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 country_house of 541 m², built in 1951. Located Quelfes parish, Olhão municipality, Faro district. Unique Features: The property includes a traditional watermill and a large tank, presenting exceptional possibilities for conversion into a unique swimming pool or aesthetic attraction.
The valuation. There are not enough comparable sales in this area yet to establish a reliable fair-value estimate. The absence of robust market data hinders precise valuation.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 53cdf4 | Subject | €900,000 | €1,664 | — | — | 65 |
| Quelfes · 49b84e | Active | €448,000 | €796 | 52.2% | — | 68 |
| Moncarapacho e Fuseta · 86ca68 | Active | €149,000 | €560 | 66.3% | — | 65 |
| Olhão · 82c6a1 | Active | €700,000 | €1,961 | 17.9% | — | 65 |
| Quelfes · 3a7342 | Active | €210,000 | €2,059 | 23.8% | — | 63 |
| Median comp | €329,000 | €1,379 | 17.1% | — | 65 |
Short-term vacation rental The property's location in the Algarve region makes it a prime candidate for short-term vacation rentals, especially given the area's popularity with tourists. The current condition rating of 17/100 suggests significant renovation may be necessary to attract guests and achieve satisfactory rental rates. Buy-and-hold Investing in this property as a buy-and-hold strategy could yield long-term benefits due to the consistent demand for housing in the Algarve market, driven primarily by tourism. However, the property's low condition rating indicates that an initial investment in repairs and upgrades will be crucial to maximize its potential over time. Family rental The property might appeal to families seeking long-term rentals due to its spacious layout, and the neighbourhood offers a reasonable safety profile. The current property condition will need addressing to provide a desirable living environment for potential tenants.
Economic Vulnerability With an economic stability score of 50/100, there is a significant risk of economic downturns affecting the viability of the property investment.
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Not enough comparable sales in this area to confidently estimate a fair value.
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