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 132 m² on the 2nd floor, built in 2022, energy rating G. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment boasts two spacious balconies totaling 24m², perfect for outdoor entertaining, and is part of a private condominium with extensive communal amenities, including a swimming pool and garden.
The valuation. The asking price of €422,560 is significantly above the fair value of €329,519, placing it €93,041 (28.2%) overvalued. This suggests the property may not be a prudent investment option at its current price point.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 51cacc | Subject | €422,560 | €3,201 | — | — | 63 |
| avenida da República, 57 | Active | €360,000 | €3,956 | 23.6% | 65 | 70 |
| Quelfes · 0dce47 | Active | €240,000 | €2,202 | 31.2% | 75 | 63 |
| Moncarapacho e Fuseta · 5b8679 | Active | €290,000 | €2,458 | 23.2% | 65 | 74 |
| Quelfes · 622722 | Active | €270,000 | €3,140 | 1.9% | 75 | 64 |
| Median comp | €280,000 | €2,799 | 12.6% | 70 | 67 |
Short-term vacation rental The property is overpriced with a 28.2% gap versus fair value, limiting its potential for a good investment return in the short-term vacation rental market. With a gross yield of only 3.2%, the financial viability of this strategy appears questionable given the high initial price. Buy-and-hold At a listing price of €422,560, the apartment does not present a favorable opportunity for a buy-and-hold investment strategy due to its significant overpricing relative to the fair value of €329,519. Long-term capital appreciation seems less promising given the high entry cost and the current yield of 3.2%. Value-add renovation Investing in value-add renovations for this apartment is likely unwise, as the property is overpriced by 28.2%, reducing the incentive for substantial returns on renovation costs. With a condition rating of 0/100, the high initial outlay combined with the existing market price poses significant risk to recouping renovation investments effectively.
Economic Vulnerability The economic stability score of 55/100 indicates a potential risk of economic downturns affecting rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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