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, 3-bathroom house of 221 m², built in 2015, energy rating B. Located Quelfes parish, Olhão municipality, Faro district. This property features a spacious 40 m² terrace with a barbecue area, perfect for private gatherings, and boasts panoramic sea views from the upper levels.
The valuation. The asking price of €649,000 sits €48,879 (8.1%) above the fair value of €600,121, indicating a fair valuation. This pricing reflects the high-quality construction and premium materials present in the property.
Fair value modelled at €600,121 from 5 comparable sales in the area. Asking €649,000 sits €48,879 (8.1%) above — overpriced versus fair value.
Asking €649,000 versus the Quelfes, Olhão, Faro area baseline of €426,752 (€1,931/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €426,752, adjusted for condition and micro-location, gives a modelled fair value of €600,121 (€2,715/m²), a €48,879 (8.1%) gap versus the €649,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · e3aa89 | Subject | €649,000 | €2,937 | — | 84 | 59 |
| Quelfes · 5ed090 | Active | €649,000 | €2,715 | 7.5% | 78 | 61 |
| Quelfes · 57fc6f | Active | €480,000 | €2,775 | 5.5% | 80 | 63 |
| Quelfes · 19f6ab | Active | €649,000 | €2,715 | 7.5% | 80 | 60 |
| Quelfes · 911253 | Active | €595,000 | €2,807 | 4.4% | 80 | 64 |
| Median comp | €622,000 | €2,745 | 6.5% | 80 | 62 |
Short-term vacation rental The potential for a yield of 4.7% gross suggests that this property may perform adequately in the short-term rental market, although its inland location may limit tourist appeal. With a fair value assessment at €600,121, investors should be cautious of competition from more desirable areas in the Algarve. Value-add renovation The current condition score of 80/100 indicates that while the property is generally well-maintained, upgrading certain features could enhance its appeal and potentially increase rental income. However, given its fair valuation and the moderate neighborhood score of 59/100, any renovation should be carefully analyzed against the likely returns and the local market dynamics. Not ideal for student housing The rural and inland location, coupled with a neighborhood score of 59/100, suggests that student housing demand may be weak in this area. Consequently, this strategy may not yield the necessary occupancy rates typically required for success. Not ideal for luxury market Given the property's fair valuation and the neighborhood's average condition and amenities, positioning this as a luxury rental may not attract the anticipated clientele. The combination of its inland location and economic factors may hinder its desirability within the higher-end market segment.
Economic Vulnerability A low economic stability score of 40/100 increases the risk of potential downturns affecting property value and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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