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 131 m² on the 2nd floor, energy rating C. Located on estrada de Quelfes, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment includes a covered rear balcony that enhances storage options and a remodeled kitchen designed for culinary enthusiasts, blending high-quality materials with superior functionality.
The valuation. The asking price of €378,000 is €32,406 (9.4%) above the fair value of €345,594, indicating that it is fairly priced in the current market. This investment aligns closely with assessed property values in the region.
Fair value modelled at €345,594 from 6 comparable sales in the area. Asking €378,000 sits €32,406 (9.4%) above — overpriced versus fair value.
Asking €378,000 versus the estrada de Quelfes area baseline of €256,096 (€1,955/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €256,096, adjusted for condition and micro-location, gives a modelled fair value of €345,594 (€2,638/m²), a €32,406 (9.4%) gap versus the €378,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada de Quelfes | Subject | €378,000 | €2,885 | — | 73 | 64 |
| rua do Caminho de Ferro, 44 | Active | €360,000 | €3,051 | 5.7% | 74 | 57 |
| estrada de Quelfes | Active | €299,500 | €2,186 | 24.2% | 73 | 71 |
| Quelfes · 49b7b7 | Active | €290,000 | €2,589 | 10.3% | 74 | 60 |
| Quelfes · ade67a | Active | €315,000 | €2,692 | 6.7% | 78 | 64 |
| Median comp | €307,250 | €2,641 | 8.5% | 74 | 62 |
Short-term vacation rental The property offers a desirable location in the Algarve, attracting tourists; however, the yield of 3.3% indicates it may not be the best investment for maximizing cash flow. Given the fair valuation at €378,000, the potential returns may not justify this price point amidst seasonal variations in demand. Buy-and-hold Investing in this property for the long term may provide some stability, aligning with the fair valuation at €378,000; however, the 3.3% yield suggests modest future appreciation potential. With the condition rated at 78/100, any future maintenance costs could also impact overall returns. Family rental The property could serve well as a family rental option, but its valuation at €378,000 implies it is priced at a fair market level, which may limit immediate cash flow benefits. Its moderate neighborhood rating of 64/100 suggests average demand, leading to potential challenges in tenant retention and rental growth.
Economic Vulnerability Risk The property faces a risk of decreased occupancy as both the economic stability score (55/100) and tenant stability score (60/100) indicate potential weakness in attracting and retaining tenants.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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