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 162 m², built in 2022, energy rating A. Located Quelfes parish, Olhão municipality, Faro district. This apartment features expansive balconies that offer panoramic sea and city views, enhancing its appeal as a stylish coastal retreat.
The valuation. The asking price of €470,000 sits below the fair value of €541,964, representing a discount of €71,964 (13.3%). This property is considered to be underpriced in the current market.
Fair value modelled at €541,964 from 6 comparable sales in the area. Asking €470,000 sits €71,964 (13.3%) below — the upside to fair value.
Asking €470,000 versus the Quelfes, Olhão, Faro area baseline of €444,312 (€2,743/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €444,312, adjusted for condition and micro-location, gives a modelled fair value of €541,964 (€3,345/m²), a €71,964 (13.3%) gap versus the €470,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 51c9b6 | Subject | €470,000 | €2,901 | — | 85 | 63 |
| rua 18 de Junho | Active | €295,000 | €2,323 | 19.9% | 74 | 60 |
| avenida Dom João VI | Active | €399,000 | €4,030 | 38.9% | 85 | 63 |
| rua Joaquim Farracha | Active | €355,000 | €2,536 | 12.6% | 72 | 65 |
| urbanização Sporting Clube Olhanense, 4 | Active | €375,000 | €3,409 | 17.5% | 72 | 63 |
| Median comp | €365,000 | €2,973 | 2.5% | 73 | 63 |
Short-term vacation rental This property presents an excellent opportunity for short-term vacation rentals in Quelfes, with a significant gap of 13.3% below its fair value of €541,964. Given the area's typical tourist characteristics in the Algarve, this can lead to a healthy occupancy rate, despite the current gross yield being 0%. Buy-and-hold Investing in this apartment for a buy-and-hold strategy is promising due to its subvalued price relative to its potential market value, opening up prospects for appreciation over time in a desirable tourist region. Additionally, the good condition rating of 81/100 indicates that the property is ready for long-term investment without immediate heavy capital expenditure. Value-add renovation The property offers room for a value-add renovation strategy, considering that it is currently listed at €470,000 while its fair value stands at €541,964. Upgrading the apartment can not only enhance aesthetic appeal but also improve rental potential within the dynamic Algarve market, which remains attractive to prospective buyers and renters alike.
Low Economic Resilience The economic stability score of 55/100 indicates potential vulnerability to market fluctuations, which may impact tenant demand and rental income.
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
