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, 1-bathroom apartment of 102 m² on the 1st floor, energy rating D. Located Quelfes parish, Olhão municipality, Faro district. This property features a long balcony with multiple access points, enhancing its outdoor living space, and includes a designated parking space in the garage for added convenience.
The valuation. The asking price of €350,000 is significantly above the fair value of €288,750, representing an overprice of €61,250 (21.2%). Given these figures, the property does not present a sound investment opportunity based on current market assessments.
Fair value modelled at €288,750 from 6 comparable sales in the area. Asking €350,000 sits €61,250 (21.2%) above — overpriced versus fair value.
Asking €350,000 versus the Quelfes, Olhão, Faro area baseline of €235,320 (€2,307/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €235,320, adjusted for condition and micro-location, gives a modelled fair value of €288,750 (€2,831/m²), a €61,250 (21.2%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quelfes · 0acb16 | Subject | €350,000 | €3,431 | — | 68 | 71 |
| Quelfes · 51cba5 | Active | €350,000 | €2,941 | 14.3% | 65 | 68 |
| rua Doutor Arnaldo da Assunção Matos, 4 | Active | €350,000 | €2,941 | 14.3% | 76 | 69 |
| Olhão · 33bd7b | Active | €293,000 | €3,330 | 3.0% | 65 | 66 |
| Quelfes · 3a7010 | Active | €370,000 | €2,721 | 20.7% | 72 | 62 |
| Median comp | €350,000 | €2,941 | 14.3% | 69 | 67 |
Short-term vacation rental Given the property’s significant price gap of 21.2% above its fair value of €288,750, entering the short-term vacation rental market may not yield a competitive advantage. The property’s 4% gross yield, combined with moderate neighborhood scores, suggests that it would likely struggle to capture tourist demand effectively. Buy-and-hold Investing in this property as a buy-and-hold strategy is questionable due to its current valuation at €350,000, which reflects a substantial overpricing compared to the fair value. With the present condition scores and neighborhood ratings, long-term appreciation may not compensate for the initial investment over time. Family rental The family rental strategy is not advisable given the property’s 21.2% overpricing and the emphasis on tourism in the Olhão region, which does not prioritize long-term family tenancies. Additionally, moderate crime levels and local amenities may deter potential long-term family renters seeking secure and thriving environments.
Economic and Tenant Instability: With both the economic stability and tenant stability scores at 65/100, there is a significant risk of fluctuations in rental income and potential vacancy issues, impacting overall profitability.
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