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 88 m² on the 3rd floor, built in 1989, energy rating E. Located on rua Vasco da Gama, 18, Quarteira parish, Loulé municipality, Faro district. Noteworthy Features: This apartment includes outdoor terraces ideal for relaxation, along with a desirable sea view that enhances its appeal in a competitive real estate market.
The valuation. The asking price of €310,000 sits €47,739 (13.3%) below the fair value of €357,739, making this property underpriced and an attractive option for investors looking for value.
Fair value modelled at €357,739 from 6 comparable sales in the area. Asking €310,000 sits €47,739 (13.3%) below — the upside to fair value.
Asking €310,000 versus the rua Vasco da Gama, 18 area baseline of €399,402 (€4,539/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €399,402, adjusted for condition and micro-location, gives a modelled fair value of €357,739 (€4,065/m²), a €47,739 (13.3%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vasco da Gama, 18 | Subject | €310,000 | €3,523 | — | 65 | 62 |
| rua dos Peões, 2 | Active | €399,500 | €3,665 | 4.0% | 70 | 66 |
| Quarteira · f46aaf | Active | €298,000 | €4,448 | 26.3% | 72 | 72 |
| avenida de Quarteira | Active | €220,000 | €4,400 | 24.9% | — | 63 |
| Quarteira · bf2a34 | Active | €340,000 | €4,000 | 13.5% | 68 | 69 |
| Median comp | €319,000 | €4,200 | 19.2% | 70 | 68 |
Long-term rental The 2-bed apartment in Quarteira presents a sustainable long-term rental opportunity with a competitive gross yield of 4.6%. Given the area's strong tourism influence and steady service-driven employment, this property is well-positioned to attract reliable tenants. Short-term vacation rental With the property valued at €310,000 against a fair value of €357,739, this apartment offers an attractive avenue for short-term vacation rentals. The high demand in the Algarve region makes it a prime candidate for capturing tourist income during peak seasons. Buy-and-hold Investing in this 2-bed apartment for a buy-and-hold strategy could yield significant long-term gains given its current price being 13.3% below fair value. The robust local economy and attractive amenities in Quarteira can lead to potential appreciation in property value over time.
Economic Dependency Risk The property is at risk due to its economic stability score of 60/100, indicating potential economic fluctuations that could impact rental income and tenant retention negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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