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, 0-bathroom apartment of 106 m², built in 1988. Located Quelfes parish, Olhão municipality, Faro district. This apartment features a pantry that provides additional storage space, and its ground-floor location offers easy accessibility for residents and guests alike.
The valuation. The asking price of €340,000 is significantly above the fair value of €292,827, indicating the property is overpriced by €47,173 (16.1%). This discrepancy suggests potential buyer caution. Buy-to-flip angle. A buy-and-flip strategy may not yield expected profits due to the high acquisition cost and dependence on market appreciation, making resale viability questionable. Buy-to-let angle. With a gross yield of 0%, the rental income strategy appears challenging in the current market, suggesting a need for careful consideration before investment.
Fair value modelled at €292,827 from 6 comparable sales in the area. Asking €340,000 sits €47,173 (16.1%) above — overpriced versus fair value.
Asking €340,000 versus the Quelfes, Olhão, Faro area baseline of €266,384 (€2,513/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 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 €266,384, adjusted for condition and micro-location, gives a modelled fair value of €292,827 (€2,763/m²), a €47,173 (16.1%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 83159a | Subject | €340,000 | €3,208 | — | 60 | 72 |
| rua Doutor Estevão de Vasconcelos, 20 | Active | €375,000 | €2,778 | 13.4% | — | 63 |
| Quelfes · 99f3a0 | Active | €269,000 | €2,989 | 6.8% | 50 | 63 |
| rua de Antero Nobre | Active | €259,000 | €2,815 | 12.2% | 65 | 60 |
| rua Almirante Reis | Active | €255,000 | €2,452 | 23.6% | 60 | 61 |
| Median comp | €264,000 | €2,797 | 12.8% | 60 | 62 |
Long-term rental The 4-bed apartment in Quelfes, Olhão is priced at €340,000, which is 16.1% above its fair value of €292,827. With a gross yield of 0% and a condition score of 58/100, this property does not present an attractive opportunity for long-term rental investments. Short-term vacation rental At a listing price of €340,000, this property is overpriced compared to its fair value, suggesting an insufficient return on investment for short-term vacation rental purposes. Additionally, the property’s average condition and the current yield of 0% further diminish its viability in a tourist-driven market. Buy-and-hold The apartment's listing at €340,000 is 16.1% above fair market value, indicating a lack of potential appreciation for a buy-and-hold strategy. Given its below-average condition score and the low yield, investors may struggle to realize significant returns over the long term.
Economic Vulnerability The economic stability score of 60/100 indicates potential exposure to economic downturns that could affect rental income and property value.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
