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, 2-bathroom apartment of 90 m², built in 1988, energy rating E. Located on rua Melvin Jones, Quarteira parish, Loulé municipality, Faro district. This apartment features direct access to a private terrace from the living area, enhancing outdoor living options for gatherings and relaxation.
The valuation. The asking price of €380,000 is significantly below the fair value of €460,280, representing a discrepancy of €80,280 (21.1%). This indicates that the property is underpriced.
Fair value modelled at €460,280 from the area baseline, adjusted for condition and location. Asking €380,000 sits €80,280 (21.1%) below — the upside to fair value.
Asking €380,000 versus the rua Melvin Jones area baseline of €418,680 (€4,652/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Melvin Jones
Area baseline €418,680 + condition +€1,406 + location +€40,193 = modelled fair value of €460,280 (€5,114/m²), a €80,280 (21.1%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Melvin Jones | Subject | €380,000 | €4,222 | — | 74 | 74 |
| caminho do Millenium | Active | €480,000 | €3,429 | 18.8% | 72 | 70 |
| caminho do Cuco | Active | €454,000 | €4,018 | 4.8% | 77 | 75 |
| caminho do Cuco | Active | €454,000 | €4,018 | 4.8% | 80 | 75 |
| rua das Grevílias | Active | €620,000 | €3,563 | 15.6% | 70 | 73 |
| Median comp | €467,000 | €3,791 | 10.2% | 75 | 74 |
Short-term vacation rental With a gross yield of 4.7% and strong demand in Algarve's vibrant rental market, this 2-bed apartment is ideally positioned for short-term vacation rentals. Its proximity to beaches adds to its attractiveness, resulting in potential higher occupancy rates and rental income. Buy-and-hold This property, listed at €380,000 while fair value is assessed at €460,280, represents a significant opportunity for a buy-and-hold strategy given the 21.1% gap to fair value. The apartment's location and strong regional tourism trends suggest solid long-term appreciation potential. Luxury market Though not a typical luxury market offering, the Quarteira area attracts affluent tourists, making this apartment a desirable option for investors aiming to tap into the upscale rental segment. With the potential for value enhancement through modest upgrades, the property may cater to higher-end clientele in the long run.
Economic Exposure The economic stability score of 65/100 suggests potential vulnerability to market fluctuations that could impact rental income and property value.
