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.
2-bedroom, 0-bathroom apartment of 94 m². Located Quelfes parish, Olhão municipality, Faro district. Location Located just a 5-minute drive to the harbour, the apartment offers convenient access to boat connections for day trips to Armona and Culatra islands. Parking Includes public parking throughout the area, enhancing accessibility for residents and visitors.
The valuation. The asking price of €295,000 exceeds the fair value of €258,086 by €36,914, or 14.3%. This indicates that the property is overpriced and may present challenges for future appreciation.
Fair value modelled at €258,086 from 6 comparable sales in the area. Asking €295,000 sits €36,914 (14.3%) above — overpriced versus fair value.
Asking €295,000 versus the Quelfes, Olhão, Faro area baseline of €202,887 (€2,158/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €202,887, adjusted for condition and micro-location, gives a modelled fair value of €258,086 (€2,746/m²), a €36,914 (14.3%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 38b494 | Subject | €295,000 | €3,138 | — | 72 | 67 |
| Quelfes · 957083 | Active | €265,000 | €3,533 | 12.6% | 70 | 60 |
| avenida da República S / N | Active | €259,000 | €2,564 | 18.3% | 72 | 71 |
| rua Pedro Ninil | Active | €330,000 | €2,444 | 22.1% | 75 | 68 |
| Quelfes · 190899 | Active | €240,000 | €2,927 | 6.7% | 75 | 70 |
| Median comp | €262,000 | €2,746 | 12.5% | 74 | 69 |
Long-term rental The property is overpriced by 14.3%, making it a less attractive option for long-term rental investments given its gross yield of 4.9%. Additionally, the average condition score of 75/100 and neighborhood score of 67/100 suggest potential challenges in attracting reliable tenants. Short-term vacation rental With a fair value of €258,086, the listing price of €295,000 indicates that this property is overpriced, limiting profitability in the short-term vacation rental market. Furthermore, the influence of seasonal tourism in the area raises concerns about consistent occupancy rates and competitive pricing. Buy-and-hold Although buy-and-hold strategies typically benefit from long-term appreciation, this property is overpriced relative to its fair value, leaving little room for future capital gains. Given the current economic context and moderate neighborhood ratings, the long-term potential of this investment appears constrained, further calling its desirability into question.
Economic Vulnerability A score of 60 for economic stability indicates potential fluctuations in the local economy, which could impact rental demand and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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