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.
2-bedroom, 2-bathroom apartment of 107 m² on the 1st floor, built in 1995. Located on rua Francisco Menezes, 6, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment boasts multiple outdoor spaces, including a private terrace for tranquil dining and a large communal terrace with panoramic views over Ria Formosa, enhancing its appeal.
The valuation. The asking price of €380,000 sits slightly below the fair value of €389,091, indicating a difference of €9,091 (2.3%). This property is therefore deemed fairly priced, making it an appealing option for potential buyers.
Fair value modelled at €389,091 from 6 comparable sales in the area. Asking €380,000 sits €9,091 (2.3%) below — the upside to fair value.
Asking €380,000 versus the rua Francisco Menezes, 6 area baseline of €340,128 (€3,179/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €340,128, adjusted for condition and micro-location, gives a modelled fair value of €389,091 (€3,636/m²), a €9,091 (2.3%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Francisco Menezes, 6 | Subject | €380,000 | €3,551 | — | 75 | 67 |
| rua João da Rosa, 6A | Active | €260,000 | €3,939 | 10.9% | 70 | 62 |
| Quelfes · 99f3ab | Active | €310,000 | €3,333 | 6.1% | 80 | 68 |
| Quelfes · 99f4fa | Active | €359,000 | €3,205 | 9.7% | 70 | 58 |
| avenida da República, 37 | Active | €490,000 | €4,375 | 23.2% | 75 | 67 |
| Median comp | €334,500 | €3,636 | 2.4% | 73 | 65 |
Short-term vacation rental The property is poised for short-term vacation rental opportunities given the area's tourism-driven demand; however, the gross yield of 2% suggests limited cash flow potential. As it stands, the market performance reflects a fair valuation, making this a less compelling option for aggressive rental strategies. Buy-and-hold Holding this property long-term could align with the local economic dynamics, although the 2.3% gap from fair value indicates limited upside potential. Given the fair valuation and moderate condition score of 75/100, this investment may not deliver substantial appreciation in the near future. Long-term rental Investing in long-term rental could offer stable returns given the area's seasonal employment, yet the gross yield of 2% signals potential challenges in generating significant income. The market positioning at fair value suggests that the property may not be the best choice for maximizing long-term rental gains in the competitive Quelfes landscape.
Weak Economic Growth The property is at risk due to a low economic stability score of 55 out of 100, indicating potential vulnerabilities in market conditions that could affect rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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