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 3rd floor, energy rating B. Located Quelfes parish, Olhão municipality, Faro district. Noteworthy Features: This apartment offers large balconies with impressive views of the Ria Formosa, enhancing outdoor living and leisure opportunities in a scenic natural park setting.
The valuation. The asking price of €449,500 is €37,642 (9.1%) above the fair value of €411,858, indicating the property is priced at fair value.
Fair value modelled at €411,858 from 6 comparable sales in the area. Asking €449,500 sits €37,642 (9.1%) above — overpriced versus fair value.
Asking €449,500 versus the Quelfes, Olhão, Faro area baseline of €305,115 (€2,227/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €305,115, adjusted for condition and micro-location, gives a modelled fair value of €411,858 (€3,006/m²), a €37,642 (9.1%) gap versus the €449,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 76acdd | Subject | €449,500 | €3,281 | — | 85 | 78 |
| rua Domingos Xavier Pereira, 3 | Active | €500,000 | €3,759 | 14.6% | 78 | 72 |
| rua Domingos Xavier Pereira | Active | €445,000 | €2,781 | 15.2% | 78 | 67 |
| rua 18 de Junho | Active | €295,000 | €2,323 | 29.2% | 74 | 60 |
| rua de Cândido do Ó Ventura, 5 | Active | €369,500 | €3,695 | 12.6% | 78 | 68 |
| Median comp | €407,250 | €3,238 | 1.3% | 78 | 68 |
Short-term vacation rental The property's proximity to popular Algarve tourist destinations makes it suitable for short-term vacation rentals, with a consistent flow of tourists. However, with a 3% gross yield and fair market conditions, the revenue potential is moderate, and investment returns are likely constrained by seasonal demand variability. Long-term rental As a long-term rental, this property may attract stable tenants due to its decent condition and neighborhood rating of 78/100, which indicates a livable environment. However, with property pricing at €449,500 versus a fair value of €411,858, the potential for rental appreciation could be limited, affecting long-term investment returns. Family rental Ideal for family rentals, this spacious 3-bed apartment can cater to families seeking a comfortable living space in the Algarve region. Nevertheless, the property is priced at a fair value, offering only moderate rental growth potential in an area that experiences both demand and seasonality challenges.
Economic Dependence Risk The property may face challenges due to an economic stability score of 70/100, indicating potential vulnerabilities in the local economy that could affect tenant security and rental income.
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