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, 2-bathroom apartment of 117 m², built in 1983. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Feature: The apartment's top-floor location ensures unobstructed views and optimal privacy, while its extensive renovations provide modern aesthetics and energy efficiency throughout the living space.
The valuation. The asking price of €315,000 is €25,750 (8.9%) above the fair value of €289,250. As such, this property is considered priced fairly based on current market conditions.
Fair value modelled at €289,250 from 6 comparable sales in the area. Asking €315,000 sits €25,750 (8.9%) above — overpriced versus fair value.
Asking €315,000 versus the Quelfes, Olhão, Faro area baseline of €225,951 (€1,931/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €225,951, adjusted for condition and micro-location, gives a modelled fair value of €289,250 (€2,472/m²), a €25,750 (8.9%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · ade67a | Subject | €315,000 | €2,692 | — | 78 | 64 |
| estrada de Quelfes | Active | €299,500 | €2,186 | 18.8% | 73 | 71 |
| Quelfes · 49b7b7 | Active | €290,000 | €2,589 | 3.8% | 74 | 60 |
| Quelfes · cfe040 | Active | €390,000 | €2,267 | 15.8% | 72 | 66 |
| rua Pedro Ninil | Active | €330,000 | €2,444 | 9.2% | 75 | 68 |
| Median comp | €314,750 | €2,356 | 12.5% | 74 | 67 |
Short-term vacation rental Given the assumed proximity to tourist areas in the Algarve, this property could appeal to visitors, contributing to a modest gross yield of 3.6%. However, its fair pricing and the condition rating of 81/100 indicate that while it can perform adequately in the vacation rental market, it may not be a standout investment opportunity. Long-term rental The property presents an opportunity for long-term rental, yet the fair valuation of €315,000 suggests limited upside potential in this strategy. With a gross yield of 3.6% and a neighborhood rating of 64/100, the overall returns may not significantly outperform other investment options in the region. Buy-and-hold As a buy-and-hold strategy, this investment could yield stable cash flow, particularly given its location in a desirable tourist region. Still, with an 8.9% gap from fair value, this property appears fairly priced, and future appreciation may be limited without substantial market shifts.
Moderate tenant turnover risk Given the tenant stability score of 60/100, there is a moderate risk of turnover, which can lead to increased vacancy rates and potential income volatility for the property.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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