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.
3-bedroom, 2-bathroom apartment of 118 m² on the 1st floor, energy rating D. Located on estrada de Quelfes, 17, Quelfes parish, Olhão municipality, Faro district. This property features a sunroom that offers additional natural light and a view of the garden, enhancing its appeal despite the need for upgrades.
The valuation. The asking price of €250,000 sits below the fair value of €307,616, indicating a difference of €57,616 (18.7%). This property can be classified as subvalued based on current market conditions.
Fair value modelled at €307,616 from 6 comparable sales in the area. Asking €250,000 sits €57,616 (18.7%) below — the upside to fair value.
Asking €250,000 versus the estrada de Quelfes, 17 area baseline of €282,820 (€2,397/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €282,820, adjusted for condition and micro-location, gives a modelled fair value of €307,616 (€2,607/m²), a €57,616 (18.7%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada de Quelfes, 17 | Subject | €250,000 | €2,119 | — | 54 | 62 |
| rua do Caminho de Ferro, 8 | Active | €290,000 | €2,816 | 32.9% | 65 | 68 |
| Olhão · f14b98 | Active | €293,000 | €2,930 | 38.3% | 60 | 67 |
| avenida Dom João VI | Active | €290,000 | €2,397 | 13.1% | 65 | 62 |
| avenida dos Bombeiros Municipais de Olhão, 35 | Active | €275,000 | €2,412 | 13.9% | 72 | 73 |
| Median comp | €290,000 | €2,614 | 23.4% | 65 | 68 |
Short-term vacation rental The property is strategically priced at €250,000, which is 18.7% below its fair value of €307,616, making it an attractive opportunity for short-term vacation rentals in the Algarve region. With a gross yield of 4.9%, it can capitalize on the area's tourism, particularly given its proximity to the coast. Long-term rental Listing at €250,000 positions this property favorably as a long-term rental investment given its 4.9% gross yield, which is sustainable in the context of the neighborhood's average score of 62/100. While the condition is slightly below average at 55/100, the rental demand in Quelfes remains strong due to the overall appeal of the Algarve region. Buy-and-hold Acquiring this property at €250,000 presents a solid buy-and-hold strategy, given that it is priced 18.7% below its fair value, allowing for appreciation potential over time. The property benefits from both steady rental income and the likelihood of future value increases in a desirable coastal area with robust demand fundamentals.
Low Stability Risk The combined Economic stability score of 55/100 and Tenant stability score of 50/100 indicates a potential lack of reliable income and high turnover, making the investment risky.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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