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, 1-bathroom apartment of 80 m² on the 2nd floor. Located on caminho da Lebre, 9, Quarteira parish, Loulé municipality, Faro district. Noteworthy Features: The apartment retains original vintage *floral tiling* in the bathroom, and the terracotta-style floor tiles suggest a *retro charm* that appeals to certain buyers.
The valuation. The asking price of €280,000 is below the fair value of €319,160, resulting in an advantageous price gap of €39,160 (12.3%). This property is considered underpriced within the current market context.
Fair value modelled at €319,160 from 6 comparable sales in the area. Asking €280,000 sits €39,160 (12.3%) below — the upside to fair value.
Asking €280,000 versus the caminho da Lebre, 9 area baseline of €346,667 (€4,333/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €346,667, adjusted for condition and micro-location, gives a modelled fair value of €319,160 (€3,989/m²), a €39,160 (12.3%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| caminho da Lebre, 9 | Subject | €280,000 | €3,500 | — | 60 | 74 |
| Quarteira · 2cdefc | Active | €320,000 | €3,596 | 2.7% | 65 | 69 |
| Quarteira · 2fcd68 | Active | €320,000 | €3,765 | 7.6% | 65 | 66 |
| Quarteira · 483de6 | Active | €295,000 | €4,214 | 20.4% | 63 | 70 |
| Quarteira · 1e6627 | Active | €529,500 | €4,728 | 35.1% | 65 | 69 |
| Median comp | €320,000 | €3,990 | 14.0% | 65 | 69 |
Short-term vacation rental This 2-bed apartment in Quarteira, priced at €280,000, is undervalued by approximately 12.3%, making it a compelling option for the short-term vacation rental market. With a gross yield of 4.8% and its proximity to popular Algarve attractions, it is well-positioned to attract seasonal tourists. Long-term rental The property’s listing price of €280,000 presents a favorable opportunity for long-term rental, considering its fair value stands at €319,160, indicating potential for rental income growth. The decent condition score of 63/100 enhances its appeal to quality tenants seeking stable housing in a low-crime area. Buy-and-hold Investing in this property at €280,000, which is priced below its fair value, suggests a solid buy-and-hold strategy in a strong tourism-driven market. The combination of a 4.8% gross yield and positive neighborhood ratings indicates potential long-term value appreciation for investors. Not ideal for student housing Due to the apartment's characteristics and the area's rental demand dynamics, it is not suited for student housing investments. The family-oriented community and vacation rental preference in Quarteira make other tenant profiles more appealing. Not ideal for industrial development The location’s strong tourism appeal and the residential nature of the neighborhood do not support plans for industrial development. Potential zoning limitations and community needs suggest a mismatch between this property and industrial use. Not ideal for luxury market Given its pricing and neighborhood ratings, targeting the luxury market for this apartment is not a viable strategy. The property’s overall condition and the current competitive landscape do not align with high-end buyer expectations.
Economic Volatility Risk The economic stability score of 65/100 suggests potential fluctuations in the market that could impact property values and rental income.
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