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 apartment of 85 m² on the 3rd floor, built in 1977, energy rating E. Located Quelfes parish, Olhão municipality, Faro district. Highlight: The apartment features a covered terrace with stunning panoramic views, perfect for relaxation or entertaining while enjoying the sun-drenched Olhão landscape.
The valuation. The asking price of €259,000 exceeds the fair value of €215,235 by €43,765, representing a 20.3% premium. This indicates the property is overpriced in the current market context.
Fair value modelled at €215,235 from 6 comparable sales in the area. Asking €259,000 sits €43,765 (20.3%) above — overpriced versus fair value.
Asking €259,000 versus the Quelfes, Olhão, Faro area baseline of €149,588 (€1,760/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €149,588, adjusted for condition and micro-location, gives a modelled fair value of €215,235 (€2,532/m²), a €43,765 (20.3%) gap versus the €259,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 800355 | Subject | €259,000 | €3,047 | — | 78 | 62 |
| rua Doutor Alberto Iria, 2 | Active | €282,000 | €4,029 | 32.2% | 85 | 70 |
| avenida da República S / N | Active | €259,000 | €2,564 | 15.8% | 72 | 71 |
| Quelfes · 001a0c | Active | €340,000 | €2,500 | 18.0% | 73 | 71 |
| rua José Agostinho de Macedo, 8 | Active | €244,500 | €2,397 | 21.3% | 72 | 61 |
| Median comp | €270,500 | €2,532 | 16.9% | 73 | 71 |
Long-term rental The 1-bed apartment in Quelfes is overpriced at €259,000, which represents a 20.3% gap from its fair value of €215,235. With a gross yield of 3.8% and a neighbourhood score of 62/100, this investment lacks the potential for strong returns compared to its cost. Short-term vacation rental Given its location in the Algarve, the apartment may attract tourists, yet the current listing price of €259,000 is 20.3% above its fair value of €215,235. Despite high tourist activity, the gross yield of 3.8% suggests that the property is not well-positioned to deliver attractive returns in the short-term rental market. Not ideal for student housing This property is not suitable for student housing, as the estimated average school access based on the rural tourist region does not support high demand. At a valuation of €259,000, it stands overpriced relative to its fair value of €215,235. Not ideal for luxury market The apartment's condition score of 82/100 does not align with the expectations of the luxury market, and its overpricing at €259,000 indicates that it is unlikely to attract affluent buyers. With its proximity to local amenities and a neighbourhood rating of 62/100, the property is not positioned for success in the luxury segment.
Economic Vulnerability A low economic stability score of 55/100 suggests a heightened risk of fluctuating market conditions affecting 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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