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.
2-bedroom, 1-bathroom house of 126 m². Located Quelfes parish, Olhão municipality, Faro district. The property features a captivating sea view, enhancing its appeal as both a tranquil retreat and an attractive investment opportunity on Armona Island.
The asking price of €350,000 significantly exceeds the fair value of €194,000, indicating a substantial gap of €156,000, with a 44.6% downside versus the asking price. Confidence in this fair value is low.
The asking price is above the fair value. We assess the fair value using a Transaction model that relies on real transaction data from Quelfes, with 256 sales recorded recently. This is combined with an Adjusted asking-price model, reflecting current listings, where asking prices are modified to match sale levels. To ensure conservative estimates, adjustments were made for factors like area and necessary repairs. Consequently, the calculated fair value is €194,000, indicating that the asking price of €350,000 is 44.6% above this fair value, suggesting a low confidence level in this estimate.
No specific strategy stands out for this property.
Negotiation room: Negotiation context: asking prices in this municipality run about 17% above what similar homes actually sell for, so there is usually room to negotiate
Investors should carefully assess the asking price of €350,000, which exceeds the fair value of €194,000 by 44.6%, indicating a notable downside. Additionally, the property's condition rating of 55 out of 100 suggests it may require some attention, while a neighborhood rating of 66 indicates mixed stability, reflecting the impact of seasonal tourism cycles in the Algarve region.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score of 65/100 and tenant stability score of 70/100 indicate potential vulnerabilities in both tenant retention and overall market resilience. Fair value certainty risk The fair value of €194,000 is assessed with low confidence, raising concerns about the accuracy of the valuation due to the absence of micro-location transaction data and significant discrepancies between the two estimates.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
No confirmed issues.
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Models 3.4.3 (Data quality v3 · Valuation v4.2 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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