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 house of 297 m², energy rating F. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The property boasts a rooftop terrace that expands outdoor living options, alongside a sizable yard with considerable potential for various leisure transformations. Local Amenities: Located near Olhão, offering easy access to shops and the waterfront.
The valuation. The asking price of €318,000 is significantly below its fair value of €815,481, reflecting a discount of €497,481 (61.0%). This positions the property as a strong investment opportunity for potential buyers.
Fair value modelled at €815,481 from 6 comparable sales in the area. Asking €318,000 sits €497,481 (61.0%) below — the upside to fair value.
Asking €318,000 versus the Quelfes, Olhão, Faro area baseline of €679,542 (€2,288/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 €679,542, adjusted for condition and micro-location, gives a modelled fair value of €815,481 (€2,746/m²), a €497,481 (61.0%) gap versus the €318,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 7caa5b | Subject | €318,000 | €1,071 | — | 70 | 64 |
| Pechão · f14cde | Active | €320,000 | €1,939 | 81.1% | 60 | 66 |
| rua António Henrique Cabrita, 26 | Active | €425,000 | €2,157 | 101.5% | 80 | 65 |
| via Alameda em Olhão | Active | €230,000 | €2,500 | 133.5% | 58 | 70 |
| rua Henrique Pousão, 3 | Active | €350,000 | €2,991 | 179.4% | 62 | 62 |
| Median comp | €335,000 | €2,329 | 117.5% | 61 | 66 |
Short-term vacation rental This property is strategically positioned in the touristic Algarve, creating a potential for strong short-term vacation rental income despite its current 0% gross yield. Given the fair value of €815,481, purchasing at €318,000 presents a substantial opportunity with a 61.0% gap and limited competition from other rental properties in the area. Buy-and-hold Investing in this home allows for capital appreciation over time due to the attractive location and overall market conditions in Olhão, despite its needs for maintenance reflected in the 68/100 condition rating. With a significant difference between purchase price and fair value, the long-term benefits appear promising for an investor looking to benefit from future price increases. Family rental Although the property features a suitable size for families, the neighborhood’s moderate 64/100 rating reflects some limitations in amenities and school options, making it less desirable for long-term family rentals. Despite its fair value gap indicating a buying opportunity, potential landlords should consider these challenges before committing to a purchase as a family rental investment.
Tenant turnover risk High tenant turnover may occur due to the moderate tenant stability score of 65/100, impacting rental income continuity and increasing vacancy rates.
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