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, 2-bathroom penthouse of 133 m², built in 2003, energy rating F. Located on rua Vela de Genoa, 12, Quarteira parish, Loulé municipality, Faro district. This penthouse features a continuous balcony providing exceptional natural light in all bedrooms, and offers exclusive access to Al-Sakia Village's amenities like pools and padel courts.
The valuation. The asking price of €450,000 is significantly below the fair value of €543,520, resulting in a valuation that is underpriced by €93,520 (17.2%). This presents an attractive opportunity for potential investors.
Fair value modelled at €543,520 from 6 comparable sales in the area. Asking €450,000 sits €93,520 (17.2%) below — the upside to fair value.
Asking €450,000 versus the rua Vela de Genoa, 12 area baseline of €570,887 (€4,292/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €570,887, adjusted for condition and micro-location, gives a modelled fair value of €543,520 (€4,087/m²), a €93,520 (17.2%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vela de Genoa, 12 | Subject | €450,000 | €3,383 | — | 72 | 70 |
| rua da Alemanha | Active | €398,000 | €4,628 | 36.8% | 75 | 71 |
| rua Melvin Jones | Active | €380,000 | €4,222 | 24.8% | 74 | 74 |
| Quarteira · 38bb95 | Active | €530,000 | €4,173 | 23.3% | 88 | 56 |
| rua do Brasil | Active | €500,000 | €3,788 | 12.0% | 73 | 70 |
| Median comp | €449,000 | €4,198 | 24.1% | 75 | 71 |
Short-term vacation rental The property presents a favorable opportunity for short-term vacation rentals, with a gross yield of 4.5% in a tourism-centric economy that drives stable demand. Its prime location near Albufeira, combined with the 17.2% gap to fair value, indicates strong potential for capital appreciation. Long-term rental Given the adequate amenities and tenant quality in the neighbourhood, this 3-bed penthouse can command competitive rental prices for long-term tenants. The 17.2% gap from fair value further supports its attractiveness as a stable income-generating asset. Buy-and-hold This property is well-positioned for a buy-and-hold strategy due to its strategic location and the potential for appreciation over time, supported by a fair value assessment of €543,520. The combination of a solid gross yield of 4.5% and the tourism-driven demand reinforces the investment's resilience over the long term.
Economic Vulnerability With an Economic stability score of 55/100, the property risks a downturn in demand due to potential economic challenges that may affect tenant retention and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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