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.
0-bedroom, 0-bathroom apartment of 128 m², built in 2005. Located Quelfes parish, Olhão municipality, Faro district. This apartment includes two enclosures, offering additional storage options or laundry support, enhancing both utility and organization in your living space.
The valuation. The asking price of €340,000 is significantly above the fair value of €228,725, indicating an overvaluation of €111,275 (32.7%). This suggests that the property is overpriced and may not yield favorable returns for investors.
Fair value modelled at €228,725 from the area baseline, adjusted for condition and location. Asking €340,000 sits €111,275 (32.7%) above — overpriced versus fair value.
Asking €340,000 versus the Quelfes, Olhão, Faro area baseline of €347,904 (€2,718/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 72 · Materials 76 · Room dimensions 76). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 62/100 (Housing Market 70 · Amenities 60 · Economic 65 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €347,904 + condition -€1,600 + location +€10,549 = modelled fair value of €228,725 (€1,787/m²), a €111,275 (32.7%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 6c7911 | Subject | €340,000 | €2,656 | — | 72 | 62 |
| Olhão · 99f2a2 | Active | €310,000 | €3,605 | 35.7% | 70 | 62 |
| Quelfes · 96c65a | Active | €260,000 | €4,000 | 50.6% | 75 | 66 |
| Quelfes · 957083 | Active | €265,000 | €3,533 | 33.0% | 70 | 60 |
| Quelfes · b7c217 | Active | €195,000 | €3,305 | 24.4% | 60 | 62 |
| Median comp | €262,500 | €3,569 | 34.4% | 70 | 62 |
Short-term vacation rental The property's current listing price of €340,000 significantly exceeds the fair value of €228,725, indicating that it is overpriced for a short-term vacation rental. With a gross yield of only 3.6% and a neighborhood rating of 62/100, the potential returns may not justify the higher investment cost. Long-term rental At a listing price of €340,000, this 0-bed apartment in Quelfes is overpriced compared to its fair value of €228,725, which could deter long-term rental demand. The 3.6% gross yield suggests limited profit potential, especially in a neighborhood rated at 62/100. Buy-and-hold Investing in this property for a buy-and-hold strategy is less appealing given its overpriced status at €340,000 compared to the fair value of €228,725. The projected yield of 3.6% coupled with a condition rating of 74/100 does not suggest favorable long-term appreciation prospects in the current market environment.
Economic Vulnerability The economic stability score of 65/100 suggests potential sensitivity to market fluctuations that may impact tenant retention and rental income.
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