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 124 m² on the 1st floor, built in 2012, energy rating C. Located on rua 18 de Junho, 16, Quelfes parish, Olhão municipality, Faro district. This apartment features a private terrace equipped with a barbecue area, perfect for entertaining and enjoying the pleasant Algarve climate in privacy.
The asking price of €399,000 exceeds our assessed fair value of €288,000, indicating that the property is overpriced. Confidence in this fair value is low.
The asking price is above the fair value. This property's fair value is calculated using a transaction model based on 77 recorded sales in the parish of Quelfes, which accounts for 55% of the final assessment. The adjusted asking-price model contributes the remaining 45%, based on current listings with no adjustments applied. None of the conservative adjustments were necessary for this property. As a result, the fair value stands at €288,000, indicating that the asking price is €399,000, representing a 27.9% downside compared to the fair value. 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 €399,000 is significantly higher than the fair value of €288,000, indicating that the property is overpriced, with a downside of 27.9% compared to the fair value. Additionally, the condition rating of 72 out of 100 suggests reasonable upkeep, but the neighborhood score of 50 out of 100 reflects a mixed appeal in terms of location. These factors should be carefully weighed before considering any investment decisions.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The property is located in an area with a low economic stability score of 50/100 and a low tenant stability score of 50/100, indicating potential challenges in attracting and retaining reliable tenants. Fair value certainty risk The property’s valuation is assessed at a fair value of €288,000, with low confidence due to the lack of available micro-location transaction data and significant differences between available 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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