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, 1-bathroom apartment of 91 m² on the 1st floor, energy rating E. Located on rua do Leme, 46, Quarteira parish, Loulé municipality, Faro district. Noteworthy Features: This apartment features a spacious balcony that enhances outdoor living, and its proximity to prestigious golf courses offers potential for lucrative rental opportunities in a sought-after location.
The valuation. The asking price of €298,000 is significantly above the fair value of €248,077, indicating an overpriced property by €49,923 (20.1%). This raises concerns regarding long-term investment potential and accurate future pricing.
Fair value modelled at €248,077 from 6 comparable sales in the area. Asking €298,000 sits €49,923 (20.1%) above — overpriced versus fair value.
Asking €298,000 versus the rua do Leme, 46 area baseline of €303,888 (€3,339/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €303,888, adjusted for condition and micro-location, gives a modelled fair value of €248,077 (€2,726/m²), a €49,923 (20.1%) gap versus the €298,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Leme, 46 | Subject | €298,000 | €3,275 | — | 60 | 67 |
| Quarteira · 001a35 | Active | €265,000 | €2,304 | 29.6% | 61 | 63 |
| Quarteira · 6229bf | Active | €490,000 | €2,178 | 33.5% | — | 73 |
| Quarteira · 25f656 | Active | €320,000 | €2,712 | 17.2% | 72 | 65 |
| Quarteira · bf2a34 | Active | €340,000 | €4,000 | 22.1% | 68 | 69 |
| Median comp | €330,000 | €2,508 | 23.4% | 68 | 67 |
Long-term rental The 2-bed apartment in Quarteira is priced at €298,000, which is 20.1% above its fair value of €248,077, making it a less favorable option for long-term rental. With a gross yield of only 4.6% and a condition rating of 63/100, the investment yields limited returns. Short-term vacation rental Although the coastal region in Algarve attracts tourists, the apartment's listing price of €298,000 is significantly higher than the fair value of €248,077, positioning it as overpriced for short-term vacation rental purposes. A gross yield of 4.6% suggests that potential returns may not justify the initial investment in this property. Buy-and-hold Considering the property’s price of €298,000 stands at 20.1% more than its fair value of €248,077, a buy-and-hold strategy appears suboptimal for this investment. With a condition rating of 63/100 and a yield of only 4.6%, this property lacks the robust long-term value appreciation expected in a buy-and-hold context.
Economic vulnerability The economic stability score of 60/100 indicates a potential risk of economic downturns affecting property value and rental income.
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