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 123 m² on the 1st floor, built in 2009. Located on urbanização Quinta João de Ourém, 48, Quelfes parish, Olhão municipality, Faro district. This apartment features a practical office space, easily convertible back to a bedroom, providing versatile living solutions for professionals or families.
The asking price of €390,000 is significantly above our assessed fair value of €312,000, indicating a €78,000 gap; confidence in this fair value is low. There is no specific investment strategy for this property.
The fair value of this property is constructed using two models: the Transaction model, which analyzes 77 real transaction data points from Quelfes, and the Adjusted asking-price model, based on current listings adjusted to sale prices. These models are combined in a weighted mix, with the Transaction model accounting for 55% and the Adjusted asking-price model for 45%. No conservative adjustments were applied to this property. Consequently, the fair value is calculated at €312,000. Therefore, the asking price is above the fair value, reflecting a 19.9% downside versus the asking price.
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 consider that the asking price of €390,000 is above the fair value of €312,000, indicating a 19.9% downside risk based on the fair value assessment. The condition of the property is rated at 78/100, suggesting it is generally well-maintained, while the neighborhood score is only 50/100, hinting at potential challenges in the area. These factors, particularly the juxtaposition of price versus value, warrant thorough scrutiny before proceeding.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property is situated in an area with both economic and tenant stability scores at 50/100, indicating a potential risk of low demand and high vacancy. Fair value certainty risk The valuation of the property is at a fair value of €312,000, but with low confidence due to significant discrepancies in estimates, raising concerns about its reliability.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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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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