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, 4-bathroom house of 260 m², built in 1989, energy rating C. Located Quelfes parish, Olhão municipality, Faro district. This property boasts a generous 702 m² garden, complemented by a large pool area featuring a support bar for entertaining, enhancing outdoor leisure opportunities.
The valuation. The asking price of €650,000 is significantly above the fair value of €494,245, representing an excess of €155,755 (24.0%). This property is considered overpriced in the current market.
Fair value modelled at €494,245 from the area baseline, adjusted for condition and location. Asking €650,000 sits €155,755 (24.0%) above — overpriced versus fair value.
Asking €650,000 versus the Quelfes, Olhão, Faro area baseline of €706,680 (€2,718/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 82 · Room dimensions 79). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 67/100 (Housing Market 80 · Amenities 70 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €706,680 + condition +€17,469 + location +€30,357 = modelled fair value of €494,245 (€1,901/m²), a €155,755 (24.0%) gap versus the €650,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 4d47d9 | Subject | €650,000 | €2,500 | — | 75 | 67 |
| Quelfes · 99f3f9 | Active | €500,000 | €2,101 | 16.0% | 70 | 63 |
| rua Joaquim Agostinho | Active | €790,000 | €3,511 | 40.4% | 72 | 71 |
| Olhão · 262065 | Active | €586,000 | €8,618 | 244.7% | — | 70 |
| Quelfes · 7355b0 | Active | €500,000 | €3,049 | 22.0% | 73 | 59 |
| Median comp | €543,000 | €3,280 | 31.2% | 72 | 67 |
Short-term vacation rental The property is overpriced at €650,000 compared to the fair value of €494,245, indicating a significant gap of 24.0%. With a gross yield of only 2.9%, it may struggle to provide attractive returns in the competitive tourist-driven market. Buy-and-hold Investing in this property as a long-term asset could be risky given its overvaluation, which places it at a 24.0% premium over the fair value. Additionally, the combination of a below-average neighborhood rating of 67/100 and a unimpressive condition score of 79/100 suggests limited potential for appreciation. Long-term rental The property’s current price reflects a significant overpricing at €650,000, with a fair value assessed at €494,245. A gross yield of 2.9% further illustrates the challenges of achieving satisfactory rental returns in a neighborhood characterized primarily by short-term tourism demand.
Economic Vulnerability The economic stability score of 55/100 indicates a potential risk of economic downturns that could impact 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.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
