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.
1-bedroom, 2-bathroom house of 197 m², built in 1980, energy rating E. Located on rua António Henrique Cabrita, 26, Quelfes parish, Olhão municipality, Faro district. Outdoor space features a covered courtyard accessible from the kitchen, enhancing the indoor-outdoor flow and promoting entertaining opportunities, while solar panels on the roof contribute to energy efficiency.
The valuation. The asking price of €425,000 is significantly below the fair value of €606,662, indicating a discrepancy of €181,662 (29.9%). This property is clearly underpriced for its quality and potential.
Fair value modelled at €606,662 from 6 comparable sales in the area. Asking €425,000 sits €181,662 (29.9%) below — the upside to fair value.
Asking €425,000 versus the rua António Henrique Cabrita, 26 area baseline of €450,139 (€2,285/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 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 €450,139, adjusted for condition and micro-location, gives a modelled fair value of €606,662 (€3,080/m²), a €181,662 (29.9%) gap versus the €425,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua António Henrique Cabrita, 26 | Subject | €425,000 | €2,157 | — | 80 | 65 |
| via Alameda em Olhão | Active | €230,000 | €2,500 | 15.9% | 58 | 70 |
| Quelfes · 99f3f9 | Active | €500,000 | €2,101 | 2.6% | 70 | 63 |
| Olhão · fe6384 | Active | €370,000 | €5,692 | 163.9% | 78 | 66 |
| Olhão · 1f3589 | Active | €260,000 | €3,377 | 56.5% | 65 | 70 |
| Median comp | €315,000 | €2,939 | 36.2% | 68 | 68 |
Long-term rental The property in Quelfes presents an opportunity for long-term rental, given its advantageous price below fair value, which allows for a competitive edge in attracting tenants. With a neighbourhood score of 65/100 and an economic backdrop driven by tourism in Faro, steady demand for housing can be expected. Short-term vacation rental This 1-bed house in Quelfes is well-positioned for short-term vacation rentals due to its pricing advantage and the allure of the Algarve region’s tourism industry. The property’s condition rating of 83/100 suggests that it requires minimal investment before being market-ready for tourists seeking accommodation near Faro. Family rental Given its spacious layout and neighbourhood dynamics, this property stands a good chance for family rentals, especially with its compelling valuation relative to fair market rates. Local amenities and a predominance of services catering to families enhance its appeal in a growing market focused on stable living arrangements near coastal attractions.
Economic Vulnerability With an economic stability score of 60/100, there is a risk that changes in the local economy could adversely affect property values and rental income.
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