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, 1-bathroom house of 60 m², energy rating D. Located on estrada de Quelfes, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The property includes two terraces, enhancing outdoor living options, and features modern finishes that seamlessly combine functionality with aesthetics.
The valuation. The asking price of €320,000 sits significantly above the fair value of €261,711, resulting in a premium of €58,289 (22.3%). This property is deemed overpriced given its current market valuation.
Fair value modelled at €261,711 from 6 comparable sales in the area. Asking €320,000 sits €58,289 (22.3%) above — overpriced versus fair value.
Asking €320,000 versus the estrada de Quelfes area baseline of €222,560 (€3,709/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €222,560, adjusted for condition and micro-location, gives a modelled fair value of €261,711 (€4,362/m²), a €58,289 (22.3%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada de Quelfes | Subject | €320,000 | €5,333 | — | 72 | 63 |
| Olhão · 6ebb49 | Active | €690,000 | €4,600 | 13.7% | 71 | 63 |
| Olhão · f46d43 | Active | €580,000 | €7,073 | 32.6% | 74 | 62 |
| rua de José Lopes de Sousa, 11 | Active | €400,000 | €4,124 | 22.7% | 75 | 60 |
| Olhão · cfddf5 | Active | €580,000 | €7,073 | 32.6% | 75 | 68 |
| Median comp | €580,000 | €5,837 | 9.4% | 75 | 63 |
Long-term rental This property is overpriced by 22.3% relative to its fair value of €261,711, making it a less attractive option for long-term rental investment. With a gross yield of 0% and a neighbourhood rating of only 63/100, the potential for consistent rental income is severely limited. Short-term vacation rental Given its 22.3% price premium over fair value, this property is not positioned well for short-term vacation rental strategies. The neighbourhood's average rating of 63/100 suggests that tourist demand may not justify the high listing price. Buy-and-hold Investing in this property as a buy-and-hold strategy is unfavorable due to its 22.3% overvaluation, which risks stagnation in capital appreciation. Additionally, its low gross yield of 0% indicates that holding this property may not yield any returns in the near term, further diminishing its appeal. Not ideal for: Student housing, Luxury market
Moderate Economic and Tenant Risk The property faces a moderate risk due to both economic and tenant stability scores being at 60 out of 100, indicating potential vulnerabilities in rental income and ongoing occupancy.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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