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.
3-bedroom, 2-bathroom apartment of 106 m² on the 1st floor, built in 1971, energy rating C. Located on caminho das Alfarrobeiras, 6, Quarteira parish, Loulé municipality, Faro district. Noteworthy Features: Underfloor heating throughout for year-round comfort, and a balcony that offers exclusive views, enhancing both relaxation and outdoor living space in a premium location.
The valuation. The asking price of €499,000 is €66,697 (15.4%) above the fair value of €432,303, indicating that the property is overpriced. This discrepancy suggests a potential lack of immediate buyer interest at the current price point.
Fair value modelled at €432,303 from 6 comparable sales in the area. Asking €499,000 sits €66,697 (15.4%) above — overpriced versus fair value.
Asking €499,000 versus the caminho das Alfarrobeiras, 6 area baseline of €402,160 (€3,794/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 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 €402,160, adjusted for condition and micro-location, gives a modelled fair value of €432,303 (€4,078/m²), a €66,697 (15.4%) gap versus the €499,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| caminho das Alfarrobeiras, 6 | Subject | €499,000 | €4,708 | — | 80 | 73 |
| Quarteira · 3d9710 | Active | €750,000 | €4,167 | 11.5% | 75 | 54 |
| rua das Cássias | Active | €399,000 | €3,990 | 15.2% | 78 | 74 |
| Quarteira · 90d9f4 | Active | €750,000 | €4,717 | 0.2% | 72 | 72 |
| Quarteira · 23f3e9 | Active | €595,000 | €3,940 | 16.3% | 85 | 68 |
| Median comp | €672,500 | €4,079 | 13.4% | 77 | 70 |
Short-term vacation rental The property presents an opportunity for short-term vacation rental; however, with a fair value of €432,303 and a listing price of €499,000, it is clearly overpriced by 15.4%. This pricing reduces the potential yield below competitive rates in a tourism-driven market, which may deter potential renters. Buy-and-hold As a buy-and-hold investment, this apartment carries a yield of 4.5%, but the significant gap from fair value signals caution for long-term investors. With the property overvalued at €499,000, the projected appreciation may not justify the initial investment. Family rental The apartment is suitable for family rental due to its ample size and neighborhood safety; however, it is currently overpriced by 15.4%. This elevated price relative to fair value could limit demand from families seeking affordable housing options in the Quarteira area.
Economic Dependence Risk The property's economic stability score of 65 indicates potential fluctuations in the local economy, which may impact tenant retention and rental income reliability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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