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 129 m², built in 2009, energy rating B. Located on avenida dos Descobrimentos, Quarteira parish, Loulé municipality, Faro district. This apartment's accessibility is enhanced by its proximity to the Victoria golf course, providing residents immediate access to premier golf facilities and scenic views.
The valuation. The asking price of €510,000 sits €30,000 (5.6%) below the fair value of €540,000, indicating the property is priced fairly. This valuation reflects current market conditions and comparable sales in the area.
Fair value modelled at €540,000 from 5 comparable sales in the area. Asking €510,000 sits €30,000 (5.6%) below — the upside to fair value.
Asking €510,000 versus the avenida dos Descobrimentos area baseline of €499,393 (€3,871/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 €499,393, adjusted for condition and micro-location, gives a modelled fair value of €540,000 (€4,186/m²), a €30,000 (5.6%) gap versus the €510,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida dos Descobrimentos | Subject | €510,000 | €3,953 | — | 82 | 70 |
| Quarteira · 4a8032 | Active | €550,000 | €4,264 | 7.8% | 75 | 72 |
| Quarteira · 3a710c | Active | €495,000 | €3,486 | 11.8% | 70 | 70 |
| caminho da Fonte do Ulme | Active | €749,000 | €4,406 | 11.4% | 85 | 66 |
| avenida dos Descobrimentos | Active | €649,000 | €3,840 | 2.9% | 80 | 64 |
| Median comp | €599,500 | €4,052 | 2.5% | 78 | 68 |
Short-term vacation rental The property in Quarteira holds fair value at €540,000, presenting a gross yield of 4.4% that aligns well with the high demand for vacation rentals in the tourist-driven Algarve region. However, with the current listing price of €510,000, competing options may offer better yield potential despite the solid rental market. Long-term rental The apartment's fair valuation and gross yield of 4.4% indicate it could perform adequately as a long-term rental option, appealing to residents in a high-safety and amenity-rich neighbourhood. Nevertheless, with a gap of 5.6% to fair value, there are likely more attractive properties in the market for long-term tenants. Buy-and-hold Holding onto the Quarteira property could yield stable returns given the region’s economic support through tourism; however, with the current pricing seen as fair, future appreciation might not significantly exceed current valuations. The moderate condition score of 80/100 suggests maintenance will be necessary to maximize long-term appreciation in this desirable area.
Economic Vulnerability The economic stability score of 65/100 indicates potential fluctuations in market conditions that could impact 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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