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, 1-bathroom apartment of 294 m², built in 1997. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The property's expansive garage area offers significant flexibility for diverse usage, from logistics to storage, in a strategically accessible location conducive to business operations. Versatilidade e Alta Potencialidade: A ampla área da garagem da propriedade oferece flexibilidade significativa para diversas utilizações, desde logística até armazenamento, numa localização estrategicamente acessível e propícia para operações comerciais.
The valuation. The asking price of €370,000 is significantly below the fair value of €633,160, indicating that this property is underpriced by €263,160 (41.6%). This presents a compelling opportunity for potential buyers.
Fair value modelled at €633,160 from 6 comparable sales in the area. Asking €370,000 sits €263,160 (41.6%) below — the upside to fair value.
Asking €370,000 versus the Quelfes, Olhão, Faro area baseline of €727,078 (€2,473/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 32/100 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 €727,078, adjusted for condition and micro-location, gives a modelled fair value of €633,160 (€2,154/m²), a €263,160 (41.6%) gap versus the €370,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 6270a4 | Subject | €370,000 | €1,259 | — | 30 | 62 |
| avenida dos Bombeiros Municipais de Olhão | Active | €249,000 | €2,075 | 64.9% | 30 | 62 |
| rua Proj. À Estr. de Quelfes, 4 | Active | €210,000 | €2,530 | 101.0% | 45 | 70 |
| Quelfes · e40ab4 | Active | €230,000 | €958 | 23.9% | — | 66 |
| rua do Caminho de Ferro, 8 | Active | €290,000 | €2,816 | 123.7% | 65 | 68 |
| Median comp | €239,500 | €2,303 | 83.0% | 45 | 67 |
Short-term vacation rental The property in Quelfes, Olhão, presents an attractive opportunity for short-term vacation rental, given its appealing price of €370,000 compared to a fair market value of €633,160, creating a substantial potential return. Despite current conditions and a local rental yield of 0%, the tourism potential in Algarve suggests significant upside in rental demand. Buy-and-hold Acquiring this 3-bed apartment allows for long-term appreciation, especially as the listing price is notably lower than the fair market value, indicating potential for capital gains over time. The respectable neighborhood score of 62/100 ensures a solid foundation for sustained tenant interest in the future. Value-add renovation This property’s condition rating of 32/100 indicates that significant renovations could substantially increase its value, capitalizing on the current pricing below market value. Investing in upgrades could elevate both the property’s condition and rental potential, transforming it into a sought-after asset in the thriving Algarve market.
Economic Vulnerability With an economic stability score of 55/100, there is a significant risk of fluctuating market conditions negatively impacting property value and rental income.
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
