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 76 m², built in 1998, energy rating F. Located on jardim do Golfe, 9, Quarteira parish, Loulé municipality, Faro district. Noteworthy Features: The apartment includes an expansive private garden of 150m² with a built-in BBQ, enhancing outdoor living and entertainment options within a secure condominium environment.
The valuation. The asking price of €399,000 sits 10.9% above the fair value of €359,682, indicating the property is overpriced by €39,318. This discrepancy suggests potential buyers should approach with caution.
Fair value modelled at €359,682 from 6 comparable sales in the area. Asking €399,000 sits €39,318 (10.9%) above — overpriced versus fair value.
Asking €399,000 versus the jardim do Golfe, 9 area baseline of €341,527 (€4,494/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 €341,527, adjusted for condition and micro-location, gives a modelled fair value of €359,682 (€4,733/m²), a €39,318 (10.9%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| jardim do Golfe, 9 | Subject | €399,000 | €5,250 | — | 78 | 71 |
| Quarteira · 65a71e | Active | €380,000 | €5,000 | 4.8% | 74 | 70 |
| Quarteira · 5e641e | Active | €595,000 | €4,837 | 7.9% | 80 | 69 |
| caminho Corgo da Colmeia | Active | €695,000 | €5,265 | 0.3% | 78 | 64 |
| rua das Amoreiras S / N | Active | €549,000 | €4,613 | 12.1% | 75 | 71 |
| Median comp | €572,000 | €4,919 | 6.3% | 77 | 70 |
Short-term vacation rental While the short-term vacation rental market in Quarteira is solid due to its prime Algarve location, the property is overpriced with a listing price of €399,000 compared to a fair value of €359,682. This 10.9% gap raises concerns about the potential yield of 3.2%, which may not justify the investment risk in a predominantly seasonal tourism driven economy. Buy-and-hold Investing in this property as a buy-and-hold strategy presents challenges given its 10.9% pricing premium over fair value, making the €399,000 asking price seem overly high relative to the €359,682 fair value. Moreover, with a gross yield of just 3.2%, the long-term return prospects appear limited in a market where employment relies heavily on transient tourism. Value-add renovation Considering the potential for value-add renovation, the current asking price of €399,000 is concerning, as it overshoots the fair value of €359,682 by 10.9%, suggesting the renovation investments may not yield sufficient returns. The property’s condition rating of 78/100 indicates it could benefit from upgrades, but the already inflated price complicates the financial rationale for such enhancements.
Economic and Tenant Risk The property is at risk due to both an economic stability score and tenant stability score of 65/100, indicating potential vulnerabilities in income stability and tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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