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, 1-bathroom apartment of 77 m², energy rating E. Located Quelfes parish, Olhão municipality, Faro district. The 4th-floor location provides unobstructed city views and excellent sun exposure, while the converted sunroom adds versatile space for laundry or storage.
The valuation. The asking price of €285,000 is significantly above the fair value of €149,521, resulting in an overpricing of €135,479 (47.5%). This valuation suggests that potential buyers should approach with caution, as the property is considerably overpriced.
Fair value modelled at €149,521 from the area baseline, adjusted for condition and location. Asking €285,000 sits €135,479 (47.5%) above — overpriced versus fair value.
Asking €285,000 versus the Quelfes, Olhão, Faro area baseline of €209,286 (€2,718/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €209,286 + condition +€4,091 + location +€13,221 = modelled fair value of €149,521 (€1,942/m²), a €135,479 (47.5%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 23f3bd | Subject | €285,000 | €3,701 | — | 75 | 75 |
| rua José Agostinho de Macedo, 8 | Active | €244,500 | €2,397 | 35.2% | 72 | 61 |
| Olhão · 65a817 | Active | €540,000 | €2,813 | 24.0% | 73 | 63 |
| avenida da República S / N | Active | €259,000 | €2,564 | 30.7% | 72 | 71 |
| Quelfes · 001a0c | Active | €340,000 | €2,500 | 32.5% | 73 | 71 |
| Median comp | €299,500 | €2,532 | 31.6% | 73 | 67 |
Short-term vacation rental This property is overpriced at €285,000 compared to a fair value of €149,521, creating a significant 47.5% gap. Given the current yield of 0% gross, it is unlikely to generate positive cash flow, making it an unattractive choice for short-term vacation rental investment. Buy-and-hold With a fair value standing at €149,521, the asking price of €285,000 suggests that this asset is overpriced by nearly half. The current condition score of 78/100 and a neighborhood rating of 75/100 do not justify such a premium, indicating potential challenges for long-term appreciation. Luxury market Despite being situated in the popular Algarve region, the apartment's price of €285,000 is substantially above its fair valuation of €149,521, indicating it is overpriced. The high gap against fair value and a yield of 0% gross suggest this property would struggle to attract luxury buyers seeking solid investment returns.
Economic Instability Risk With an economic stability score of 65/100, there is a moderate risk of economic fluctuations affecting property value and rental income.
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