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 116 m² on the 3rd floor, built in 2008. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The property includes direct access to a shared terrace offering expansive sunset and sea views, enhancing the overall living experience.
The valuation. The asking price of €270,000 is notably above the fair value of €186,733, representing an excess of €83,267 (30.8%). This property is clearly overpriced. Buy-to-flip angle. The buy-to-flip strategy focuses on renovating the apartment, aiming for a resale price that accommodates the initial investment and upgrade costs. Given the average condition and potential for improvements, flipping could attract higher offers. Buy-to-let angle. A rental income approach estimates gross monthly earnings of approximately €1,148, yielding about 5.1%. With its location near the Algarve coast, both long-term and short-term rental strategies could capitalize on seasonal tourist demand.
Fair value modelled at €186,733 from the area baseline, adjusted for condition and location. Asking €270,000 sits €83,267 (30.8%) above — overpriced versus fair value.
Asking €270,000 versus the Quelfes, Olhão, Faro area baseline of €315,288 (€2,718/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 68 · Materials 62 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 56/100 (Housing Market 60 · Amenities 55 · Economic 45 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €315,288 + condition -€17,219 + location +€4,780 = modelled fair value of €186,733 (€1,610/m²), a €83,267 (30.8%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 91174a | Subject | €270,000 | €2,328 | — | 68 | 56 |
| Moncarapacho e Fuseta · 483bdc | Active | €265,000 | €2,819 | 21.1% | 60 | 62 |
| Quelfes · 6c7911 | Active | €340,000 | €2,656 | 14.1% | 72 | 62 |
| Olhão · 99f2a2 | Active | €310,000 | €3,605 | 54.9% | 70 | 62 |
| Quelfes · b7c217 | Active | €195,000 | €3,305 | 42.0% | 60 | 62 |
| Median comp | €287,500 | €3,062 | 31.6% | 65 | 62 |
Long-term rental The €270,000 listing price for the 0-bed apartment in Quelfes reflects an excessive valuation, with a fair value assessed at €186,733, resulting in a 30.8% gap. The property’s 5.1% gross yield and a condition score of 66/100 suggest limited attractiveness for long-term tenants, especially in a neighbourhood rated only 56/100. Short-term vacation rental Though located near the Algarve coast, the apartment’s listing price is significantly overpriced at €270,000, compared to its fair market value of €186,733, leaving a substantial gap of 30.8%. With the local housing market facing seasonal economic fluctuations and the property not catering to the luxury market, short-term rental profitability may be hindered despite potential tourist interest.
Low Economic Growth Risk The economic stability score of 45/100 indicates a potentially weak local economy, which could affect property value and demand for rental units.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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