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, 1-bathroom house of 71 m², energy rating E. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This property includes a rooftop terrace typical of traditional Algarve homes, along with stainless steel appliances that provide a modern touch to the kitchen aesthetics.
The valuation. The asking price of €269,000 is significantly above the fair value of €208,792, resulting in an overvaluation of €60,208 (28.8%). This suggests that the property is overpriced in the current market.
Fair value modelled at €208,792 from 6 comparable sales in the area. Asking €269,000 sits €60,208 (28.8%) above — overpriced versus fair value.
Asking €269,000 versus the Quelfes, Olhão, Faro area baseline of €194,007 (€2,732/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €194,007, adjusted for condition and micro-location, gives a modelled fair value of €208,792 (€2,941/m²), a €60,208 (28.8%) gap versus the €269,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 76b230 | Subject | €269,000 | €3,789 | — | 51 | 64 |
| rua Henrique Pousão, 3 | Active | €350,000 | €2,991 | 21.0% | 62 | 62 |
| Quelfes · 65a805 | Active | €410,000 | €3,761 | 0.7% | 50 | 60 |
| travessa Luís de Camões | Active | €289,000 | €2,890 | 23.7% | 62 | 72 |
| azinhaga da Patinha | Active | €535,000 | €3,408 | 10.1% | 65 | 59 |
| Median comp | €380,000 | €3,200 | 15.6% | 62 | 61 |
Short-term vacation rental The property's asking price of €269,000 reflects a significant 28.8% premium over its fair value of €208,792, suggesting it is overpriced. Coupled with a gross yield of 5.3%, the potential for short-term vacation rentals may not justify the initial investment given the inflated cost. Long-term rental At a listing price of €269,000, the property appears overpriced by 28.8% relative to its fair value of €208,792, making it less attractive for long-term rental strategies. While the 5.3% gross yield is respectable, the higher purchase price limits the overall return potential for a long-term investment. Buy-and-hold Although the property presents a 5.3% gross yield, its valuation at €269,000 is 28.8% above the fair value of €208,792, categorizing it as overpriced. The current condition score of 55/100 indicates that ongoing maintenance costs may further detract from the investment appeal in a buy-and-hold scenario.
Economic Vulnerability The economic stability score of 55/100 indicates a potential risk of fluctuating economic conditions that could negatively impact rental income. Tenant Instability A tenant stability score of 60/100 suggests that there may be a higher turnover rate, which could lead to increased vacancy periods and reduced cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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