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 129 m² on the 1st floor, built in 2002, energy rating C. Located on rua das Cássias, 5, Quarteira parish, Loulé municipality, Faro district. This property features a spacious balcony overlooking the lush gardens and pools of the private condominium, enhancing outdoor living and relaxation options.
The valuation. The asking price of €850,000 is significantly above its fair value of €710,172, resulting in an excess of €139,828 (19.7%). This property is considered overpriced based on current market conditions.
Fair value modelled at €685,300 from 6 comparable sales in the area. Asking €750,000 sits €64,700 (9.4%) above — overpriced versus fair value.
Asking €750,000 versus the rua das Cássias, 5 area baseline of €655,185 (€5,079/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €655,185, adjusted for condition and micro-location, gives a modelled fair value of €685,300 (€5,312/m²), a €64,700 (9.4%) gap versus the €750,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Cássias, 5 | Subject | €750,000 | €5,814 | — | 82 | 75 |
| Quarteira · fb291d | Active | €650,000 | €6,633 | 14.1% | 74 | 72 |
| caminho do Lago, 4 | Active | €469,000 | €4,737 | 18.5% | 80 | 81 |
| rua do Brasil | Active | €795,000 | €5,096 | 12.3% | 91 | — |
| caminho das Alfarrobeiras | Active | €610,000 | €5,495 | 5.5% | 88 | 71 |
| Median comp | €630,000 | €5,296 | 8.9% | 84 | 72 |
Short-term vacation rental The property is overpriced at €850,000 compared to its fair value of €710,172, creating a valuation gap of 19.7%. While the Algarve's tourism impact can drive demand, the gross yield of 3% suggests limited profitability for a short-term rental strategy. Buy-and-hold Despite the potential for long-term appreciation due to the desirable location, the property’s current price exceeds fair value significantly. The combination of a gross yield of only 3% and a fair value gap of 19.7% indicates that this investment might not generate sufficient returns over time. Family rental The high listing price of €850,000 renders this property an unrealistic option for family rentals, as it is materially overpriced compared to its fair value of €710,172. With a condition rating of 78/100, potential maintenance costs could further diminish the appeal for long-term family tenants. Student housing This strategy is not ideal due to the property being overpriced, making it unattainable for student rental markets. The high price point does not align with the economic profile and quality of tenant typically attracted to student housing. Industrial investment The property in question is not an appropriate choice for industrial investment, particularly given its classification as overpriced. The mismatch between property type and intended industrial use highlights an inappropriate investment decision in this context.
Economic dependency risk: With an economic stability score of 70/100, there is a moderate risk that local economic fluctuations could impact tenant demand 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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