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.
1-bedroom, 1-bathroom apartment of 59 m², built in 1992, energy rating C. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment includes a built-in wardrobe in the bedroom, and a dedicated storage room enhances its practicality for residents during everyday living. Valuation Verdict: Fair
The valuation. The asking price of €195,000 is significantly above its fair value of €93,351, making it overpriced by €101,649 or 52.1%. This discrepancy indicates that potential buyers should approach this investment with caution.
Fair value modelled at €93,351 from the area baseline, adjusted for condition and location. Asking €195,000 sits €101,649 (52.1%) above — overpriced versus fair value.
Asking €195,000 versus the Quelfes, Olhão, Faro area baseline of €160,362 (€2,718/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 (Condition 60 · Materials 62 · Room dimensions 61). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 62/100 (Housing Market 65 · Amenities 60 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €160,362 + condition -€12,814 + location +€4,863 = modelled fair value of €93,351 (€1,582/m²), a €101,649 (52.1%) gap versus the €195,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · b7c217 | Subject | €195,000 | €3,305 | — | 60 | 62 |
| Olhão · 99f2a2 | Active | €310,000 | €3,605 | 9.1% | 70 | 62 |
| Olhão · cfddef | Active | €240,000 | €3,750 | 13.5% | 60 | 72 |
| rua Almirante Reis | Active | €240,000 | €2,857 | 13.6% | 60 | 63 |
| Quelfes · 957083 | Active | €265,000 | €3,533 | 6.9% | 70 | 60 |
| Median comp | €252,500 | €3,569 | 8.0% | 65 | 63 |
Long-term rental Given its fair value of €93,351, the property is overpriced at €195,000, yielding a gross return of only 4.3%. The current condition rating of 61/100 and neighborhood score of 62/100 suggest limited appeal for long-term tenants, making it a less attractive investment. Short-term vacation rental While proximity to the Algarve coast generally attracts tourists, the effective yield of 4.3% indicates that this property is overpriced for the short-term rental market. Seasonal employment in the area may result in fluctuating demand, further diminishing its potential as a vacation rental. Buy-and-hold The property’s fair value is significantly lower than its listing price, suggesting it is not a wise buy-and-hold investment opportunity despite its location in a tourist-friendly area. With a low yield and an average condition, the risk of holding onto this asset outweighs the potential benefits with prices held at their current valuation.
Potential Tenant Turnover The combined Economic Stability score of 55 and Tenant Stability score of 65 suggests a risk of increased tenant turnover, potentially impacting cash flow and occupancy rates, as both scores indicate vulnerabilities in maintaining consistent tenancy.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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