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.
1-bedroom, 1-bathroom apartment of 79 m², built in 1994, energy rating D. Located on rua do Forte Novo, Quarteira parish, Loulé municipality, Faro district. Noteworthy Features: The apartment boasts a bright living room that can be easily converted into an additional bedroom, enhancing its flexibility for various living arrangements.
The valuation. The asking price of €350,000 sits below the fair value of €390,355 by €40,355 (11.5%), indicating that this property is underpriced. This presents a notable opportunity for the discerning investor.
Fair value modelled at €390,355 from the area baseline, adjusted for condition and location. Asking €350,000 sits €40,355 (11.5%) below — the upside to fair value.
Asking €350,000 versus the rua do Forte Novo area baseline of €367,508 (€4,652/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 72 · Materials 65 · Room dimensions 67). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 78 · Amenities 73 · Economic 65 · Tenant Quality 68). Strong amenities and housing-market momentum support a premium to baseline.
rua do Forte Novo
Area baseline €367,508 + condition -€8,023 + location +€30,871 = modelled fair value of €390,355 (€4,941/m²), a €40,355 (11.5%) gap versus the €350,000 asking price.
Short-term vacation rental The 1-bed apartment in Quarteira presents an attractive opportunity for short-term vacation rentals, with a gross yield of 4%. The property is subvalued at €350,000 compared to its fair value of €390,355, indicating potential for solid rental income in a tourism-driven market. Buy-and-hold Investing in this apartment as a buy-and-hold asset allows for long-term value appreciation, especially as the Algarve region thrives on its allure to seasonal visitors. With a current valuation gap of 11.5% against fair market value, this asset is poised for future appreciation while generating steady rental income. Family rental As a family rental, this property benefits from its decent condition rating of 69/100 and its location in a moderate population density area, which decreases crime risk. Given its strong market position and the existing valuation gap, this apartment offers an ideal environment for family living in a tourist-friendly neighborhood.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk of downturn, which may impact rental income and tenant retention. Tenant Security With a tenant stability score of 68/100, there is a notable risk of vacancy due to tenants potentially seeking more favorable living conditions elsewhere.
