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, 4-bathroom apartment of 451 m² on the 3rd floor, built in 1900, energy rating B. Located on autoestrada A22, Quarteira parish, Loulé municipality, Faro district. This apartment features an expansive terrace that includes a plunge pool and hot tub, enhancing the luxurious outdoor living experience with marina views.
The asking price of €2,400,000 is significantly above our estimated fair value of €819,000, reflecting a gap of €1,581,000. Confidence in this fair value is low. The estimated gross yield is approximately 6.6%, which equates to ~€13,200 monthly before costs and vacancy.
The property's fair value is derived from two models. The first, the Transaction model, analyzes 616 recorded sales in Quarteira to establish market standards. The second, the Adjusted asking-price model, uses current listings adjusted to sale levels. By combining these models equally, we apply conservative adjustments based on area and composition, leading to a fair value of €819,000. Given that the asking price is €2,400,000, the asking price is above the fair value, suggesting a significant gap of €1,581,000, or 65.9% downside from the asking price. Confidence in this evaluation is low.
Gross yield 6.6% (before costs)
No specific strategy stands out for this property.
Negotiation room: Negotiation context: asking prices in this municipality run about 16% above what similar homes actually sell for, so there is usually room to negotiate
The asking price of €2,400,000 significantly exceeds the fair value of €819,000, indicating a substantial downside of 65.9%. Additionally, while the condition of the property scores a solid 82/100, the neighborhood is rated only 50/100, which could impact future pricing and desirability. Investors should consider these factors carefully before proceeding, as the property appears to be overpriced based on the available data.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk: With both economic stability and tenant stability scores at 50/100, the area may experience instability, affecting occupancy rates and rental income. Data quality risk: The findings indicate that the area is implausible and the listings of this property do not agree, which suggests unreliable information that could impact investment decisions. Fair value certainty risk: The valuation of €819,000 comes with low confidence, as there is a gap of more than the tolerance between the two estimates and real transaction data for the micro-location is unavailable.
Findings: 2
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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