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 109 m², built in 1999, energy rating E. Located on rua dos Peões, 2, Quarteira parish, Loulé municipality, Faro district. Sea view and proximity to local shops, restaurants, and essential services enhance the living experience of this apartment in Quarteira, making it ideal for both residence and investment.
The valuation. The asking price of €399,500 is significantly below the fair value of €527,258, representing a discount of €127,758 (32.0%). This indicates the property is currently subvalued in the market. Buy-to-flip angle. Given the attractive pricing, a buy-and-flip strategy could yield significant profits after minor cosmetic updates, targeting a resale that capitalizes on the area's rental demand. Buy-to-let angle. With an estimated gross yield of 5% (~€1,665/month), this property offers a solid rental income potential, suitable for both short-term vacation rentals and long-term leasing options in a market driven by tourism.
Fair value modelled at €527,258 from the area baseline, adjusted for condition and location. Asking €399,500 sits €127,758 (32.0%) below — the upside to fair value.
Asking €399,500 versus the rua dos Peões, 2 area baseline of €510,774 (€4,686/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 70 · Materials 74 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 66/100 (Housing Market 70 · Amenities 60 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua dos Peões, 2
Area baseline €510,774 + condition -€12,263 + location +€32,452 = modelled fair value of €527,258 (€4,837/m²), a €127,758 (32.0%) gap versus the €399,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Peões, 2 | Subject | €399,500 | €3,665 | — | 70 | 66 |
| Quarteira · bf2a34 | Active | €340,000 | €4,000 | 9.1% | 68 | 69 |
| Quarteira · ac99bf | Active | €565,000 | €4,631 | 26.4% | 65 | 65 |
| avenida de Quarteira | Active | €220,000 | €4,400 | 20.1% | — | 63 |
| rua Melvin Jones | Active | €380,000 | €4,222 | 15.2% | 74 | 74 |
| Median comp | €360,000 | €4,311 | 17.6% | 68 | 67 |
Short-term vacation rental With a fair value of €527,258, the property presents an appealing opportunity for short-term vacation rentals, given its 5% gross yield and proximity to tourism hotspots in Quarteira. However, the property is priced at €399,500, indicating it is subvalued relative to the local demand for vacation accommodations. Long-term rental The property remains competitive for long-term rentals in a neighborhood with a good yield of 5%, making it an attractive option for landlords looking to tap into stable rental income in the Algarve market. With a listing price of €399,500 significantly lower than the fair value of €527,258, the potential for solid returns is evident. Buy-and-hold Investors seeking a buy-and-hold strategy may find this property advantageous, particularly as it is offered at €399,500 while the fair value stands at €527,258, representing a significant potential upside. The 5% gross yield, combined with the overall demand in the region, positions this property as a long-term asset with favorable growth prospects.
Economic Vulnerability The economic stability score of 60/100 indicates potential susceptibility to downturns that could impact tenant retention and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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