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.
4-bedroom, 2-bathroom house of 190 m², built in 1986, energy rating D. Located on azinhaga da Patinha, Quelfes parish, Olhão municipality, Faro district. This property features a well-maintained structure with no settling or cracks, showcasing quality craftsmanship from its 1986 construction, along with generous natural light in all four spacious bedrooms.
The valuation. The asking price of €570,000 sits slightly below the fair value of €585,774, representing a mere 2.7% difference. Verdict: fair.
Fair value modelled at €585,774 from 6 comparable sales in the area. Asking €570,000 sits €15,774 (2.7%) below — the upside to fair value.
Asking €570,000 versus the azinhaga da Patinha area baseline of €455,965 (€2,400/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 €455,965, adjusted for condition and micro-location, gives a modelled fair value of €585,774 (€3,083/m²), a €15,774 (2.7%) gap versus the €570,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| azinhaga da Patinha | Subject | €570,000 | €3,000 | — | 73 | 73 |
| Quelfes · 99f3f9 | Active | €500,000 | €2,101 | 30.0% | 70 | 63 |
| Quelfes · 6f404b | Active | €690,000 | €3,575 | 19.2% | 80 | 56 |
| rua das Lavadeiras | Active | €410,000 | €4,184 | 39.5% | 73 | 73 |
| rua das Lavadeiras | Active | €470,000 | €4,796 | 59.9% | 76 | 59 |
| Median comp | €485,000 | €3,880 | 29.3% | 75 | 61 |
Short-term vacation rental The property in Quelfes shows a fair potential for short-term vacation rental, supported by its proximity to Algarve's tourism hotspots. With a gross yield of 3.9% and the neighborhood scoring 73/100, it can attract a steady stream of tourists looking for accommodations. Long-term rental While the property features a solid gross yield of 3.9% in a neighborhood rated at 73/100, its fair valuation suggests it may not be the prime choice for long-term rental investment. The condition rating of 78/100 implies maintenance is manageable, but prospective landlords should weigh the slight gap to fair value. Buy-and-hold Investing in this property as a buy-and-hold strategy could prove stable, given the fair value assessment and favorable neighborhood characteristics. However, the 3.9% gross yield and slight valuation gap suggest investors should take a cautious approach in anticipating appreciation over the long term.
Economic Vulnerability A score of 65 in economic stability indicates potential susceptibility to economic fluctuations that could affect investment returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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