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, built in 2022, energy rating G. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: The apartment boasts a spacious 31m2 balcony, ideal for outdoor entertaining or relaxing, and includes a dedicated parking space in a private basement facility.
The valuation. The asking price of €412,170 is slightly below the fair value of €423,402, with a difference of €11,232 (2.7%). This property is deemed to be fairly priced in the current market.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 51cd88 | Subject | €412,170 | €3,123 | — | — | 66 |
| Quelfes · 51cacc | Active | €422,560 | €3,201 | 2.5% | — | 63 |
| Quelfes · 51c9c7 | Active | €413,660 | €3,207 | 2.7% | — | 60 |
| Quelfes · 51cae9 | Active | €410,690 | €3,209 | 2.8% | — | 64 |
| Quelfes · 51caf4 | Active | €437,410 | €3,193 | 2.3% | — | 53 |
| Median comp | €418,110 | €3,204 | 2.6% | — | 62 |
Long-term rental This property presents a gross yield of 4.4%, suggesting that it could generate stable income over time, aligning with long-term investment objectives. Given the fair valuation standing at €412,170 against a fair value of €423,402, the investment may provide modest growth potential over the long term in the Quelfes neighbourhood. Short-term vacation rental While the location near the Algarve coast is attractive for vacationers, the neighbourhood rating of 66/100 indicates that there could be limitations on demand for short-term rentals. With the property priced fairly at €412,170, any investment in this strategy would likely yield average returns without significant upside potential. Buy-and-hold As a buy-and-hold investment, this property could deliver steady returns, but its condition rating of 0/100 indicates significant renovation needs that could impact profitability. With a fair value gap of just 2.7%, holding this asset may yield incremental appreciation but requires careful consideration of future maintenance costs. Not ideal for student housing The characteristics of the property and local market trends do not favour student housing, particularly as the rental yield is more aligned with long-term residential tenants than transient populations. With a fair valuation of €412,170, it does not present a compelling case for this type of investment. Not ideal for luxury market The property’s current condition and moderate location rating suggest it is not aligned with the luxury market segment. Given that the property is priced at €412,170 and is rated as fair, the luxury tenant demographic may be underserved in this scenario.
Economic Volatility Risk The economic stability score of 65/100 indicates potential vulnerabilities in local economic conditions, which may affect tenant demand and property value 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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