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 117 m² on the 3rd floor, built in 1995, energy rating D. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This top-floor apartment boasts unique panoramic views of Ria Formosa and is just a 2-minute stroll to the boarding pier for the Algarve's stunning islands.
The valuation. The asking price of €425,000 sits €83,374 above the fair value of €341,626, representing a 24.4% premium. This property is considered overpriced and may require significant justification for potential buyers.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 8751ee | Subject | €425,000 | €3,632 | — | — | 68 |
| estrada Projetada de Quelfes | Active | €325,000 | €2,851 | 21.5% | 70 | 70 |
| avenida Dom João VI, 167 | Active | €285,000 | €3,239 | 10.8% | 63 | 60 |
| Olhão · 4bbcbf | Active | €270,000 | €3,103 | 14.6% | 60 | 64 |
| rua João Coutinho Pais S / N | Active | €250,000 | €2,747 | 24.4% | 60 | 70 |
| Median comp | €277,500 | €2,977 | 18.0% | 62 | 67 |
Short-term vacation rental This property, listed at €425,000, is overpriced by 24.4% compared to its fair value of €341,626, diminishing its potential profitability. With a gross yield of just 2.3%, the financial returns on a vacation rental investment are unlikely to justify this cost. Buy-and-hold Given its current price, the buy-and-hold strategy appears less viable, as the property is priced significantly above its fair value. A 2.3% yield on initial investment does not compensate for the premium paid, making long-term capital appreciation questionable. Family rental As a family rental, this apartment is overpriced, which may limit its attractiveness to potential tenants looking for affordable housing options. The 2.3% yield and suboptimal condition score of 0/100 further signal challenges in achieving competitive rental pricing in the local market.
Economic Vulnerability The economic stability score of 55/100 indicates a significant risk due to potential economic downturns that may affect property values and rental income.
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