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, 5-bathroom house of 279 m², energy rating A. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The property includes a gazebo for outdoor dining and offers a spacious master suite with a private terrace showcasing panoramic views of the surrounding landscape.
The valuation. The asking price of €860,000 sits just below the fair value of €867,593, making it a fair purchase in the current market. This slight difference of €7,593 (0.9%) indicates reasonable pricing. Buy-to-flip angle. With a solid condition rating of 85/100 and high-end finishes, this property offers potential for a resale strategy targeting upscale buyers. After minor cosmetic updates, a quick flip can yield attractive returns. Buy-to-let angle. The estimated gross yield of 4.2% at approximately €3,010/month positions this property well for a rental income strategy. The appeal to tourists and expats in the Algarve further enhances its rental revenue potential.
Fair value modelled at €867,593 from 6 comparable sales in the area. Asking €860,000 sits €7,593 (0.9%) below — the upside to fair value.
Asking €860,000 versus the Quelfes, Olhão, Faro area baseline of €646,316 (€2,317/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €646,316, adjusted for condition and micro-location, gives a modelled fair value of €867,593 (€3,110/m²), a €7,593 (0.9%) gap versus the €860,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · a6d4b8 | Subject | €860,000 | €3,082 | — | 82 | 65 |
| Pechão · 6fbc88 | Active | €1,550,000 | €4,559 | 47.9% | 79 | 68 |
| urbanização Cerro Azul | Active | €860,000 | €3,413 | 10.7% | 82 | 70 |
| Quelfes · 4a44fa | Active | €980,000 | €2,192 | 28.9% | 80 | 71 |
| Quelfes · 5ed090 | Active | €649,000 | €2,715 | 11.9% | 78 | 61 |
| Median comp | €920,000 | €3,064 | 0.6% | 80 | 69 |
Short-term vacation rental The property demonstrates a competitive gross yield of 4.2%, making it a reasonable option for vacation rentals in the tourist-friendly Algarve region. However, the 0.9% gap to fair value suggests that while it's not a bargain, it stands as a fair investment given the growing demand for short-term accommodations. Buy-and-hold Given its position in a tourism-centric area with an 85/100 condition rating, this property is poised for steady long-term appreciation. The investment is reasonably priced at €860,000, indicating it’s a fair option for those looking to build equity over time without expecting substantial immediate gains. Family rental The 4-bed layout and satisfactory condition score make this home suitable for long-term family tenants, appealing to expats and retirees drawn to the region. While the property is not inherently undervalued, its fair valuation indicates potential for reliable rental income, albeit with limited prospects for significant rental growth. Not ideal for Student housing, Luxury market, Industrial.
Economic Vulnerability The property has a combined economic and tenant stability score of 125/200, suggesting a potential risk in attracting and retaining tenants during economic downturns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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