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 100 m², built in 2002, energy rating D. Located on rua do Caminho de Ferro, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment boasts a spacious private terrace with traditional hydraulic mosaic tiles and a masonry barbecue, enhancing outdoor living in a city-center location.
The valuation. The asking price of €360,000 sits just above the fair value of €359,194, presenting a minimal difference of €806 (0.2%). This indicates that the property is fairly priced, making it a reasonable consideration for potential buyers.
Fair value modelled at €359,194 from 6 comparable sales in the area. Asking €360,000 sits €806 (0.2%) above — overpriced versus fair value.
Asking €360,000 versus the rua do Caminho de Ferro area baseline of €301,842 (€3,018/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €301,842, adjusted for condition and micro-location, gives a modelled fair value of €359,194 (€3,592/m²), a €806 (0.2%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Caminho de Ferro | Subject | €360,000 | €3,600 | — | 75 | 64 |
| Olhão · 65a817 | Active | €540,000 | €2,813 | 21.9% | 73 | 63 |
| estrada Projetada de Quelfes | Active | €325,000 | €2,851 | 20.8% | 70 | 70 |
| Quelfes · a466b3 | Active | €360,000 | €4,000 | 11.1% | 77 | 71 |
| Olhão · 80019b | Active | €650,000 | €8,228 | 128.6% | — | 63 |
| Median comp | €450,000 | €3,426 | 4.8% | 73 | 67 |
Short-term vacation rental While the property is situated in the Algarve, known for its tourism impact, the fair value closely aligns with the listing price, indicating minimal potential for short-term rental returns. Given the 0% gross yield, this strategy may not offer the best financial benefit relative to the current market conditions. Buy-and-hold The property is fairly priced at €360,000 compared to the fair value of €359,194, suggesting stability in investment returns over time without significant appreciation expected. The 0% gross yield reinforces that a buy-and-hold strategy may not yield substantial cash flow in the foreseeable future. Long-term rental Currently, the property is priced fairly at €360,000, with a gap of only 0.2% from its fair value, implying limited short-term growth for cash flow generation. Given the 0% gross yield, long-term rental potential seems constrained, particularly with the rural characteristics noted outside the tourist zones. Not ideal for: Student housing, Luxury market, Agricultural use
Moderate Economic Vulnerability The economic stability score of 55/100 suggests a moderate risk of economic downturns that may affect tenant retention and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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