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 86 m², energy rating F. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment includes a practical pantry/laundry room that enhances organization and functionality, and is situated on the top floor, offering excellent sun exposure and privacy.
The valuation. The asking price of €270,000 stands at €50,724 (23.1%) above the fair value of €219,276. This property is considered overpriced based on the current market analysis.
Fair value modelled at €219,276 from 6 comparable sales in the area. Asking €270,000 sits €50,724 (23.1%) above — overpriced versus fair value.
Asking €270,000 versus the Quelfes, Olhão, Faro area baseline of €173,700 (€2,020/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 €173,700, adjusted for condition and micro-location, gives a modelled fair value of €219,276 (€2,550/m²), a €50,724 (23.1%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 622722 | Subject | €270,000 | €3,140 | — | 75 | 64 |
| rua José Agostinho de Macedo, 8 | Active | €244,500 | €2,397 | 23.6% | 72 | 61 |
| Quelfes · 96c438 | Active | €289,000 | €2,535 | 19.3% | 70 | 62 |
| Quelfes · 8ee657 | Active | €285,000 | €3,701 | 17.9% | 70 | 70 |
| Quelfes · 23f3bd | Active | €285,000 | €3,701 | 17.9% | 75 | 75 |
| Median comp | €285,000 | €3,118 | 0.7% | 71 | 66 |
Short-term vacation rental The property is priced at €270,000, which is 23.1% above its fair value of €219,276, indicating that it is overpriced for the short-term vacation rental market. Given the Algarve's strong tourist demand, the gross yield of 4.7% suggests limited room for price appreciation, further reinforcing the conclusion that this investment does not align with expected returns. Family rental While the apartment's condition and location provide some potential for family rentals, the price of €270,000, which exceeds its fair value by 23.1%, renders it overpriced for this strategy. With the neighborhood rating at 64/100, the risk of lower tenant demand may not justify the current asking price. Buy-and-hold The listing price of €270,000 reflects a significant premium over the fair value of €219,276, marking this property as overpriced for a buy-and-hold investment strategy. The anticipated yield of 4.7% does not compensate for the elevated entry cost, creating a challenging scenario for long-term capital appreciation.
Economic Vulnerability The economic stability score of 55 indicates a heightened risk of financial instability which may affect property values and rental income.
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