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.
4-bedroom, 3-bathroom house of 212 m², energy rating B. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This property includes a versatile 95m² basement suitable for a gym or extra bedroom, and boasts direct access to a communal swimming pool from the leisure area.
The valuation. The asking price of €595,000 is significantly above the fair value of €408,569, making it overpriced by €186,431 (31.3%). This discrepancy raises concerns about the potential for a profitable investment. Buy-to-flip angle. A buy-to-flip strategy might struggle here, as margins are thin, and the current asking price does not align with market expectations, limiting potential resale profits. Buy-to-let angle. The estimated rental income of €1,735 per month offers a gross yield of 3.5%, making it a moderate buy-to-let opportunity in a tourism-centric Algarve region, which could attract steady tenants.
Fair value modelled at €408,569 from the area baseline, adjusted for condition and location. Asking €595,000 sits €186,431 (31.3%) above — overpriced versus fair value.
Asking €595,000 versus the Quelfes, Olhão, Faro area baseline of €576,216 (€2,718/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 (Condition 80 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 64/100 (Housing Market 70 · Amenities 60 · Economic 60 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €576,216 + condition +€24,181 + location +€20,384 = modelled fair value of €408,569 (€1,927/m²), a €186,431 (31.3%) gap versus the €595,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 911253 | Subject | €595,000 | €2,807 | — | 80 | 64 |
| urbanização Cerro Azul | Active | €1,270,000 | €7,987 | 184.6% | 75 | 65 |
| urbanização Cerro Azul | Active | €1,395,000 | €5,602 | 99.6% | 78 | 63 |
| Pechão · 6fbc88 | Active | €1,550,000 | €4,559 | 62.4% | 79 | 68 |
| autoestrada EM516-2 | Active | €2,499,000 | €8,529 | 203.9% | 80 | 61 |
| Median comp | €1,472,500 | €6,795 | 142.1% | 79 | 64 |
Short-term vacation rental The 4-bed house in Quelfes is overpriced at €595,000 compared to the fair value of €408,569, indicating that potential yields may be insufficient to justify the asking price. Additionally, with a gross yield of only 3.5%, investing in this property for vacation rentals may not meet investor expectations for return on investment. Buy-and-hold The current market valuation significantly exceeds its fair value by 31.3%, suggesting that purchasing this property for long-term appreciation may not be prudent. The property's yield of 3.5% gross further exemplifies an inadequate return considering the high price point. Family rental Considering the family rental market, the property at €595,000 is overpriced and offers a low gross yield of 3.5%, which may deter potential renters in the long term. Furthermore, the neighborhood score of 64/100 indicates that the area's appeal may not be sufficient to support this elevated price. Not ideal for: Student housing, Luxury market, Industrial use
Economic Vulnerability The economic stability score of 60/100 indicates a significant risk of fluctuations in rental income due to potential market instability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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