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, 1-bathroom country_house of 360 m², built in 1970, energy rating F. Located on urbanização Cerro Azul, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This property includes three parcels of land, offering both rural tranquility and urban development potential, with stunning mountain and sea views enhancing its appeal.
The valuation. The property is listed at €495,000, significantly below its fair value of €898,276, indicating it is underpriced by €403,276 or 44.9%. Buy-to-flip angle. A resale strategy could capitalize on the property’s underpricing, allowing for a profitable flip in a desirable region like Algarve. Buy-to-let angle. Although the gross yield is currently 0%, a buy-and-hold strategy targeting family rentals could generate substantial income in this tourist-heavy area, especially during peak seasons.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização Cerro Azul | Subject | €495,000 | €1,375 | — | — | 70 |
| Quelfes · 23f394 | Active | €650,000 | €2,490 | 81.1% | 38 | 50 |
| Pechão · 6c798f | Active | €400,000 | €1,802 | 31.0% | 15 | 70 |
| via Alameda em Olhão | Active | €230,000 | €2,500 | 81.8% | 58 | 70 |
| Quelfes · 65a805 | Active | €410,000 | €3,761 | 173.6% | 50 | 60 |
| Median comp | €405,000 | €2,495 | 81.5% | 44 | 65 |
Short-term vacation rental The property in Quelfes, Olhão is strategically positioned to leverage the area's tourism-centric economy, making it ideal for short-term vacation rentals. Given its fair value of €898,276, the current listing price of €495,000 presents a significant opportunity for strong returns in this booming sector. Buy-and-hold This property offers a compelling buy-and-hold investment due to its substantial fair value advantage of 44.9%, ensuring long-term capital appreciation potential. As the Algarve continues to thrive with its tourism, this property stands to gain significantly in value over time, making it a strategic addition to any portfolio. Family rental The location's pleasant neighborhood score of 70/100 suggests it could attract families seeking a tranquil lifestyle away from urban bustle. However, potential investors should note the property's condition score of 0/100, indicating that significant renovations would be required before realizing rental income potential.
Tenant turnover risk The tenant stability score of 70/100 suggests there may be a moderate risk of tenant turnover, which could affect cash flow and occupancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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