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 penthouse of 63 m² on the 3rd floor, built in 2005, energy rating C. Located on rua de Andorra, Quarteira parish, Loulé municipality, Faro district. Notable Feature: The expansive terrace provides unobstructed views of Vilamoura and the sea, perfect for outdoor dining and relaxation in the Algarve's mild climate.
The valuation. The asking price of €490,000 sits 3.9% below the fair value of €509,979, indicating it is fairly priced in the current market. This positioning reflects a balanced assessment based on local property trends and quality.
Fair value modelled at €509,979 from 6 comparable sales in the area. Asking €490,000 sits €19,979 (3.9%) below — the upside to fair value.
Asking €490,000 versus the rua de Andorra area baseline of €500,761 (€7,949/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 is above the parish average, lifting 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 €500,761, adjusted for condition and micro-location, gives a modelled fair value of €509,979 (€8,095/m²), a €19,979 (3.9%) gap versus the €490,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Andorra | Subject | €490,000 | €7,778 | — | 80 | 72 |
| rua de Volta dos Jacarandás S / N D | Active | €519,000 | €7,414 | 4.7% | 80 | 71 |
| Quarteira · cfe043 | Active | €1,290,000 | €8,776 | 12.8% | 80 | 70 |
| Quarteira · 4a7fa6 | Active | €1,390,000 | €14,479 | 86.2% | 80 | 70 |
| caminho do Lago, 4 | Active | €469,000 | €4,737 | 39.1% | 80 | 81 |
| Median comp | €904,500 | €8,095 | 4.1% | 80 | 71 |
Short-term vacation rental The property’s proximity to tourist attractions in Quarteira positions it well for short-term vacation rentals, attracting visitors looking for comfortable lodging. Given a fair valuation of €490,000 with a gross yield of 3.2%, the investment offers moderate returns amid a competitive vacation rental market. Buy-and-hold Investing in this penthouse for the long term could yield a stable income, although the close proximity to its fair market value indicates that this may not be an optimal time for acquisition. Holding onto the property could be beneficial, as Quarteira’s low crime rates and appealing amenities enhance tenant desirability, even with current yield projections. Family rental With a decent condition rating of 83/100 and a family-friendly neighborhood, this property could attract stable, long-term tenants. However, the fair valuation suggests that while the investment is not priced poorly, potential rental income may only yield modest returns in a fluctuating rental market.
Potential Income Fluctuation The Economic stability score of 65/100 indicates a risk of economic downturns affecting rental income, while a Tenant stability score of 68/100 suggests the potential for tenant turnover, both contributing to unpredictable cash flows.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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