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.
3-bedroom, 2-bathroom apartment of 105 m², energy rating D. Located on rua Doutor Nobre de Oliveira, 15, Silves parish, Silves municipality, Faro district. Noteworthy Features: This apartment includes a closed balcony pantry that enhances storage options and maximizes utility in a compact space, while its central location offers excellent accessibility to essential services.
The valuation. The asking price of €250,000 is significantly above the fair value of €156,027, resulting in an overpriced assessment of €93,973 (37.6%). This discrepancy suggests limited opportunity for appreciation. Buy-to-flip angle. A buy-to-flip strategy could involve making cosmetic upgrades to enhance appeal, targeting a resale post-renovation at a margin above the current overpriced listing. This could leverage the seasonal tourism influx in Algarve. Buy-to-let angle. The rental income strategy anticipates gross yield of 4.6%, estimating around €958 monthly, appealing to long-term tenants in a tourist-driven market. This positions the property within the family rental sector.
Fair value modelled at €156,027 from the area baseline, adjusted for condition and location. Asking €250,000 sits €93,973 (37.6%) above — overpriced versus fair value.
Asking €250,000 versus the rua Doutor Nobre de Oliveira, 15 area baseline of €270,270 (€2,574/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 (Condition 55 · Materials 50 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 63/100 (Housing Market 70 · Amenities 60 · Economic 60 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Doutor Nobre de Oliveira, 15
Area baseline €270,270 + condition -€33,633 + location +€9,375 = modelled fair value of €156,027 (€1,486/m²), a €93,973 (37.6%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Nobre de Oliveira, 15 | Subject | €250,000 | €2,381 | — | 55 | 63 |
| Silves · f35ea5 | Active | €295,000 | €2,757 | 15.8% | 78 | 67 |
| rua da Hortelã, 119 | Active | €295,000 | €2,092 | 12.1% | 70 | 71 |
| largo dos Mártires da Pátria | Active | €280,000 | €2,887 | 21.2% | 72 | 68 |
| Silves · 03248f | Active | €255,000 | €2,684 | 12.7% | 72 | 71 |
| Median comp | €287,500 | €2,721 | 14.3% | 72 | 70 |
Short-term vacation rental The property in Silves is overpriced at €250,000, which is significantly higher than the fair value of €156,027, showcasing a 37.6% gap. With a gross yield of 4.6% and a condition rating of 55/100, this apartment is unlikely to deliver satisfactory returns in the competitive short-term rental market. Buy-and-hold Given the property’s price of €250,000, it is clearly overpriced compared to its fair value of €156,027, leading to a significant valuation gap of 37.6%. While the location in Algarve is attractive, the lower condition and yield of 4.6% suggest that long-term holding may not provide the anticipated financial benefits. Family rental At €250,000, the family rental potential of this apartment is diminished by its overpriced status against a fair value of €156,027, indicating a 37.6% premium. The neighborhood score of 63/100 and the apartment's condition of 55/100 suggest that this investment may not attract reliable tenants willing to pay a premium for rent in this competitive environment.
Economic and Tenant Instability Risk: With both economic and tenant stability scores at 60/100, there is a significant risk of financial volatility and potential vacancy issues that could affect rental income.
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