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.
1-bedroom, 1-bathroom apartment of 51 m² on the 2nd floor, built in 1984. Located on avenida do Parque, 2, Quarteira parish, Loulé municipality, Faro district. This property boasts a private balcony offering unobstructed views over the surrounding greenery, enhancing the tranquil atmosphere of the Nautilus Apartments condominium.
The valuation. The asking price of €350,000 is slightly below the fair value of €362,152, placing it within a fair valuation range with a difference of €12,152, or 3.4%. Buy-to-flip angle. This property can be positioned for resale at a higher price after minor renovations, leveraging its high-quality finishes. The potential lies in appealing to buyers seeking modern aesthetics in a desirable location. Buy-to-let angle. With an estimated rental income of €933 per month, the property offers a gross yield of 3.2%, making it an attractive option for long-term rental investors. Its location in a tourist zone enhances its rental appeal.
Fair value modelled at €362,152 from 6 comparable sales in the area. Asking €350,000 sits €12,152 (3.4%) below — the upside to fair value.
Asking €350,000 versus the avenida do Parque, 2 area baseline of €357,595 (€7,012/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 above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €357,595, adjusted for condition and micro-location, gives a modelled fair value of €362,152 (€7,101/m²), a €12,152 (3.4%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida do Parque, 2 | Subject | €350,000 | €6,863 | — | 75 | 73 |
| estrada da Rocha Baixinha, 273 | Active | €297,000 | €4,433 | 35.4% | 75 | 70 |
| rua da Áustria, 4 | Active | €380,000 | €7,600 | 10.7% | 75 | 62 |
| Quarteira · 653066 | Active | €320,000 | €7,111 | 3.6% | 70 | 74 |
| Quarteira · 08ff33 | Active | €380,000 | €7,917 | 15.4% | 80 | 69 |
| Median comp | €350,000 | €7,356 | 7.2% | 75 | 70 |
Short-term vacation rental This property, located in the Algarve's tourist zone, has a fair value closely aligned with its listing price, suggesting a competitive position for short-term rentals. The gross yield of 3.2% indicates a stable return, yet it may not be optimal given the reliance on seasonal tourism employment. Family rental The apartment’s condition rating of 78/100 and a neighbourhood score of 73/100 make it a reasonable option for family rentals in the area. However, the matching of its listing price with the fair market value indicates that there may be limited potential for significant rental income growth. Buy-and-hold With a fair valuation noted at €362,152, this property presents a stable investment environment for a buy-and-hold strategy within a tourist-heavy locale. The 3.2% yield reflects modest returns in line with market expectations, underscoring the property's position as fairly priced rather than a significant opportunity. Not ideal for: Student housing, Luxury market
Economic Vulnerability The economic stability score of 65/100 suggests potential volatility that could negatively impact property value and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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