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.
5-bedroom, 1-bathroom house of 106 m², energy rating D. Located Quelfes parish, Olhão municipality, Faro district. Unique Feature: This property boasts a rooftop terrace that offers expansive views, ideal for customization and outdoor leisure, despite its current state of neglect.
The valuation. The asking price of €280,000 sits significantly above the fair value of €119,392, with an overvaluation of €160,608 (57.4%). This indicates the property is overpriced for potential buyers.
Fair value modelled at €119,392 from the area baseline, adjusted for condition and location. Asking €280,000 sits €160,608 (57.4%) above — overpriced versus fair value.
Asking €280,000 versus the Quelfes, Olhão, Faro area baseline of €288,108 (€2,718/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 35/100 (Condition 30 · Materials 25 · Room dimensions 45). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 55/100 (Housing Market 60 · Amenities 55 · Economic 45 · Tenant Quality 50). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €288,108 + condition -€66,250 + location +€3,640 = modelled fair value of €119,392 (€1,126/m²), a €160,608 (57.4%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 6ebbfc | Subject | €280,000 | €2,642 | — | 30 | 55 |
| rua da Cerca, 66 | Active | €365,000 | €2,786 | 5.5% | 40 | 61 |
| rua Manuel Tomé Viegas Vaz | Active | €360,000 | €2,250 | 14.8% | — | 66 |
| Quelfes · 65a805 | Active | €410,000 | €3,761 | 42.4% | 50 | 60 |
| Quelfes · 6fbc8e | Active | €570,000 | €2,591 | 1.9% | 70 | 59 |
| Median comp | €387,500 | €2,689 | 1.8% | 50 | 61 |
Long-term rental The property’s asking price of €280,000 significantly exceeds the calculated fair value of €119,392, indicating a 57.4% gap that renders it overpriced. With a condition rating of 35/100 and a neighbourhood score of 55/100, potential long-term renters may be deterred by the high costs relative to the property's quality and amenities. Short-term vacation rental While the property offers a notable gross yield of 10.7%, its substantial overpricing at €280,000 against a fair value of €119,392 makes it a challenging investment for short-term vacation rental in the competitive Algarve market. Families and tourists may seek better value accommodation options given the house's lower condition and neighbourhood ratings, resulting in lower occupancy rates. Student housing The property is unsuitable for student housing as its high price of €280,000 compared to the fair value of €119,392 does not justify the investment, especially in an area with limited industrial or urban employment centers. Additionally, the property’s condition and neighbourhood ratings indicate a lack of desirable amenities for potential student tenants.
Economic Vulnerability The property has a low economic stability score of 45/100, indicating a risk of economic downturn impacting tenant demand and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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