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, 1-bathroom house of 261 m², built in 1909, energy rating F. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The property boasts unique architectural details from its 1909 construction, including original wooden flooring and intricate ceiling designs that evoke early 20th-century elegance.
The valuation. The asking price of €650,000 sits €323,799 above the fair value of €326,201, marking it as overpriced by 49.8%. This disparity suggests investors should reconsider purchasing at this asking price.
Fair value modelled at €326,201 from the area baseline, adjusted for condition and location. Asking €650,000 sits €323,799 (49.8%) above — overpriced versus fair value.
Asking €650,000 versus the Quelfes, Olhão, Faro area baseline of €709,398 (€2,718/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 45/100 (Condition 38 · Materials 45 · Room dimensions 55). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 50/100 (Housing Market 50 · Amenities 55 · Economic 35 · Tenant Quality 50). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €709,398 + condition -€121,936 + location +€0 = modelled fair value of €326,201 (€1,250/m²), a €323,799 (49.8%) gap versus the €650,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 23f394 | Subject | €650,000 | €2,490 | — | 38 | 50 |
| via Alameda em Olhão | Active | €230,000 | €2,500 | 0.4% | 58 | 70 |
| rua da Cerca, 66 | Active | €365,000 | €2,786 | 11.9% | 40 | 61 |
| Quelfes · 6ebbfc | Active | €280,000 | €2,642 | 6.1% | 30 | 55 |
| Quelfes · 6fbc8e | Active | €570,000 | €2,591 | 4.0% | 70 | 59 |
| Median comp | €322,500 | €2,617 | 5.1% | 49 | 60 |
Short-term vacation rental The property at €650,000 presents a significant gap of 49.8% from its fair value of €326,201, indicating it is overpriced for a vacation rental investment. The low yield of 2.9% gross further complicates its attractiveness in a tourism-heavy market like Algarve. Buy-and-hold At a listing price of €650,000, this property does not provide a compelling buy-and-hold opportunity, given it is overpriced compared to its fair value of €326,201. The mediocre condition rating of 45/100 and neighborhood score of 50/100 suggest limited long-term appreciation potential in this investment strategy.
Low Economic and Tenant Stability Risk The property has a low economic stability score of 35/100 and a tenant stability score of 50/100, indicating a higher likelihood of vacancy and inconsistent 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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