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 119 m² on the 1st floor, built in 2002, energy rating D. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment includes a designated parking space in a secure garage, offering convenience in this prime location of Quelfes, Olhão.
The valuation. The asking price of €350,000 is above the fair value of €323,750, placing it at a premium of €26,250 (8.1%). Verdict: fair. Buy-to-flip angle. The resale strategy focuses on cosmetic improvements to enhance aesthetic appeal and increase the apartment’s market value. These upgrades can target resale to both families and investors looking for modernized features. Buy-to-let angle. With an estimated rental income of €1,312 per month, the gross yield stands at 4.5%. This makes the property an attractive option for buy-and-hold investors capitalizing on Algarve's tourism and family rental market.
Fair value modelled at €323,750 from 5 comparable sales in the area. Asking €350,000 sits €26,250 (8.1%) above — overpriced versus fair value.
Asking €350,000 versus the Quelfes, Olhão, Faro area baseline of €258,363 (€2,171/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €258,363, adjusted for condition and micro-location, gives a modelled fair value of €323,750 (€2,721/m²), a €26,250 (8.1%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 51cba5 | Subject | €350,000 | €2,941 | — | 65 | 68 |
| Quelfes · e3ab93 | Active | €285,000 | €2,850 | 3.1% | 62 | 70 |
| Quelfes · 3a7010 | Active | €370,000 | €2,721 | 7.5% | 72 | 62 |
| avenida Dom João VI | Active | €390,000 | €2,484 | 15.5% | 72 | 82 |
| Quelfes · e3abfd | Active | €364,000 | €3,569 | 21.3% | 64 | 63 |
| Median comp | €367,000 | €2,786 | 5.3% | 68 | 67 |
Short-term vacation rental The property in Quelfes presents a reasonable opportunity for short-term vacation rentals in the Algarve, where tourism consistently fuels demand. With a gross yield of 4.5%, the property aligns well with the area's appeal, though it is important to note that the pricing is fair rather than a bargain. Buy-and-hold Investing in this property as a buy-and-hold strategy is viable considering the steady demand for rentals in a desirable region like Olhão. While the fair value indicates a healthy investment, the current listing price suggests a moderate potential for appreciation rather than a significant undervaluation. Family rental This apartment suits family rental due to the neighbourhood's low crime rates and overall safety, making it appealing for long-term tenants. At a fair market price, it provides a sound option for landlords, but the current valuation reflects a conventional market price rather than a unique opportunity for instant equity gain.
Economic Vulnerability The property is exposed to economic instability due to a relatively low economic stability score of 58/100, which could impact tenant retention or rental income over time.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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