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 119 m² on the 1st floor, built in 2001. Located on rua Doutor Arnaldo da Assunção Matos, 4, Quelfes parish, Olhão municipality, Faro district. This apartment offers two balconies that provide unobstructed views and excellent sun exposure, enhancing the outdoor living experience.
The valuation. The asking price of €350,000 is €28,251 higher than the fair value of €321,749, representing an 8.8% premium. Verdict: fair. Buy-to-flip angle. A short-term vacation rental strategy could capitalize on the Algarve location, potentially providing attractive resale opportunities during peak tourist seasons. Buy-to-let angle. With a gross yield of 3.9%, estimated rental income of €1,138/month positions the property well for stable cash flow through long-term family rentals.
Fair value modelled at €321,749 from 6 comparable sales in the area. Asking €350,000 sits €28,251 (8.8%) above — overpriced versus fair value.
Asking €350,000 versus the rua Doutor Arnaldo da Assunção Matos, 4 area baseline of €250,326 (€2,104/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €250,326, adjusted for condition and micro-location, gives a modelled fair value of €321,749 (€2,704/m²), a €28,251 (8.8%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Arnaldo da Assunção Matos, 4 | Subject | €350,000 | €2,941 | — | 76 | 69 |
| Quelfes · 3a7010 | Active | €370,000 | €2,721 | 7.5% | 72 | 62 |
| Quelfes · 49b7b7 | Active | €290,000 | €2,589 | 12.0% | 74 | 60 |
| estrada de Quelfes | Active | €299,500 | €2,186 | 25.7% | 73 | 71 |
| estrada de Quelfes | Active | €378,000 | €2,885 | 1.9% | 73 | 64 |
| Median comp | €334,750 | €2,655 | 9.7% | 73 | 63 |
Short-term vacation rental The property’s proximity to the Algarve coast supports a steady demand for short-term vacation rentals, making it a viable option for investors in this sector. However, with a gross yield of 3.9%, the investment may underperform compared to other opportunities in the market. Buy-and-hold Given that the apartment is fairly valued at €350,000, the buy-and-hold strategy may yield modest appreciation in line with the region's tourism-driven economy. The current gross yield of 3.9% indicates potential but may not be competitive against other long-term investment options. Family rental While this 3-bed apartment may attract families due to its size, the neighborhood’s score of 69/100 suggests that it may not offer the most desirable living conditions for long-term tenants. As the property is fairly priced, the investment could lead to stable rental income, albeit without significant upside potential compared to undervalued properties.
Economic vulnerability With an economic stability score of only 55/100, there is a considerable risk that declining economic conditions could adversely affect the property's value and rental income potential.
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