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 77 m² on the 4th floor, energy rating E. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Feature: The enclosed balcony, converted from the terrace, adds practical utility for laundry or storage while enhancing the living space's functionality and appeal.
The valuation. The asking price of €285,000 is significantly above the fair value of €231,653, indicating an overpricing of €53,347 (23.0%). This discrepancy suggests that the property may not be a sound investment at this asking price.
Fair value modelled at €231,653 from 5 comparable sales in the area. Asking €285,000 sits €53,347 (23.0%) above — overpriced versus fair value.
Asking €285,000 versus the Quelfes, Olhão, Faro area baseline of €198,315 (€2,576/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €198,315, adjusted for condition and micro-location, gives a modelled fair value of €231,653 (€3,008/m²), a €53,347 (23.0%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 8ee657 | Subject | €285,000 | €3,701 | — | 70 | 70 |
| rua Doutor Alberto Iria, 2 | Active | €282,000 | €4,029 | 8.8% | 85 | 70 |
| urbanização João de Ourém | Active | €355,000 | €3,008 | 18.7% | 75 | 70 |
| Quelfes · 225d46 | Active | €245,000 | €4,153 | 12.2% | 76 | 67 |
| rua José Agostinho de Macedo, 8 | Active | €244,500 | €2,397 | 35.2% | 72 | 61 |
| Median comp | €263,500 | €3,519 | 4.9% | 76 | 69 |
Short-term vacation rental This property is overpriced with a listing price of €285,000 compared to a fair value of €231,653, creating a 23.0% gap that limits potential profitability in the competitive Algarve market. With a gross yield of 4.4%, it may struggle to attract short-term guests seeking affordable options, especially in a tourist-driven neighborhood. Long-term rental Valued at €231,653, the property’s current listing price reflects a significant premium that overshadows its 4.4% gross yield, indicating it may be a less appealing choice for long-term rentals. Given the conditions of the apartment and the neighborhood rating of 70/100, potential tenants may favor more competitively priced alternatives. Buy-and-hold Although Algarve’s real estate market is generally strong, this apartment’s selling price is 23.0% above its fair value, making it an unwise buy-and-hold investment at €285,000. The combination of low yield and elevated pricing suggests it will be challenging to realize substantial capital appreciation over time, undermining long-term investment goals.
Economic and Tenant Instability Risk: With both the economic stability and tenant stability scores at 65/100, there is a significant risk of fluctuating market conditions leading to increased vacancy rates or tenant turnover, potentially impacting 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
