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.
1-bedroom, 1-bathroom apartment of 59 m², energy rating D. Located Quelfes parish, Olhão municipality, Faro district. This apartment features a modern open-plan design with high-quality appliances, enhancing both aesthetics and functionality, ideal for attracting discerning tenants or short-term rental guests.
The valuation. The asking price of €245,000 is significantly above the fair value of €108,007, indicating an excess of €136,993 or 55.9%. This property is overpriced and does not represent a sound investment at this asking price.
Fair value modelled at €108,007 from the area baseline, adjusted for condition and location. Asking €245,000 sits €136,993 (55.9%) above — overpriced versus fair value.
Asking €245,000 versus the Quelfes, Olhão, Faro area baseline of €160,362 (€2,718/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 76 · Materials 80 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 67/100 (Housing Market 71 · Amenities 65 · Economic 58 · Tenant Quality 67). Strong amenities and housing-market momentum support a premium to baseline.
Quelfes, Olhão, Faro
Area baseline €160,362 + condition -€184 + location +€6,889 = modelled fair value of €108,007 (€1,831/m²), a €136,993 (55.9%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 225d46 | Subject | €245,000 | €4,153 | — | 76 | 67 |
| Quelfes · 96c65a | Active | €260,000 | €4,000 | 3.7% | 75 | 66 |
| Olhão · 99f2a2 | Active | €310,000 | €3,605 | 13.2% | 70 | 62 |
| urbanização João de Ourém | Active | €355,000 | €3,008 | 27.6% | 75 | 70 |
| Quelfes · 23f3bd | Active | €285,000 | €3,701 | 10.9% | 75 | 75 |
| Median comp | €297,500 | €3,653 | 12.0% | 75 | 68 |
Short-term vacation rental The property is overpriced at €245,000, significantly above its fair value of €108,007, indicating a gap of 55.9%. Given the 4.4% gross yield, the financial viability for short-term rentals is unappealing, particularly in the context of the seasonal demand fluctuations in the Algarve. Family rental While family rentals may seem attractive in a coastal area like Quelfes, the apartment's listing price is higher than warranted with a fair value gap of 55.9%. The combined neighborhood score of 67/100 suggests moderate appeal, but the overpricing limits its potential for steady family rental income. Buy-and-hold Investors looking at a buy-and-hold strategy should reconsider, as the property is overpriced with a fair value of only €108,007 against a listing price of €245,000. The current gross yield of 4.4% does not justify the investment given the market conditions and anticipated appreciation risks in an expensive property segment.
Economic Volatility Risk The economic stability score of 58/100 indicates a higher potential for economic downturns, which could adversely affect tenant retention and rental income.
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