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, 3-bathroom apartment of 190 m², built in 2006, energy rating C. Located Quarteira parish, Loulé municipality, Faro district. Notable Features: This apartment boasts a large balcony ideal for dining and relaxation, complemented by serene views of the meticulously maintained tropical gardens surrounding the Palmyra condominium.
The valuation. The asking price of €770,000 is slightly above the fair value of €737,556, indicating an excess of €32,444 (4.4%). Despite this minor premium, the property aligns closely with market expectations. Buy-to-flip angle. Targeting a short-term flip may be viable given the property’s attractive finishes and proximity to the tourist area, enabling potential investors to capitalize on seasonal demand spikes. Buy-to-let angle. With a gross yield of 3.9%, generating approximately €2,502 per month in rental income, the property presents a stable buy-and-hold investment. The appealing location enhances its attractiveness for long-term rentals.
Fair value modelled at €737,556 from 6 comparable sales in the area. Asking €770,000 sits €32,444 (4.4%) above — overpriced versus fair value.
Asking €770,000 versus the Quarteira, Loulé, Faro area baseline of €718,663 (€3,782/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €718,663, adjusted for condition and micro-location, gives a modelled fair value of €737,556 (€3,882/m²), a €32,444 (4.4%) gap versus the €770,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Quarteira · 57fa17 | Subject | €770,000 | €4,053 | — | 75 | 73 |
| Quarteira · 5e638f | Active | €1,175,000 | €4,123 | 1.7% | 76 | 71 |
| estrada de Vale Judeu | Active | €675,000 | €3,571 | 11.9% | 75 | 76 |
| rua de Volta dos Choupos | Active | €630,000 | €4,737 | 16.9% | 73 | 70 |
| Quarteira · 28b98c | Active | €725,000 | €3,940 | 2.8% | 80 | 69 |
| Median comp | €700,000 | €4,032 | 0.5% | 76 | 71 |
Short-term vacation rental The property is well-positioned near a popular tourist area in Algarve, making it suitable for generating income through seasonal vacation rentals. However, with a gross yield of 3.9%, the returns may not justify the listing price of €770,000, indicating a fair valuation that limits investment upside. Buy-and-hold Holding this property for the long term could provide stable rental income given the favourable location; however, the fair valuation of €770,000 suggests limited price appreciation potential. The reasonable condition score of 81/100, combined with a strong appeal to both tourists and eventual buyers, could maintain its value over time, though competition in the area may impact returns. Family rental This apartment is spacious and well-rated, making it appealing for families seeking medium to long-term rentals, yet its listing price reflects a valuation that aligns closely with fair market value. With a neighborhood quality rating of 73/100, it offers adequate amenities and tenant quality, but potential yield could be constrained due to the current pricing dynamics. Not ideal for: Student housing and value-add renovation strategies are not suitable for this property, as its fair valuation limits the scope for typical student rental premiums or significant renovation profit margins.
Tenant turnover risk High tenant turnover could be a concern due to a slightly lower tenant stability score of 75/100, indicating potential challenges in maintaining consistent occupancy rates.
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