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, 3-bathroom apartment of 170 m², built in 2020, energy rating B. Located on rua dos Descobrimentos, Boliqueime parish, Loulé municipality, Faro district. Noteworthy Features: The apartment features expansive outdoor terraces perfect for al fresco dining and direct access to communal gardens and a pool, enhancing outdoor living experiences.
The valuation. The asking price of €670,000 is significantly below the fair value of €959,696, representing a discount of €289,696 or 30.2%. This property is therefore considered subvalued in the current market conditions.
Fair value modelled at €959,696 from 6 comparable sales in the area. Asking €670,000 sits €289,696 (30.2%) below — the upside to fair value.
Asking €670,000 versus the rua dos Descobrimentos area baseline of €839,253 (€4,937/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €839,253, adjusted for condition and micro-location, gives a modelled fair value of €959,696 (€5,645/m²), a €289,696 (30.2%) gap versus the €670,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua dos Descobrimentos | Subject | €670,000 | €3,941 | — | 76 | 73 |
| Quarteira · 788143 | Active | €649,000 | €5,643 | 43.2% | 80 | 71 |
| Quarteira · 57fadb | Active | €550,000 | €5,914 | 50.1% | 80 | 71 |
| Quarteira · 4a803d | Active | €695,000 | €6,814 | 72.9% | 78 | 69 |
| Quarteira · 78814b | Active | €480,000 | €5,647 | 43.3% | 76 | 69 |
| Median comp | €599,500 | €5,781 | 46.7% | 79 | 70 |
Short-term vacation rental The 2-bed apartment in Boliqueime presents a strong opportunity for short-term vacation rentals due to its location in the Algarve, a region with high tourism demand. With a fair value gap of 30.2%, potential returns can significantly outpace traditional rental yields. Buy-and-hold Considering the fair value of €959,696 compared to the listing price of €670,000, this property represents an attractive long-term investment. The growth potential in a tourist-focused area like Boliqueime supports a solid buy-and-hold strategy for future appreciation. Family rental While not ideal for student housing due to lower school infrastructure, this 2-bed apartment can serve families in search of a residential option in the Algarve. Owning property below fair market value can yield advantageous benefits in a well-rated neighborhood that is appealing to families. Not ideal for student housing The 2-bed apartment is not well-suited for student housing, as the school infrastructure in Boliqueime is less developed than in urban centers. This limitation underscores the need for a focus on other rental markets, such as family or vacation rentals.
Economic Exposure The economic stability score of 70 indicates moderate vulnerability to economic downturns, which could impact tenant retention and rental income.
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