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 166 m², energy rating F. Located on rua Adriano Batista, Quelfes parish, Olhão municipality, Faro district. The property features a dual-purpose annex suitable for commercial use, offering potential for a home-based business or additional rental income alongside residential living.
The asking price sits significantly above the fair value at €485,000 compared to the assessed fair value of €212,000, reflecting a gap of €273,000. This valuation indicates that confidence in this fair value is low.
The asking price is above the fair value. The fair value is derived using a combination of the Transaction model, based on 256 real transaction data points from Quelfes, and the Adjusted asking-price model, which reviews current listings with adjustments to reflect sale levels. This combination gives a weighted average of 65% from the Transaction model and 35% from the Adjusted asking-price model, incorporating conservative adjustments related to area and costs to cure. The fair value calculated is €212,000, indicating a significant downside of 56.2% compared to the asking price of €485,000. Confidence in this assessment is low.
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
The asking price of €485,000 is significantly above the fair value of €212,000, indicating a 56.2% downside versus the asking price. Additionally, the property's condition score of 39/100 and the neighbourhood score of 50/100 suggest that both the physical state and location may not currently justify the high asking price. Overall, potential investors should carefully consider these factors before proceeding, as the property is overpriced based on the information available.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability and tenant stability scores are both 50/100, indicating a mixed stability that poses a risk for consistent rental income from the property. Fair value certainty risk The fair value is assessed at €212,000 with low confidence, and the lack of micro-location transaction data, along with significant differences in estimates, further increases uncertainty regarding the property's valuation.
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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