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, 2-bathroom apartment of 130 m² on the 0th floor, built in 1900, energy rating B. Located on avenida dos Descobrimentos, Quarteira parish, Loulé municipality, Faro district. Noteworthy Features: This apartment includes a direct lift access from the secure underground car park and offers unique 50% discounts on all Vilamoura Golf Courses until 2039.
The valuation. The asking price of €500,000 is positioned 9.0% below the fair value of €549,225, indicating that the property is fairly priced in the current market. This favorable positioning suggests no immediate financial barriers for potential investors.
Fair value modelled at €549,225 from 4 comparable sales in the area. Asking €500,000 sits €49,225 (9.0%) below — the upside to fair value.
Asking €500,000 versus the avenida dos Descobrimentos area baseline of €506,239 (€3,894/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 €506,239, adjusted for condition and micro-location, gives a modelled fair value of €549,225 (€4,225/m²), a €49,225 (9.0%) gap versus the €500,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida dos Descobrimentos | Subject | €500,000 | €3,846 | — | 84 | 71 |
| Quarteira · 3a710c | Active | €495,000 | €3,486 | 9.4% | 70 | 70 |
| Quarteira · 4a8032 | Active | €550,000 | €4,264 | 10.9% | 75 | 72 |
| avenida dos Descobrimentos | Active | €540,000 | €4,186 | 8.8% | 75 | 72 |
| rua de Volta da Garça | Active | €470,000 | €5,875 | 52.8% | 70 | 72 |
| Median comp | €517,500 | €4,225 | 9.9% | 73 | 72 |
Short-term vacation rental With a gross yield of 4.5% and proximity to popular Algarve tourist attractions, this property has the potential to attract seasonal tourists seeking accommodation. However, with a fair value of €549,225 and listing at €500,000, the property is fairly priced, limiting immediate profit potential in a competitive rental market. Buy-and-hold Holding this property could yield steady income, supported by its decent condition rating of 80/100 and acceptable neighborhood rating of 71/100. Nevertheless, with fair pricing at €500,000 compared to a fair value of €549,225, the investment return may not be maximized in the long term. Family rental Targeting families for rental could be effective, given the decent neighborhood amenities and economic stability associated with seasonal tourism. However, priced fairly at €500,000 against a fair value of €549,225, investors should be cautious of growth potential in this particular segment.
Economic Vulnerability With an economic stability score of 65/100, there is a moderate risk of economic fluctuations impacting property values 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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