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 260 m², built in 1960, energy rating D. Located Quelfes parish, Olhão municipality, Faro district. This property features a commercial space with separate entrance, ideal for potential independent rental income, and boasts exquisite original details, including vaulted ceilings and Venetian stucco walls.
The valuation. The asking price of €735,000 is slightly below the fair value of €751,710, resulting in a difference of €16,710 (2.2%). This indicates that the property is fairly valued in the current market. Buy-to-flip angle. The strategy for resale would focus on enhancing the house's overall condition, emphasizing modernizing outdated fixtures and rebranding it with a contemporary aesthetic to attract potential buyers. Buy-to-let angle. With an estimated gross yield of 5%, generating around €3,062 per month can be achieved through long-term rental or short-term vacation rentals, capitalizing on the Algarve's tourism appeal.
Fair value modelled at €751,710 from 6 comparable sales in the area. Asking €735,000 sits €16,710 (2.2%) below — the upside to fair value.
Asking €735,000 versus the Quelfes, Olhão, Faro area baseline of €686,077 (€2,639/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 59/100 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 €686,077, adjusted for condition and micro-location, gives a modelled fair value of €751,710 (€2,891/m²), a €16,710 (2.2%) gap versus the €735,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · efdc5e | Subject | €735,000 | €2,827 | — | 60 | 59 |
| Quelfes · 65309f | Active | €537,000 | €2,782 | 1.6% | 58 | 65 |
| azinhaga da Patinha | Active | €570,000 | €3,000 | 6.1% | 73 | 73 |
| Moncarapacho e Fuseta · 2620a5 | Active | €360,000 | €3,103 | 9.8% | 66 | 64 |
| Quelfes · f46a45 | Active | €291,000 | €2,645 | 6.4% | 60 | 61 |
| Median comp | €448,500 | €2,891 | 2.3% | 63 | 65 |
Short-term vacation rental While the property’s yield of 5% gross aligns well with the vacation rental market in the Algarve, the fair value of €751,710 indicates that this listing is fairly priced rather than a value investment. The limited public transport in Quelfes may also impact the appeal for some potential vacation renters seeking mobility. Long-term rental At a fair value of €751,710, the property remains an adequate option for long-term leasing given its respectable yield of 5% gross, suggesting steady income potential over time. However, the average neighbourhood rating of 59/100 may limit the demand for higher-paying tenants looking for premium living conditions. Buy-and-hold Investing in this property as a long-term hold could yield positive cash flow due to its 5% gross yield, positioning it as a reliable asset over the years. Nevertheless, with an assessed fair value of €751,710 and market conditions pointing towards stability rather than growth, the investment may not deliver significant appreciation in value in the near future.
Tenant turnover risk The tenant stability score of 60/100 indicates a moderate risk of tenant turnover, which could lead to increased vacancies and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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