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 157 m², energy rating D. Located on azinhaga da Patinha, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This villa includes an annex studio with a fully equipped kitchen and garage, adding versatility for guests or rental opportunities in a prime location.
The valuation. The asking price of €535,000 is above the fair value of €472,673, representing an overvaluation of €62,327 (13.2%). This suggests that potential buyers should approach with caution, as the property is overpriced.
Fair value modelled at €472,673 from 6 comparable sales in the area. Asking €535,000 sits €62,327 (13.2%) above — overpriced versus fair value.
Asking €535,000 versus the azinhaga da Patinha area baseline of €425,983 (€2,713/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 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 €425,983, adjusted for condition and micro-location, gives a modelled fair value of €472,673 (€3,011/m²), a €62,327 (13.2%) gap versus the €535,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| azinhaga da Patinha | Subject | €535,000 | €3,408 | — | 65 | 59 |
| Quelfes · 6fbc8e | Active | €570,000 | €2,591 | 24.0% | 70 | 59 |
| Pechão · 834248 | Active | €850,000 | €3,469 | 1.8% | — | 72 |
| Quelfes · 38b7b3 | Active | €510,000 | €3,750 | 10.0% | 70 | 70 |
| travessa Luís de Camões | Active | €289,000 | €2,890 | 15.2% | 62 | 72 |
| Median comp | €540,000 | €3,180 | 6.7% | 70 | 71 |
Long-term rental This property, with a gross yield of only 3%, is not well positioned for long-term rental investment given its 13.2% gap from fair value at €535,000. Additionally, the neighbourhood rating of 59/100 suggests limited demand and tenant quality, further reducing its attractiveness for stable rental income. Short-term vacation rental While the property is located near the Algarve, its inland position may hinder performance in the short-term vacation rental market, especially given the 3% gross yield. Furthermore, the condition score of 60/100 indicates that significant investment may be needed to attract seasonal renters in a competitive environment. Buy-and-hold Investing in this property as a buy-and-hold strategy is risky, primarily due to its overpriced listing at €535,000, which is 13.2% above fair value. The economic activity in the area, largely dependent on tourism, leads to seasonal fluctuations that could impact long-term capital appreciation.
Economic Vulnerability The property is at a heightened risk due to a low economic stability score of 50/100, indicating potential fluctuations in market demand that could impact rental income or 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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