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 apartment of 107 m², built in 1988. Located Quelfes parish, Olhão municipality, Faro district. The apartment features a well-appointed kitchen and entry area, showcasing high-quality materials that enhance its overall appeal despite some dated elements.
The valuation. The asking price of €340,000 is significantly above the fair value of €287,138, representing a difference of €52,862, or 18.4%. This indicates that the property is overpriced given its current market conditions.
Fair value modelled at €287,138 from 6 comparable sales in the area. Asking €340,000 sits €52,862 (18.4%) above — overpriced versus fair value.
Asking €340,000 versus the Quelfes, Olhão, Faro area baseline of €227,779 (€2,129/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €227,779, adjusted for condition and micro-location, gives a modelled fair value of €287,138 (€2,684/m²), a €52,862 (18.4%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 831526 | Subject | €340,000 | €3,178 | — | 75 | 63 |
| estrada de Quelfes | Active | €299,500 | €2,186 | 31.2% | 73 | 71 |
| estrada de Quelfes | Active | €378,000 | €2,885 | 9.2% | 73 | 64 |
| rua do Caminho de Ferro, 44 | Active | €360,000 | €3,051 | 4.0% | 74 | 57 |
| rua Doutor Estevão de Vasconcelos, 20 | Active | €375,000 | €2,778 | 12.6% | — | 63 |
| Median comp | €367,500 | €2,832 | 10.9% | 73 | 64 |
Short-term vacation rental The property’s pricing at €340,000, significantly above the fair value of €287,138, makes it an overpriced investment, especially considering its 0% gross yield. With a neighborhood rating of 63/100 and the condition score of 72/100, the competitive edge for short-term rentals is limited in this market. Buy-and-hold This apartment, priced at €340,000, presents an unattractive buy-and-hold proposition as it exceeds the fair value of €287,138 by 18.4%. A 0% gross yield coupled with average neighborhood ratings suggests the potential for appreciation is not sufficient to justify the current price. Value-add renovation With the property listed at €340,000 and a fair value of €287,138, any potential investments in value-add renovations may not be justifiable given the current overpricing. A renovation might improve its attractiveness, but the existing condition rating of 72/100 limits immediate upside in a competitive tourist-heavy market.
Economic Vulnerability The property has an economic stability score of 55, indicating potential susceptibility to market fluctuations that may adversely affect rental income and occupancy rates.
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