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 114 m² on the 3rd floor, built in 1988, energy rating D. Located on estrada Projetada de Quelfes, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment boasts two fronts ensuring excellent ventilation and an abundance of natural light, significantly enhancing the living experience in a tranquil setting.
The valuation. The asking price of €325,000 is slightly below the fair value of €334,887, sitting at a difference of €9,887 (3.0%). This property is fairly valued and aligns with market expectations.
Fair value modelled at €334,887 from 6 comparable sales in the area. Asking €325,000 sits €9,887 (3.0%) below — the upside to fair value.
Asking €325,000 versus the estrada Projetada de Quelfes area baseline of €287,963 (€2,526/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €287,963, adjusted for condition and micro-location, gives a modelled fair value of €334,887 (€2,938/m²), a €9,887 (3.0%) gap versus the €325,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada Projetada de Quelfes | Subject | €325,000 | €2,851 | — | 70 | 70 |
| Olhão · 65a817 | Active | €540,000 | €2,813 | 1.3% | 73 | 63 |
| Quelfes · 99f3ab | Active | €310,000 | €3,333 | 16.9% | 80 | 68 |
| avenida da República, 89 | Active | €395,000 | €2,883 | 1.1% | 75 | 60 |
| rua Dâmaso da Encarnação, 162 | Active | €290,000 | €2,900 | 1.7% | 74 | 63 |
| Median comp | €352,500 | €2,892 | 1.4% | 75 | 63 |
Long-term rental Given the solid yield of 4.1% gross and the property being assessed at a fair value within 3.0% of the listing price, long-term rental in this location is a reasonable strategy. With its proximity to popular Algarve tourist destinations, consistent demand from residents can be anticipated. Short-term vacation rental While the yield of 4.1% gross is decent, the property’s fair value alignment suggests a careful approach to short-term vacation rental strategies. The area’s appeal to tourists supports potential rental income, but the fair pricing indicates lower immediate upside potential. Buy-and-hold Given that the property is valued fairly and offers a yield of 4.1%, a buy-and-hold strategy could provide stable returns over time. The property’s location near Algarve’s tourist hotspots makes it a likely candidate for long-term appreciation, albeit without immediate significant bargains. Not ideal for student housing Considering the overall condition rating of 74/100 and the local tourism-driven economy, targeting the student housing market may not yield the best results. The property’s features and location do not align well with the needs of student tenants in this area.
Economic Vulnerability The property has a moderate economic stability score of 60/100, indicating a potential risk of economic downturns affecting rental income negatively.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
