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 50 m² on the 2nd floor, built in 2002, energy rating C. Located on rua Padre Elísio Dias, 2, Quarteira parish, Loulé municipality, Faro district. Noteworthy Features: This apartment boasts two private balconies enhancing outdoor space, and its proximity to Quarteira bus terminal facilitates convenient commuting options for residents. Condition Notes: Well-maintained interiors with moderate wear, yet quality materials; some areas could benefit from updates.
The valuation. The asking price of €330,000 sits above fair value at €315,034, indicating a difference of €14,966 (4.8%). This suggests that the property is fairly priced in the current market context. Buy-to-flip angle. A resale strategy targeting the tourism-driven market could capitalize on the apartment's quality finishes and location, aiming for a quick turnaround at a competitive price given regional demand trends. Buy-to-let angle. With an estimated rental income of €880/month, equating to a gross yield of 3.2%, the property offers a steady income potential aligned with rental demand in the Algarve's seasonal tourist economy.
Fair value modelled at €315,034 from 6 comparable sales in the area. Asking €330,000 sits €14,966 (4.8%) above — overpriced versus fair value.
Asking €330,000 versus the rua Padre Elísio Dias, 2 area baseline of €337,921 (€6,758/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €337,921, adjusted for condition and micro-location, gives a modelled fair value of €315,034 (€6,301/m²), a €14,966 (4.8%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Padre Elísio Dias, 2 | Subject | €330,000 | €6,600 | — | 71 | 74 |
| rua Luís de Camões | Active | €320,000 | €5,161 | 21.8% | 70 | 70 |
| Quarteira · 6d5534 | Active | €330,000 | €6,875 | 4.2% | 80 | 60 |
| Quarteira · be91ac | Active | €235,000 | €6,351 | 3.8% | 65 | 66 |
| Quarteira · 225cd4 | Active | €337,000 | €4,814 | 27.1% | 80 | 72 |
| Median comp | €325,000 | €5,756 | 12.8% | 75 | 68 |
Long-term rental This 1-bed apartment in Quarteira offers a gross yield of 3.2%, which aligns with local rental expectations despite the tight margin to its fair value of €315,034. Given the stable demand in the region from seasonal tourism, it could provide steady income but may not be the optimal choice given the tight gap to fair value. Short-term vacation rental While Quarteira's tourism-driven economy could support short-term rentals, the property is priced at €330,000, just above fair value, limiting its potential for profitable vacation rental yields. The local tourist influx during peak seasons may help in managing occupancy but the profitability remains in question due to the current pricing. Buy-and-hold The buy-and-hold strategy may see modest capital appreciation given the property's fair market conditions; however, with a listing price that reflects only a 4.8% gap to fair value, significant long-term gains might be capped. Current neighborhood amenities and quality ratings support steady tenant retention, yet the overpriced nature diminishes the overall investment viability.
Economic Vulnerability The economic stability score of 65/100 suggests potential exposure to fluctuations in the local economy, which may impact long-term 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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