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 house of 136 m², built in 1999, energy rating D. Located Quelfes parish, Olhão municipality, Faro district. This property features a spacious outdoor area with a terrace, perfect for social gatherings, and it includes a dedicated garage, enhancing convenience for family living.
The valuation. The asking price of €510,000 is slightly above the fair value of €491,330, resulting in a premium of €18,670 (3.8%). Overall, the property is considered to be at fair value.
Fair value modelled at €491,330 from 6 comparable sales in the area. Asking €510,000 sits €18,670 (3.8%) above — overpriced versus fair value.
Asking €510,000 versus the Quelfes, Olhão, Faro area baseline of €438,467 (€3,224/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €438,467, adjusted for condition and micro-location, gives a modelled fair value of €491,330 (€3,613/m²), a €18,670 (3.8%) gap versus the €510,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 38b7b3 | Subject | €510,000 | €3,750 | — | 70 | 70 |
| Quelfes · 6fbc8e | Active | €570,000 | €2,591 | 30.9% | 70 | 59 |
| rua de José Lopes de Sousa, 11 | Active | €400,000 | €4,124 | 10.0% | 75 | 60 |
| Olhão · 1e6029 | Active | €400,000 | €4,124 | 10.0% | 76 | 70 |
| Quelfes · 7355b0 | Active | €500,000 | €3,049 | 18.7% | 73 | 59 |
| Median comp | €450,000 | €3,587 | 4.4% | 74 | 60 |
Short-term vacation rental The property in Quelfes presents a fair opportunity for short-term vacation rentals, especially given its location within the tourism-driven Algarve region. The gross yield of 4% aligns with market expectations, although the slight 3.8% gap from the fair value suggests a standardized pricing strategy. Long-term rental With a gross yield of 4% and a reasonably favorable condition score of 74/100, this 3-bed house could serve well as a long-term rental property, benefiting from the steady housing demand in the area. However, the fair valuation indicates that potential returns may be more aligned with market averages than exceptional gains. Buy-and-hold Investors considering a buy-and-hold approach may find this property suitable due to its fair value and the support of a positive local economy linked to tourism. The moderate condition and neighborhood score suggest continued rental demand, but the investment does not reflect a significant potential for below-market pricing appreciation.
Economic and Tenant Stability Risk: With both economic and tenant stability scores at 65/100, there is a moderate risk of disruptions in rental income due to potential economic fluctuations or tenant turnover.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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