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 €192,975 (€2,573/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 €192,975 + 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.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Login Required
Please log in or create an account to access this page.
No posts yet for this property.
