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 137 m² on the 2nd floor, built in 2022, energy rating G. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment boasts large balconies totaling 21m², enhancing outdoor living space while providing views of the well-maintained private condominium gardens and pool.
The valuation. The asking price of €440,380 is significantly above the fair value of €358,077, resulting in an overprice of €82,303 (23.0%). This valuation suggests the property is overpriced for the current market conditions.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 51c9b7 | Subject | €440,380 | €3,214 | — | — | 61 |
| avenida da República, 57 | Active | €360,000 | €3,956 | 23.1% | 65 | 70 |
| Quelfes · 0dce47 | Active | €240,000 | €2,202 | 31.5% | 75 | 63 |
| Quelfes · 622722 | Active | €270,000 | €3,140 | 2.3% | 75 | 64 |
| Quelfes · 96c438 | Active | €289,000 | €2,535 | 21.1% | 70 | 62 |
| Median comp | €279,500 | €2,838 | 11.7% | 73 | 64 |
Short-term vacation rental With a fair value of €358,077 and a listing price of €440,380, the property is overpriced by 23.0%, diminishing its potential for attractive short-term rental returns. Additionally, with a gross yield of only 3.4%, investment in this strategy is not favored as seasonal tourism in the Algarve may not justify the high price. Buy-and-hold The property’s significant gap above fair value indicates that holding this asset may not yield favorable capital appreciation, particularly given its condition rating of 0/100. This underperformance reflects the risk of investing in an overpriced asset within a neighborhood that has only a 61/100 rating. Long-term rental Despite the regional demand for rentals, the property is overpriced at €440,380, leading to a meager gross yield of 3.4%, which is unlikely to meet investor return expectations. Over time, this investment may struggle to remain competitive against alternatives given the property’s inadequate condition. Not ideal for: Student housing, Luxury market This property does not align with the requirements of the student housing demographic due to its high price point and poor condition. Furthermore, its listing price places it well outside the luxury market segment, limiting its appeal even further.
Market Vulnerability The property is at risk due to both economic and tenant stability scores being low at 60/100, indicating potential difficulties in maintaining consistent rental income and property value appreciation.
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