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.
0-bedroom, 0-bathroom house of 54 m². Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This property includes a legally licensed artesian well, providing abundant water resources for potential projects on the expansive 14,626 m² plot.
The valuation. There are not enough comparable sales in this area yet to establish a reliable fair-value estimate.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · a0cb9f | Subject | €285,000 | €5,278 | — | — | 75 |
| azinhaga da Patinha | Active | €259,900 | €3,938 | 25.4% | 20 | 65 |
| Pechão · 937439 | Active | €220,000 | €1,111 | 78.9% | — | 70 |
| Quelfes · 3a7342 | Active | €210,000 | €2,059 | 61.0% | — | 63 |
| Quelfes · 65a805 | Active | €410,000 | €3,761 | 28.7% | 50 | 60 |
| Median comp | €239,950 | €2,910 | 44.9% | 35 | 64 |
Short-term vacation rental With a gross yield of 3.7%, this property is poised to attract tourists looking for affordable short-term accommodations in the Algarve's vibrant tourist season. The appealing neighborhood score of 75 indicates strong demand for vacation rentals, promising a solid occupancy rate throughout the year. Long-term rental The steady demand in the neighborhood makes this property a suitable candidate for long-term rental, appealing to expatriates and locals seeking housing in the area. Its condition score of 13 suggests a need for refurbishment, which could attract higher-quality tenants after improvements are made. Buy-and-hold Investing in this property as a buy-and-hold asset aligns well with the overall stability of the Algarve region's housing market, often driven by consistent demand from both locals and expatriates. Over time, strategic renovations could enhance its appeal and yield, leveraging the neighborhood's favorable rating to increase its long-term value.
Economic Vulnerability Given an economic stability score of 70/100, there is a moderate risk of economic downturns affecting tenant affordability and occupancy rates.
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