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 90 m², energy rating B. Located on azinhaga da Patinha, Quelfes parish, Olhão municipality, Faro district. The property features spacious upper terraces that provide unobstructed views over the Ria Formosa and the sea, perfect for creating various outdoor environments with excellent sun exposure.
The valuation. The asking price of €540,000 is €11,500 (2.2%) above the fair value of €528,500. This places the property at a reasonable market valuation, reflecting current standards for the region.
Fair value modelled at €528,500 from 6 comparable sales in the area. Asking €540,000 sits €11,500 (2.2%) above — overpriced versus fair value.
Asking €540,000 versus the azinhaga da Patinha area baseline of €474,279 (€5,270/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 is above the parish average, lifting 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 €474,279, adjusted for condition and micro-location, gives a modelled fair value of €528,500 (€5,872/m²), a €11,500 (2.2%) gap versus the €540,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| azinhaga da Patinha | Subject | €540,000 | €6,000 | — | 70 | 63 |
| avenida da República | Active | €825,000 | €5,810 | 3.2% | 75 | 71 |
| Quelfes · 82c724 | Active | €480,000 | €4,364 | 27.3% | 73 | 56 |
| rua António Gedeão | Active | €650,000 | €2,941 | 51.0% | 80 | 60 |
| Olhão · f46d43 | Active | €580,000 | €7,073 | 17.9% | 74 | 62 |
| Median comp | €615,000 | €5,087 | 15.2% | 75 | 61 |
Short-term vacation rental This property is located in a tourist-oriented region, which supports a stable demand for short-term rentals despite the fair valuation revealing only a modest yield of 2.4%. The neighborhood's amenities and seasonal appeal may attract holidaymakers, but cautious investors should consider the potential challenges associated with competing supply and seasonality. Long-term rental While the yield of 2.4% is modest, the property is fairly valued and sits in a location that benefits from ongoing demand influenced by the tourism-driven local economy. Investors should be aware that longer tenancy turnover may occur due to seasonal shifts in the area, affecting tenant stability. Buy-and-hold Investing in this property under a buy-and-hold strategy aligns with the fair valuation, indicating a stable investment option given the neighborhood's tourist appeal. However, the relatively low yield of 2.4% might deter those looking for quick returns, emphasizing the importance of patient capital in this environment.
Economic vulnerability With an economic stability score of 55/100, this property faces potential risks from economic downturns that could affect tenant retention and rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
