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, 2-bathroom apartment of 121 m² on the 5th floor, built in 1985, energy rating D. Located on avenida Dom João VI, Quelfes parish, Olhão municipality, Faro district. This apartment features two balconies with ample natural light and convenient mosquito nets, enhancing outdoor space while maintaining comfort indoors.
The valuation. The asking price of €290,000 is €35,445 below the fair value of €325,445, positioning this property as confidently underpriced by 10.9%. This discrepancy presents a compelling opportunity for investment.
Fair value modelled at €325,445 from 6 comparable sales in the area. Asking €290,000 sits €35,445 (10.9%) below — the upside to fair value.
Asking €290,000 versus the avenida Dom João VI area baseline of €273,146 (€2,257/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €273,146, adjusted for condition and micro-location, gives a modelled fair value of €325,445 (€2,690/m²), a €35,445 (10.9%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Dom João VI | Subject | €290,000 | €2,397 | — | 65 | 62 |
| rua do Caminho de Ferro, 8 | Active | €290,000 | €2,816 | 17.5% | 65 | 68 |
| avenida Doutor Bernardino da Silva | Active | €315,000 | €2,692 | 12.3% | 76 | 65 |
| avenida Doutor Bernardino da Silva | Active | €315,000 | €2,692 | 12.3% | 80 | 70 |
| rua Vasco da Gama | Active | €270,000 | €2,328 | 2.9% | 68 | 63 |
| Median comp | €302,500 | €2,692 | 12.3% | 72 | 67 |
Long-term rental The 3-bed apartment in Quelfes, Olhão presents an attractive opportunity for long-term rental, given its 5.4% gross yield and a purchase price of €290,000, which is 10.9% below fair value. The property's decent condition rating of 68/100 coupled with the neighborhood's acceptable score of 62/100 suggests a reliable investment in a stable rental market. Short-term vacation rental With the ongoing demand for tourist accommodation in the Algarve, the Quelfes apartment offers a compelling option for short-term vacation rental, especially at a price that remains underpriced relative to its fair value. Its size and location support potential for high occupancy rates, which could enhance income generation in this growing segment. Family rental The spacious layout of the 3-bed apartment makes it well-suited for family rental, providing room and comfort for tenants seeking long-term housing in a tranquil area. The favorable price point, being underpriced by 10.9% compared to its fair value, enhances the appeal for families looking for quality living in the Algarve region.
Economic and Tenant Risk The property faces a risk due to the combined economic stability score of 60/100 and tenant stability score of 60/100, indicating potential challenges in maintaining income and occupancy levels.
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
