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, 2-bathroom apartment of 82 m² on the 2nd floor, energy rating D. Located Quelfes parish, Olhão municipality, Faro district. This apartment features two spacious balconies and two storage rooms, offering potential for customization, such as converting one into a laundry room.
The valuation. The asking price of €270,000 sits €15,130 or 5.9% above the fair value of €254,870. While it reflects a close alignment, this property is ultimately priced at fair value.
Fair value modelled at €254,870 from 6 comparable sales in the area. Asking €270,000 sits €15,130 (5.9%) above — overpriced versus fair value.
Asking €270,000 versus the Quelfes, Olhão, Faro area baseline of €239,610 (€2,922/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €239,610, adjusted for condition and micro-location, gives a modelled fair value of €254,870 (€3,108/m²), a €15,130 (5.9%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 5d9fe1 | Subject | €270,000 | €3,293 | — | 52 | 76 |
| Olhão · 4bbcbf | Active | €270,000 | €3,103 | 5.7% | 60 | 64 |
| rua Almirante Reis | Active | €240,000 | €2,857 | 13.2% | 60 | 63 |
| rua João Coutinho Pais S / N | Active | €250,000 | €2,747 | 16.6% | 60 | 70 |
| Quelfes · 8751ee | Active | €425,000 | €3,632 | 10.3% | — | 68 |
| Median comp | €260,000 | €2,980 | 9.5% | 60 | 66 |
Short-term vacation rental This property, while positioned in a desirable area near Algarve beaches, presents a gross yield of 4.6%, which is relatively modest for a short-term rental investment. Given its fair valuation of €270,000, it may lack the profit margins necessary to attract high returns in this segment. Buy-and-hold With a fair value of €254,870 and a neighborhood rating of 76/100, this 2-bed apartment in Quelfes, Olhão, offers a stable option for those looking to invest in the long term. However, the 5.9% gap from fair value indicates that while it’s a prudent investment choice, the potential for considerable capital appreciation may be limited in the near term. Long-term rental The property’s gross yield of 4.6% aligns closely with market expectations for long-term rentals, which makes it a viable choice for sustained income. Although selling at a fair price, it may not produce exceptional cash flow compared to similar properties in more lucrative rental markets.
Potential Economic Downturn: The economic stability score of 70/100 indicates a moderate risk of downturns that could impact rental income and occupancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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