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.
4-bedroom, 5-bathroom apartment of 320 m², built in 2021, energy rating A. Located Quelfes parish, Olhão municipality, Faro district. Unique Features: This apartment includes exclusive access to a covered terrace and two pools, one located on the rooftop with stunning views of the marina and sea. Location Highlights: Nestled at the gateway to Ria Formosa Natural Park, it allows easy access to tranquil barrier islands and a vibrant local market offering the freshest seafood. Investment Appeal: Positioned in a prestigious waterfront area, it combines luxury living with high rental potential due to its prime location and amenities.
The valuation. The asking price of €950,000 is significantly below the fair value of €1,670,922, suggesting the property is underpriced by €720,922 (43.1%). This presents an appealing opportunity for savvy investors seeking value. Buy-to-flip angle. A buy-to-flip strategy could capitalize on the property’s luxurious condition and sought-after location near Algarve, enabling potential resale at a premium. With appropriate renovations, investors may enhance value before re-listing. Buy-to-let angle. For a buy-to-let approach, the property’s appeal for long-term rentals or short-term vacation rentals in a popular tourist destination holds strong potential. Although currently carrying a gross yield of 0%, strategic marketing could attract lucrative rental income.
Fair value modelled at €1,670,922 from 6 comparable sales in the area. Asking €950,000 sits €720,922 (43.1%) below — the upside to fair value.
Asking €950,000 versus the Quelfes, Olhão, Faro area baseline of €1,371,211 (€4,285/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 88/100 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 €1,371,211, adjusted for condition and micro-location, gives a modelled fair value of €1,670,922 (€5,222/m²), a €720,922 (43.1%) gap versus the €950,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 53ca68 | Subject | €950,000 | €2,969 | — | 85 | 64 |
| Olhão · 03252c | Active | €1,250,000 | €3,894 | 31.2% | 80 | 62 |
| azinhaga da Patinha | Active | €530,000 | €2,994 | 0.9% | 84 | 61 |
| Olhão · 3a7135 | Active | €799,000 | €6,549 | 120.6% | 86 | 57 |
| rua Rainha Santa Isabel | Active | €465,000 | €22,143 | 645.9% | 78 | 64 |
| Median comp | €664,500 | €5,222 | 75.9% | 82 | 62 |
Long-term rental The 4-bed apartment in Quelfes, Olhão presents a significant opportunity in long-term rental investments, given its fair value of €1,670,922 compared to the listing price of €950,000, indicating a gap of 43.1%. With a condition rating of 88/100 and no major crime concerns in the Algarve, this property is well-suited for stable, long-term tenants. Short-term vacation rental Given the property’s fair value appraisal and proximity to the popular tourist area of Algarve, it is an attractive option for short-term vacation rentals, despite the current listing price being set at €950,000. The appealing condition of 88/100 enhances the potential for high occupancy rates during peak seasons, capitalizing on the area's tourism. Not ideal for student housing Considering its rural location and the overall neighborhood score of 64/100, this property would not be ideal for student housing. The economic and demographic factors in this area do not support a strong demand for long-term student rentals, making other rental strategies more favorable.
Economic Instability Risk The economic stability score of 55/100 indicates a potentially volatile market that could impact rental income and property values.
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