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 155 m² on the 3rd floor, built in 1999, energy rating D. Located Quelfes parish, Olhão municipality, Faro district. One noteworthy feature: The apartment boasts two balconies, enhancing outdoor living space and providing an opportunity for personalized garden setups in the heart of the city. Price Assessment: Given its generous size and central location, this property represents a fair market opportunity for €330,000.
The valuation. The asking price of €330,000 is notably below the fair value of €385,914, indicating it is subvalued by €55,914 (14.5%). This presents a unique opportunity for investors looking for potential appreciation.
Fair value modelled at €385,914 from 6 comparable sales in the area. Asking €330,000 sits €55,914 (14.5%) below — the upside to fair value.
Asking €330,000 versus the Quelfes, Olhão, Faro area baseline of €324,651 (€2,095/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €324,651, adjusted for condition and micro-location, gives a modelled fair value of €385,914 (€2,490/m²), a €55,914 (14.5%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 7cad53 | Subject | €330,000 | €2,129 | — | 68 | 50 |
| avenida Dom João VI | Active | €290,000 | €2,397 | 12.6% | 65 | 62 |
| Quelfes · 49b7b7 | Active | €290,000 | €2,589 | 21.6% | 74 | 60 |
| Quelfes · 96c438 | Active | €289,000 | €2,535 | 19.1% | 70 | 62 |
| avenida Doutor Bernardino da Silva | Active | €315,000 | €2,692 | 26.5% | 80 | 70 |
| Median comp | €290,000 | €2,562 | 20.3% | 72 | 62 |
Short-term vacation rental The property’s proximity to coastal tourist areas makes it well-suited for short-term vacation rentals, potentially capitalizing on the 14.5% gap from fair value. With the current yield at 0%, strategic marketing can enhance occupancy rates to increase revenue. Buy-and-hold Acquiring this 3-bed apartment at €330,000 provides a solid buy-and-hold strategy, especially given its underpriced status compared to a fair value of €385,914. This investment can leverage future appreciation in a tourism-driven market, enhancing long-term returns. Value-add renovation Investing in value-add renovations could significantly enhance the apartment’s condition from 70/100, thereby increasing its appeal in the market and pushing closer to its fair value. Targeting aesthetic and functional upgrades can help close the valuation gap of 14.5%, ultimately creating a stronger asset for retention or resale.
Market volatility risk The property is in a region with both Economic stability and Tenant stability scores of 50/100, indicating potential instability that could affect rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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