8%, indicating it is overpriced. The low tenant quality and average neighborhood condition suggest that long-term rental income may fail to compensate for the high acquisition cost, limiting potential returns. Buy-and-hold The asking price of €265,000 significantly surpasses the fair market value of €130,410, making the property overpriced by 50.8%. Additionally, the neighborhood’s low rating (60/100) and the average condition of the property may hinder appreciation in value over time, making this a less appealing buy-and-hold opportunity.
Economic Instability Risk With an economic stability score of 50/100, there is a heightened risk of adverse market conditions affecting the property's value and rental income stability.
