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 86 m² on the 1st floor, built in 1994, energy rating C. Located Quarteira parish, Loulé municipality, Faro district. Noteworthy features: This apartment includes two balconies providing outdoor space, along with a garage and additional storage, enhancing both convenience and functionality in a prime location.
The valuation. The asking price of €489,000 is above the fair value of €472,117 by €16,883 (3.6%). Despite this slight premium, the property is considered fairly priced within its market context.
Fair value modelled at €472,117 from 6 comparable sales in the area. Asking €489,000 sits €16,883 (3.6%) above — overpriced versus fair value.
Asking €489,000 versus the Quarteira, Loulé, Faro area baseline of €473,145 (€5,502/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €473,145, adjusted for condition and micro-location, gives a modelled fair value of €472,117 (€5,490/m²), a €16,883 (3.6%) gap versus the €489,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quarteira · 3a7172 | Subject | €489,000 | €5,686 | — | 80 | 63 |
| Quarteira · 1f35b8 | Active | €398,000 | €6,030 | 6.1% | 75 | 66 |
| praça Cupertino Miranda | Active | €320,000 | €5,818 | 2.3% | 75 | 78 |
| Quarteira · 4a4482 | Active | €494,000 | €5,093 | 10.4% | 75 | 71 |
| avenida da Marina | Active | €580,000 | €5,088 | 10.5% | 78 | 68 |
| Median comp | €446,000 | €5,456 | 4.1% | 75 | 70 |
Short-term vacation rental The property’s fair value of €472,117 suggests that the listing price of €489,000 aligns closely with current market expectations, resulting in a fair valuation for a short-term rental. The strong tourism appeal in coastal Algarve could yield a reasonable gross yield of 3.7%, reflecting steady demand for vacation accommodation. Long-term rental With a fair value of €472,117 and a listing price marginally higher at €489,000, this apartment's pricing is consistent with neighborhood trends, indicating a stable long-term rental opportunity. The property’s decent condition score of 78/100 suggests it will attract quality tenants despite the general neighborhood rating of 63/100. Buy-and-hold The listing price of €489,000 is fairly positioned against a fair value of €472,117, making it a reasonable buy-and-hold investment without significant price appreciation prospects. The expected gross yield of 3.7% combined with stable demand in this coastal area further supports the rationale for holding this property as part of a diversified investment portfolio.
Economic Volatility Risk The economic stability score of 55/100 suggests a moderate risk of economic fluctuations impacting property value and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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