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, 2-bathroom apartment of 100 m² on the 3rd floor, built in 1999, energy rating C. Located on rua Dâmaso da Encarnação, 162, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment includes two convenient storage rooms and an air-conditioned bedroom, enhancing both organization and comfort for its residents.
The valuation. The asking price of €290,000 sits significantly above the fair value of €182,972, indicating an overpricing of €107,028 (36.9%). This discrepancy suggests the acquisition may not be financially advantageous.
Fair value modelled at €182,972 from the area baseline, adjusted for condition and location. Asking €290,000 sits €107,028 (36.9%) above — overpriced versus fair value.
Asking €290,000 versus the rua Dâmaso da Encarnação, 162 area baseline of €271,800 (€2,718/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 74 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 63/100 (Housing Market 75 · Amenities 60 · Economic 50 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Dâmaso da Encarnação, 162
Area baseline €271,800 + condition +€2,344 + location +€8,928 = modelled fair value of €182,972 (€1,830/m²), a €107,028 (36.9%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Dâmaso da Encarnação, 162 | Subject | €290,000 | €2,900 | — | 74 | 63 |
| Quelfes · 99f3ab | Active | €310,000 | €3,333 | 14.9% | 80 | 68 |
| Olhão · 65a817 | Active | €540,000 | €2,813 | 3.0% | 73 | 63 |
| Olhão · 1e601f | Active | €445,000 | €3,589 | 23.7% | 72 | 61 |
| avenida da República, 89 | Active | €395,000 | €2,883 | 0.6% | 75 | 60 |
| Median comp | €420,000 | €3,108 | 7.2% | 74 | 62 |
Short-term vacation rental The property in Quelfes, Olhão is overpriced by 36.9% compared to its fair value of €182,972, making it less attractive for short-term vacation rental investments. The current yield of 4.9% gross and the reliance on tourism in the area indicate potential risk in a highly seasonal market. Buy-and-hold This 3-bed apartment is not a sound buy-and-hold investment given its current valuation of €290,000, which significantly exceeds its fair value. With the neighborhood rated 63/100 and a gross yield of 4.9%, the potential for long-term capital appreciation appears limited in this overpriced property. Family rental As a family rental property, this apartment may appeal to some tenants, but its valuation of €290,000 indicates it is overpriced compared to the fair value of €182,972. The overall condition rating of 77/100 does suggest livability, yet the economic context focused on tourism may not provide stable long-term demand for families.
Economic Vulnerability The property is at risk due to a low economic stability score of 50/100, indicating potential challenges in sustaining consistent income and property value.
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