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.
4-bedroom, 3-bathroom penthouse of 226 m² on the 2nd floor, built in 1995, energy rating D. Located on avenida Engenheiro João Meireles S / N, Quarteira parish, Loulé municipality, Faro district. Noteworthy Features: The penthouse boasts a vast 95.30 m² terrace with an outdoor dining area, grill, and stunning unobstructed sea views, perfect for entertaining or relaxation.
The valuation. The asking price of €950,000 is €40,306 (4.4%) above the fair value of €909,694. This positions the property as a fair investment opportunity, reflecting reasonable market expectations.
Fair value modelled at €909,694 from 6 comparable sales in the area. Asking €950,000 sits €40,306 (4.4%) above — overpriced versus fair value.
Asking €950,000 versus the avenida Engenheiro João Meireles S / N area baseline of €861,221 (€3,811/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 €861,221, adjusted for condition and micro-location, gives a modelled fair value of €909,694 (€4,025/m²), a €40,306 (4.4%) gap versus the €950,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Engenheiro João Meireles S / N | Subject | €950,000 | €4,204 | — | 78 | 70 |
| Quarteira · 6fb937 | Active | €649,000 | €4,160 | 1.0% | 74 | 71 |
| Quarteira · 5ed097 | Active | €590,000 | €3,711 | 11.7% | 78 | 61 |
| rua do Ribeiro | Active | €485,000 | €4,110 | 2.2% | 70 | 72 |
| Quarteira · 5b87ce | Active | €535,000 | €3,664 | 12.8% | 75 | 68 |
| Median comp | €562,500 | €3,911 | 7.0% | 75 | 70 |
Short-term vacation rental While the property is ideally located close to Albufeira, a major tourist destination, its fair value suggests that the current listing may not offer sufficient returns for a short-term vacation rental strategy. With a gross yield of 0%, investors may find it challenging to achieve profitable occupancy rates in this market. Buy-and-hold Given the property’s fair value positioning with only a 4.4% gap from its fair value, long-term investment returns may not justify the cost of acquisition. The lack of yield combined with average neighborhood ratings suggests that holding this asset may result in stagnated capital appreciation. Value-add renovation Investing in a value-add renovation could enhance rental potential in the long run; however, the current valuation indicates that the property may not present the best opportunity for immediate uplift. Additionally, considering its 78/100 condition rating, the cost of renovations may outweigh the benefits in a fair market scenario.
Economic vulnerability With an economic stability score of 60/100, there is a risk of economic downturn affecting property values and tenant demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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