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 127 m² on the 2nd floor, energy rating B. Located on rua 18 de Junho, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment boasts two balconies offering ample outdoor space and views, along with a convenient storage pantry for extra organization in the kitchen area.
The valuation. The asking price of €295,000 exceeds the fair value of €233,131 by €61,869 (21.0%), indicating the property is overpriced. This discrepancy suggests potential challenges for securing an acceptable return on investment.
Fair value modelled at €233,131 from the area baseline, adjusted for condition and location. Asking €295,000 sits €61,869 (21.0%) above — overpriced versus fair value.
Asking €295,000 versus the rua 18 de Junho area baseline of €345,186 (€2,718/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 74 · Materials 80 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 60/100 (Housing Market 70 · Amenities 60 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua 18 de Junho
Area baseline €345,186 + condition +€6,350 + location +€8,722 = modelled fair value of €233,131 (€1,836/m²), a €61,869 (21.0%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua 18 de Junho | Subject | €295,000 | €2,323 | — | 74 | 60 |
| estrada de Quelfes | Active | €299,500 | €2,186 | 5.9% | 73 | 71 |
| Quelfes · 49b7b7 | Active | €290,000 | €2,589 | 11.5% | 74 | 60 |
| Quelfes · cfe040 | Active | €390,000 | €2,267 | 2.4% | 72 | 66 |
| urbanização Sporting Clube Olhanense, 4 | Active | €375,000 | €3,409 | 46.8% | 72 | 63 |
| Median comp | €337,250 | €2,428 | 4.5% | 73 | 65 |
Short-term vacation rental The property is overpriced at €295,000, which is 21.0% above its fair value of €233,131, consequently impacting potential profitability. Given the seasonal tourism trends in the region and a gross yield of 4.9%, the investment may not yield satisfactory returns. Long-term rental Although long-term rental strategies might provide steady cash flow, the significant price gap indicates that the property has limited upside in rental income potential. At €295,000, the demand dynamics and conditional scores suggest that returns may underperform relative to better-priced opportunities in the Olhão area. Buy-and-hold Investing in this property as a buy-and-hold strategy raises concerns due to its valuation of €295,000, making it 21.0% overpriced compared to its fair value. The strong influence of tourism and the condition of the apartment do not justify such a premium, making it a less attractive long-term asset compared to alternatives that align more closely with fair market value.
Economic Vulnerability The economic stability score of 50/100 indicates a higher risk of economic downturns affecting rental income. Tenant Instability A tenant stability score of 60/100 suggests potential challenges in maintaining long-term tenants, which could lead to increased vacancy rates and unpredictability in cash flow.
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