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 on the 2nd floor, built in 2003, energy rating C. Located on rua Joaquim António Pires, 17, Loulé (São Clemente) parish, Loulé municipality, Faro district. Noteworthy Features: This apartment boasts two generous balconies with eastern and western exposure, providing optimal sunlight throughout the day and a common terrace for additional leisure space.
The valuation. The asking price of €305,000 is below the estimated fair value of €356,582, representing a discount of €51,582 (14.5%). This presents an attractive opportunity for an investor seeking undervalued assets.
Fair value modelled at €356,582 from 6 comparable sales in the area. Asking €305,000 sits €51,582 (14.5%) below — the upside to fair value.
Asking €305,000 versus the rua Joaquim António Pires, 17 area baseline of €284,814 (€2,613/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €284,814, adjusted for condition and micro-location, gives a modelled fair value of €356,582 (€3,271/m²), a €51,582 (14.5%) gap versus the €305,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Joaquim António Pires, 17 | Subject | €305,000 | €2,798 | — | 74 | 54 |
| rua Emiliano da Costa, 9 | Active | €380,000 | €3,455 | 23.5% | 69 | 62 |
| rua Alberto Iria, 2 | Active | €421,000 | €2,567 | 8.3% | 70 | 65 |
| Loulé (São Clemente) · 25f6e5 | Active | €315,000 | €3,088 | 10.4% | 80 | 61 |
| rua Alberto Iria, 1 | Active | €421,000 | €2,567 | 8.3% | 74 | 67 |
| Median comp | €400,500 | €2,828 | 1.0% | 72 | 64 |
Short-term vacation rental This 2-bed apartment presents an attractive opportunity for short-term vacation rentals, given its gap to fair value of 14.5%. While the neighborhood's lower score of 54/100 suggests limited tourist appeal, the overall fair value indicates potential for higher future returns with proper marketing. Buy-and-hold Investing in this property as a buy-and-hold can yield steady returns with a gross yield of 4%, despite the neighborhood's modest ranking. The property, being currently subvalued at €305,000, allows for a strategic acquisition that can benefit from appreciation over time in a fluctuating market. Not ideal for: Student housing, Luxury market The location's characteristics do not align well with student housing or the luxury market, as its appeal is limited outside of peak tourist seasons. Therefore, these strategies may not provide sustainable income or value appreciation.
Economic downturn risk The economic stability score of 50/100 indicates a potential risk of economic downturn that could negatively impact property values and rental income. Tenant turnover risk With a tenant stability score of 60/100, there may be an increased risk of tenant turnover, leading to potential vacancy periods and decreased cash flow.
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