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, 3-bathroom house of 193 m², built in 1985, energy rating D. Located Quelfes parish, Olhão municipality, Faro district. This property features a substantial plot of 4,320 m² with a water well and fruit trees, offering immense potential for gardening and outdoor activities.
The valuation. The asking price of €537,000 sits €45,727 (9.3%) above the fair value of €491,273. As such, this property is considered to be valued fairly and priced accordingly.
Fair value modelled at €491,273 from 6 comparable sales in the area. Asking €537,000 sits €45,727 (9.3%) above — overpriced versus fair value.
Asking €537,000 versus the Quelfes, Olhão, Faro area baseline of €448,938 (€2,326/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 is below the parish average, reducing 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 €448,938, adjusted for condition and micro-location, gives a modelled fair value of €491,273 (€2,545/m²), a €45,727 (9.3%) gap versus the €537,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 65309f | Subject | €537,000 | €2,782 | — | 58 | 65 |
| Quelfes · 6fbdab | Active | €380,000 | €2,077 | 25.4% | 62 | 72 |
| Quelfes · 99f3f9 | Active | €500,000 | €2,101 | 24.5% | 70 | 63 |
| rua Serpa Pinto, 17 | Active | €620,000 | €3,131 | 12.5% | 70 | 62 |
| Quelfes · 6fbc8e | Active | €570,000 | €2,591 | 6.9% | 70 | 59 |
| Median comp | €535,000 | €2,346 | 15.7% | 70 | 63 |
Short-term vacation rental This property, while operating at a gross yield of 3.1%, does not present an attractive investment for short-term vacation rentals given the fair valuation. The tourist activity in the Algarve is robust, but with a valuation exceeding fair value by 9.3%, the potential for significant returns may be limited. Long-term rental As a long-term rental investment, this property reflects a fair valuation, suggesting stable cash flow albeit at a modest gross yield of 3.1%. The quality of the neighborhood (65/100) and low crime rate add stability, but the return does not compensate for the 9.3% gap to fair value. Buy-and-hold Investing in this property under a buy-and-hold strategy tends to present risks due to its fair valuation relative to price. Though the Algarve is economically stable, the 9.3% premium over the fair value could hinder long-term appreciation expectations in the current market conditions.
Economic and Tenant Instability The economic stability score of 60 combined with a tenant stability score of 55 indicates a potential risk of lower rental demand and higher vacancy rates.
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