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, 2-bathroom apartment of 110 m² on the 3rd floor, built in 2003, energy rating D. Located on rua Alberto Lopes S / N, Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment's sunroom offers functional versatility as an additional storage space, enhancing overall utility without compromising the property's living area.
The valuation. The asking price of €299,000 is €15,550 (5.5%) above the fair value of €283,450, indicating this property is fairly priced based on current market conditions.
Fair value modelled at €283,450 from 6 comparable sales in the area. Asking €299,000 sits €15,550 (5.5%) above — overpriced versus fair value.
Asking €299,000 versus the rua Alberto Lopes S / N area baseline of €207,694 (€1,888/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €207,694, adjusted for condition and micro-location, gives a modelled fair value of €283,450 (€2,577/m²), a €15,550 (5.5%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Alberto Lopes S / N | Subject | €299,000 | €2,718 | — | 74 | 74 |
| avenida Doutor Bernardino da Silva | Active | €360,000 | €3,529 | 29.8% | 75 | 62 |
| rua Pedro Ninil | Active | €330,000 | €2,444 | 10.1% | 75 | 68 |
| Quelfes · 001a0c | Active | €340,000 | €2,500 | 8.0% | 73 | 71 |
| Quelfes · 49b7b7 | Active | €290,000 | €2,589 | 4.7% | 74 | 60 |
| Median comp | €335,000 | €2,545 | 6.4% | 75 | 65 |
Short-term vacation rental Due to the strong tourism influence in the Algarve region, this apartment can generate seasonal rental income, yet its gross yield of 3.8% indicates that it does not currently provide a compelling financial incentive for immediate short-term rental investment. Additionally, the property’s fair market evaluation reveals it is priced fairly, providing no significant investment advantage in this strategy. Long-term rental With a fair value of €283,450 and a slight gap of 5.5%, this property is aligned with the long-term rental strategy but offers limited upside for growth or cash flow. The decent condition score of 76/100 and neighborhood rating of 74/100 make it a reasonable choice, yet the yield of 3.8% may not be appealing for investors prioritizing higher returns. Buy-and-hold Investing in this apartment as a buy-and-hold asset can be justified in consideration of the relatively stable real estate market in Olhão, though the fair valuation indicates no immediate financial benefit. The potential for appreciation exists but is tempered by the fair pricing and modest yield of 3.8%, making it a less attractive opportunity for long-term capital gains. Not ideal for student housing The configuration and type of this property do not suit the high-density requirements typically sought in student housing, meaning it is unlikely to meet the demands of this market effectively. Additionally, the fair valuation suggests that investing here would not yield significant returns in the student rental sector. Not ideal for luxury market With its solid but not exceptional ratings and fair pricing, this property does not align with the expectations of the luxury market, which requires both premium amenities and pricing. Investing here would likely yield subpar performance compared to true luxury properties, which command higher returns and offer more exclusivity.
Moderate Economic Risk The economic stability score of 65/100 indicates potential volatility in the local market, which could impact tenant retention and rental income.
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