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 135 m². Located on rua Doutor Estevão de Vasconcelos, 20, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment includes high-quality sound and thermal insulation on all windows, enhancing comfort and energy efficiency, making it ideal for a peaceful living environment.
The valuation. The asking price of €375,000 is above fair value by €34,718 (10.2%), with a fair value of €340,282 suggesting the property is priced accurately rather than being a bargain or overpriced. Buy-to-flip angle. A buy-and-flip strategy could capitalize on short-term renovations aimed at modernizing the apartment, potentially increasing resale value significantly in a tourist-friendly market. Buy-to-let angle. With an estimated rental income of €1,094/month and a gross yield of 3.5%, the property presents a reasonable opportunity for steady cash flow through either short-term vacation rentals or family rentals.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Estevão de Vasconcelos, 20 | Subject | €375,000 | €2,778 | — | — | 63 |
| rua Almirante Reis | Active | €255,000 | €2,452 | 11.7% | 60 | 61 |
| rua António Henriques Cabrita em Olhão | Active | €309,000 | €2,687 | 3.3% | 72 | 69 |
| estrada de Quelfes | Active | €299,500 | €2,186 | 21.3% | 73 | 71 |
| rua Vasco da Gama | Active | €270,000 | €2,328 | 16.2% | 68 | 63 |
| Median comp | €284,750 | €2,390 | 14.0% | 70 | 66 |
Short-term vacation rental The property in Quelfes, Olhão is positioned in a location popular with tourists, which supports potential occupancy rates for short-term rentals. However, given the fair value of €340,282 and a listing price of €375,000, the property does not present a potent investment opportunity in this strategy due to its pricing relative to fair market expectations. Family rental As a three-bedroom apartment in a predominantly residential neighborhood, this property could appeal to families looking for long-term rentals, capitalizing on the area's community aspects. Nevertheless, the fair price of €340,282 compared to the listing price signals that the potential yields might not be compelling for family rentals at the current price. Buy-and-hold This property offers a reasonable gross yield of 3.5%, suggesting some income potential for a buy-and-hold strategy over the long term. However, the listing price of €375,000 exceeding the fair value of €340,282 indicates that the investment may not generate the desired returns effectively in the current market scenario.
Economic Vulnerability Given an economic stability score of 65/100 and a tenant stability score of 55/100, there is a risk that fluctuations in the local economy could lead to higher vacancy rates and potential rent defaults.
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