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.
1-bedroom, 1-bathroom house of 55 m². Located Quelfes parish, Olhão municipality, Faro district. Rooftop with annex offers an ideal space for potential expansion, providing an excellent opportunity for maximizing the property’s value while enjoying views over the city.
The valuation. The asking price of €180,000 is slightly above the fair value of €172,631, representing a premium of €7,369, or 4.3%. This aligns with the verdict of fair, indicating a balanced valuation relative to the market.
Fair value modelled at €172,631 from 6 comparable sales in the area. Asking €180,000 sits €7,369 (4.3%) above — overpriced versus fair value.
Asking €180,000 versus the Quelfes, Olhão, Faro area baseline of €181,690 (€3,303/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 35/100 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 €181,690, adjusted for condition and micro-location, gives a modelled fair value of €172,631 (€3,139/m²), a €7,369 (4.3%) gap versus the €180,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 374ff2 | Subject | €180,000 | €3,273 | — | 30 | 65 |
| Quelfes · 3a7342 | Active | €210,000 | €2,059 | 37.1% | — | 63 |
| travessa Doutor Paula Nogueira S / N | Active | €199,000 | €3,491 | 6.7% | 40 | 62 |
| azinhaga da Patinha | Active | €259,900 | €3,938 | 20.3% | 20 | 65 |
| Olhão · 82c6a1 | Active | €700,000 | €1,961 | 40.1% | — | 65 |
| Median comp | €234,950 | €2,775 | 15.2% | 30 | 64 |
Short-term vacation rental The property in Quelfes, Olhão is positioned within a tourist-influenced rural Algarve area that can attract short-term vacationers. However, with a fair value gap of 4.3%, the price appears reasonable, suggesting stability in potential rental income. Long-term rental With a gross yield of 6.1%, this property could provide decent returns in a long-term rental scenario, capitalizing on the local tourism-driven economy. The condition score of 35/100 may require investment in refurbishments, but the fair price means these costs are manageable in terms of overall investment. Buy-and-hold Investing in this property could contribute to a long-term portfolio, particularly due to the stability offered by a 6.1% gross yield in a tourism area. While the property is fairly valued, the limited economic diversity in the region must be considered in future market assessments.
Economic Volatility Risk The property has a low economic stability score of 55, indicating potential fluctuations in market demand 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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