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.
2-bedroom, 1-bathroom apartment of 62 m², energy rating D. Located on praça Alberto Lopes, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment's location in Praça Alberto Lopes provides immediate access to essential services such as schools and health centers, enhancing its appeal for urban living and investment opportunities.
The valuation. The asking price of €193,000 is significantly above the fair value of €88,314, representing a premium of €104,686 (54.2%). This property is overpriced compared to its actual market worth.
Fair value modelled at €88,314 from the area baseline, adjusted for condition and location. Asking €193,000 sits €104,686 (54.2%) above — overpriced versus fair value.
Asking €193,000 versus the praça Alberto Lopes area baseline of €168,516 (€2,718/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 51/100 (Condition 55 · Materials 50 · Room dimensions 52). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 62/100 (Housing Market 70 · Amenities 55 · Economic 60 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
praça Alberto Lopes
Area baseline €168,516 + condition -€23,250 + location +€5,110 = modelled fair value of €88,314 (€1,424/m²), a €104,686 (54.2%) gap versus the €193,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça Alberto Lopes | Subject | €193,000 | €3,113 | — | 55 | 62 |
| rua Almirante Reis | Active | €240,000 | €2,857 | 8.2% | 60 | 63 |
| Quelfes · 99f3a0 | Active | €269,000 | €2,989 | 4.0% | 50 | 63 |
| rua João Coutinho Pais S / N | Active | €250,000 | €2,747 | 11.7% | 60 | 70 |
| rua de Antero Nobre | Active | €259,000 | €2,815 | 9.6% | 65 | 60 |
| Median comp | €254,500 | €2,836 | 8.9% | 60 | 63 |
Short-term vacation rental The property is overpriced with a listing price of €193,000 compared to a fair value of €88,314, indicating a significant gap of 54.2%. While the gross yield of 5.3% might seem appealing, the elevated cost undermines the investment potential in a tourism-driven market. Buy-and-hold At €193,000, this apartment is also overpriced relative to its fair value of €88,314, showing a substantial premium that is difficult to justify. A long-term buy-and-hold strategy is hindered by the above-market price points, which may not yield satisfactory appreciation in a fluctuating real estate environment. Family rental The listing price of €193,000 is considerably above the fair value of €88,314, suggesting the property is overpriced by 54.2%. This high asking price could limit its appeal to families seeking affordable rental options in a competitive housing market.
Economic Sensitivity Risk: With an economic stability score of 60/100, the property may be more vulnerable to economic downturns, affecting tenant stability and rental income potential.
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