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 129 m² on the 2nd floor, built in 2022, energy rating G. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment includes access to a private swimming pool and garden within the condominium, enhancing outdoor living opportunities for residents.
The valuation. The asking price of €413,660 is significantly above the fair value of €322,030, exceeding it by €91,630 or 28.5%. This property is overpriced based on current market conditions.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 51c9c7 | Subject | €413,660 | €3,207 | — | — | 60 |
| avenida da República, 57 | Active | €360,000 | €3,956 | 23.4% | 65 | 70 |
| Quelfes · 0dce47 | Active | €240,000 | €2,202 | 31.3% | 75 | 63 |
| Moncarapacho e Fuseta · 5b8679 | Active | €290,000 | €2,458 | 23.4% | 65 | 74 |
| Quelfes · 622722 | Active | €270,000 | €3,140 | 2.1% | 75 | 64 |
| Median comp | €280,000 | €2,799 | 12.7% | 70 | 67 |
Short-term vacation rental This property is overpriced at €413,660, with a fair value of only €322,030 indicating a 28.5% gap. Despite its location in the Algarve, the gross yield of 3.3% does not support the high asking price in a competitive market driven by tourism. Buy-and-hold Representing a significant investment gap, this 3-bed apartment's price suggests it is not a wise choice for a buy-and-hold strategy, given the fair value is considerably lower at €322,030. The current yield of 3.3% further illustrates that the asset is unlikely to appreciate substantially relative to its current pricing. Family rental While the property is located in a reasonable neighborhood with a score of 60/100, the €413,660 price tag reveals that it is overpriced compared to its fair value of €322,030. The gross yield of only 3.3% does not justify the investment for family rental purposes, as potential returns are limited relative to market expectations.
Tenant turnover risk: With an economic stability score of 55/100 and tenant stability at 55/100, this property is at risk for higher tenant turnover, potentially leading to increased vacancy rates and fluctuating 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
