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 house of 147 m², built in 1995, energy rating D. Located Quelfes parish, Olhão municipality, Faro district. Noticeable feature: This property includes an additional multifunctional room that can cater to varying family needs, enhancing its adaptability and overall utility within the living space.
The valuation. The asking price of €530,000 sits €87,433 (19.8%) above fair value of €442,567, indicating that the property is overpriced. This discrepancy suggests a more cautious approach to any potential investment.
Fair value modelled at €442,567 from 6 comparable sales in the area. Asking €530,000 sits €87,433 (19.8%) above — overpriced versus fair value.
Asking €530,000 versus the Quelfes, Olhão, Faro area baseline of €376,023 (€2,558/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €376,023, adjusted for condition and micro-location, gives a modelled fair value of €442,567 (€3,011/m²), a €87,433 (19.8%) gap versus the €530,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · e8347d | Subject | €530,000 | €3,605 | — | 70 | 69 |
| Quelfes · 38b7b3 | Active | €510,000 | €3,750 | 4.0% | 70 | 70 |
| azinhaga da Patinha | Active | €535,000 | €3,408 | 5.5% | 65 | 59 |
| Quelfes · 6fbc8e | Active | €570,000 | €2,591 | 28.1% | 70 | 59 |
| rua Serpa Pinto, 17 | Active | €620,000 | €3,131 | 13.2% | 70 | 62 |
| Median comp | €552,500 | €3,270 | 9.3% | 70 | 61 |
Short-term vacation rental The property in Quelfes presents an average gross yield of 3.9%, which is below the desirable yield for short-term vacation rentals in the Algarve. Given its overpriced listing of €530,000 against a fair value of €442,567, investing in this strategy carries significant risks. Buy-and-hold With a current market listing that exceeds fair value by 19.8%, this property does not represent a prudent buy-and-hold investment. The long-term potential for appreciation is undermined by the excessive price, limiting returns for investors. Value-add renovation While renovations might improve the property's condition rating of 67/100, the substantial gap to fair value indicates that the cost of improvements may not yield sufficient benefit. This strategy is hampered by the current asking price of €530,000, which is disproportionately high compared to the fair market value. Not ideal for: Student housing, Luxury market, Long-term rental The property is not positioned well for student housing or the luxury market, given its neighborhood ratings of 69/100, suggesting it may not meet the needs of those demographics. Additionally, as an investment for long-term rentals, the high listing price creates a barrier to achieving favorable returns.
Economic Fluctuation Risk A moderate economic stability score of 65/100 indicates potential vulnerability to economic downturns, which could affect tenant retention and rental income.
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