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.
2-bedroom, 1-bathroom apartment of 120 m² on the 1st floor, built in 2006. Located on rua de Antero Nobre S / N, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment includes two private balconies with ample natural light and a designated parking space, enhancing both comfort and convenience for urban living.
The valuation. The asking price of €325,000 sits below the fair value of €370,976, representing a potential savings of €45,976 (12.4%). This property is therefore underpriced and presents a solid investment opportunity. Buy-to-flip angle. With renovations focused on updating finishes and appliances that show age, this property can be flipped for a substantial profit in a short timeframe, better aligning with market trends in the Algarve. Buy-to-let angle. The estimated rental income of €1,056 per month results in a gross yield of 3.9%, making this a viable option for long-term family rentals or short-term vacation rentals in a tourism-driven area.
Fair value modelled at €370,976 from 6 comparable sales in the area. Asking €325,000 sits €45,976 (12.4%) below — the upside to fair value.
Asking €325,000 versus the rua de Antero Nobre S / N area baseline of €312,682 (€2,606/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €312,682, adjusted for condition and micro-location, gives a modelled fair value of €370,976 (€3,091/m²), a €45,976 (12.4%) gap versus the €325,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Antero Nobre S / N | Subject | €325,000 | €2,708 | — | 70 | 61 |
| Olhão · 2fce26 | Active | €295,000 | €3,242 | 19.7% | 74 | 61 |
| rua Doutor Arnaldo da Assunção Matos, 4 | Active | €350,000 | €2,941 | 8.6% | 76 | 69 |
| rua Pedro Ninil | Active | €330,000 | €2,444 | 9.7% | 75 | 68 |
| Olhão · 33bd7b | Active | €293,000 | €3,330 | 22.9% | 65 | 66 |
| Median comp | €312,500 | €3,092 | 14.1% | 75 | 67 |
Short-term vacation rental The 2-bed apartment in Quelfes is strategically positioned in a tourist-centric area, making it an ideal candidate for short-term vacation rentals. With a fair value of €370,976, the listing price of €325,000 presents a remarkable 12.4% gap that enhances the potential for profitability in this thriving rental market. Buy-and-hold Investing in the Quelfes apartment offers a solid buy-and-hold strategy with a gross yield of 3.9% and the potential for property value appreciation as tourism maintains its economic influence in the region. The current listing price, underpriced compared to the fair value, supports long-term investment growth in this dynamic market. Family rental While the apartment's condition rating of 68/100 suggests some room for improvement, it remains a viable option for family rentals given the neighbourhood’s amenities. The 12.4% gap to fair value indicates that the property is attractively priced, creating an opportunity for stable rental income in a tourism-reliant economy.
Economic Sensitivity The economic stability score of 55/100 indicates a potential vulnerability to market downturns, which could significantly affect rental income and property value. Tenant Instability With a tenant stability score of 60/100, there's a moderate risk of turnover, leading to potential vacancy loss and increased management costs.
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