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 102 m², energy rating D. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment includes an unobstructed balcony ideal for outdoor relaxation and offers secure parking, enhancing convenience in daily living.
The valuation. The asking price of €364,000 is €60,529 (19.9%) above the fair value of €303,471, indicating that the property is overpriced. This discrepancy suggests potential challenges in justifying the investment price.
Fair value modelled at €303,471 from 5 comparable sales in the area. Asking €364,000 sits €60,529 (19.9%) above — overpriced versus fair value.
Asking €364,000 versus the Quelfes, Olhão, Faro area baseline of €253,590 (€2,486/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 €253,590, adjusted for condition and micro-location, gives a modelled fair value of €303,471 (€2,975/m²), a €60,529 (19.9%) gap versus the €364,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · e3abfd | Subject | €364,000 | €3,569 | — | 64 | 63 |
| avenida da República, 89 | Active | €395,000 | €2,883 | 19.2% | 75 | 60 |
| Quelfes · 8751ee | Active | €425,000 | €3,632 | 1.8% | — | 68 |
| estrada Projetada de Quelfes | Active | €325,000 | €2,851 | 20.1% | 70 | 70 |
| avenida Sporting Clube Olhanense | Active | €360,000 | €2,975 | 16.6% | 70 | 62 |
| Median comp | €377,500 | €2,929 | 17.9% | 70 | 65 |
Short-term vacation rental The property is overpriced at €364,000 compared to its fair value of €303,471, creating significant investment risk in a market with seasonal tourism. Given the gross yield of only 3.9%, this strategy may not attract sufficient rental income to justify the premium pricing. Buy-and-hold Investing in this apartment as a buy-and-hold asset is unadvisable at the current listing price due to its valuation gap of 19.9%. The economic stability of the area, influenced by seasonal tourism, suggests that long-term appreciation may not compensate for the high entry cost of €364,000. Value-add renovation While a value-add renovation strategy is often attractive, this property’s fair value of €303,471 indicates it is overpriced at €364,000 and reduces the potential return on investment. Furthermore, with the current condition rated at 68/100, significant renovations and expenses would be required to enhance its appeal in a competitive market that offers limited economic stability.
Economic vulnerability With an economic stability score of 55/100, there is a significant risk that economic conditions could worsen, impacting rental demand and property value.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
