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 50 m² on the 2nd floor, built in 1978, energy rating D. Located on rua Vasco da Gama, Quarteira parish, Loulé municipality, Faro district. Noteworthy Features: The apartment features an extensive built-in wooden cabinetry and a modern bathroom with mosaic tiles, enhancing both storage and aesthetic appeal.
The valuation. The asking price of €240,000 sits €24,151 (9.1%) below the fair value of €264,151, indicating that this property is priced fairly within the market range.
Fair value modelled at €264,151 from 6 comparable sales in the area. Asking €240,000 sits €24,151 (9.1%) below — the upside to fair value.
Asking €240,000 versus the rua Vasco da Gama area baseline of €263,227 (€5,265/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 is below the parish average, reducing 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 €263,227, adjusted for condition and micro-location, gives a modelled fair value of €264,151 (€5,283/m²), a €24,151 (9.1%) gap versus the €240,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Vasco da Gama | Subject | €240,000 | €4,800 | — | 68 | 73 |
| Quarteira · f5eab3 | Active | €320,000 | €5,000 | 4.2% | 72 | 69 |
| Quarteira · 57faad | Active | €310,000 | €4,844 | 0.9% | 65 | 64 |
| Quarteira · 33bc91 | Active | €310,000 | €5,636 | 17.4% | 70 | 70 |
| rua da Alemanha | Active | €290,000 | €4,833 | 0.7% | 66 | 73 |
| Median comp | €310,000 | €4,922 | 2.5% | 68 | 70 |
Short-term vacation rental The property offers a gross yield of 4.2%, which is in line with typical returns in the Algarve region, making it a reasonable investment for short-term rentals. Given its fair value and the property's condition and location, it can cater well to tourists seeking accommodations in a vibrant coastal area. Long-term rental With a neighborhood rating of 73/100 and a solid fair value assessment, this apartment is poised to attract stable long-term tenants, ensuring a steady income stream. The property’s condition rating of 72/100 aligns with the needs of renters looking for a comfortable living experience in the Algarve. Buy-and-hold As the market in Quarteira aligns with tourism trends, holding this property could yield appreciation over time, safeguarded by its fair valuation. While appreciation potential exists, investors should be mindful of the current pricing which reflects a fair market condition rather than an undervalued opportunity.
Economic Vulnerability With an economic stability score of 65/100, the area may face fluctuations that could jeopardize consistent rental income or property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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