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 penthouse of 183 m² on the 3rd floor, built in 2005, energy rating C. Located on rua Volta das Romanzeiras, Quarteira parish, Loulé municipality, Faro district. This penthouse provides an unobstructed view of the golf course and sea, emphasizing total privacy with no nearby buildings obstructing the serene landscape.
The valuation. The asking price of €1,175,000 sits significantly above the fair value of €993,407, indicating an overpriced property by €181,593 (18.3%). It is unlikely to yield a favorable investment return at this price point.
Fair value modelled at €993,407 from 6 comparable sales in the area. Asking €1,175,000 sits €181,593 (18.3%) above — overpriced versus fair value.
Asking €1,175,000 versus the rua Volta das Romanzeiras area baseline of €928,142 (€5,072/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €928,142, adjusted for condition and micro-location, gives a modelled fair value of €993,407 (€5,428/m²), a €181,593 (18.3%) gap versus the €1,175,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Volta das Romanzeiras | Subject | €1,175,000 | €6,421 | — | 80 | 65 |
| Quarteira · cc99ba | Active | €600,000 | €5,263 | 18.0% | 82 | 70 |
| rua do Brasil | Active | €895,000 | €5,594 | 12.9% | 78 | 70 |
| rua Volta das Romanzeiras | Active | €595,000 | €6,398 | 0.4% | 78 | 73 |
| Quarteira · fb291d | Active | €650,000 | €6,633 | 3.3% | 74 | 72 |
| Median comp | €625,000 | €5,996 | 6.6% | 78 | 71 |
Short-term vacation rental The 3-bed penthouse in Quarteira is overpriced by 18.3% compared to its fair value, making it a less attractive option for conversion into a short-term vacation rental. With a gross yield of only 2.6%, the financial return does not justify the high purchase price in this competitive market. Long-term rental Although the rental demand in Algarve is influenced by tourism, the €1,175,000 listing price for this property is above its fair value, indicating it may not yield sufficient returns for long-term rental investors. The property’s gross yield of 2.6% further suggests that the investment may not generate the expected cash flow, leading to cautious consideration. Buy-and-hold Investors looking at a buy-and-hold strategy should reconsider this penthouse due to its current pricing being 18.3% above fair value, which diminishes the likelihood of appreciating in line with market expectations. The potential for slower returns, reflected in the 2.6% yield, raises concerns about whether holding this asset long-term will meet investment goals.
Economic and Tenant Instability Risk With both economic stability and tenant stability scores at 60/100, there is a heightened risk of tenant turnover and economic downturn impacting rental income predictability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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