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, 1-bathroom apartment of 72 m² on the 1st floor, built in 1993, energy rating C. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment boasts a renovated kitchen equipped for modern living, and its location offers convenient access to local schools and essential services within a peaceful residential area.
The valuation. The asking price of €270,000 is above the calculated fair value of €256,394 by €13,606, representing a 5.3% premium. This indicates that the property is fairly priced relative to the market.
Fair value modelled at €256,394 from 6 comparable sales in the area. Asking €270,000 sits €13,606 (5.3%) above — overpriced versus fair value.
Asking €270,000 versus the Quelfes, Olhão, Faro area baseline of €222,014 (€3,084/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €222,014, adjusted for condition and micro-location, gives a modelled fair value of €256,394 (€3,561/m²), a €13,606 (5.3%) gap versus the €270,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 33bd35 | Subject | €270,000 | €3,750 | — | 70 | 63 |
| Quelfes · b7c217 | Active | €195,000 | €3,305 | 11.9% | 60 | 62 |
| Olhão · 1e601f | Active | €445,000 | €3,589 | 4.3% | 72 | 61 |
| Olhão · 99f2a2 | Active | €310,000 | €3,605 | 3.9% | 70 | 62 |
| Quelfes · 957083 | Active | €265,000 | €3,533 | 5.8% | 70 | 60 |
| Median comp | €287,500 | €3,561 | 5.0% | 70 | 62 |
Short-term vacation rental The property presents a fair investment opportunity for short-term vacation rentals, given its location in the Algarve tourist region, which attracts a steady influx of visitors. However, with a yield of 4.7% gross, it may not maximize potential returns when compared to higher-yielding alternatives in the area. Long-term rental With a fair valuation at €270,000 and a gross yield of 4.7%, this property is a suitable option for long-term rental, though the limited access to schools may hinder tenant attraction, particularly for families. The average neighborhood rating of 63/100 suggests a medium-quality living environment that will appeal to certain renters. Buy-and-hold As a buy-and-hold investment, this property aligns closely with fair market value, making it less favorable for immediate capital appreciation given the 5.3% gap versus fair value. While it could provide steady income through its rental potential, investors should be cautious about the area's primarily tourism-driven economic impact. Not ideal for: Student housing, Luxury market, Industrial investment This property is not suitable for student housing due to its limited access to educational institutions in the rural tourist area. Furthermore, it fails to meet the criteria for luxury market investments and is also unsuitable for industrial purposes, given the focus on residential living and tourism in the region.
Economic Vulnerability The economic stability score of 60 indicates a potential risk of fluctuations in market conditions that could adversely affect investment returns. Tenant Instability With a tenant stability score of 65, there is a moderate risk of tenant turnover, which may lead to increased vacancy and associated lost rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
