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 duplex of 141 m², built in 2006, energy rating C. Located on rua da Hortelã, 119, Silves parish, Silves municipality, Faro district. Property Highlights: This duplex features double windows that enhance thermal and acoustic insulation, and a closed garage equipped with electrical connections, adding functionality for electric vehicle owners.
The valuation. The asking price of €295,000 sits €34,109 (11.6%) above the fair value of €260,891, signaling that the property is overpriced for investors looking for equity in their investment. Buy-to-flip angle. A buy-and-flip strategy could aim for renovations to enhance aesthetics and functionality, but given the current pricing, achieving a profitable resale might be challenging. Buy-to-let angle. Current market conditions suggest a buy-to-let approach may struggle, as the property shows a gross yield of 0%, indicating no immediate rental income potential in its current state.
Fair value modelled at €260,891 from the area baseline, adjusted for condition and location. Asking €295,000 sits €34,109 (11.6%) above — overpriced versus fair value.
Asking €295,000 versus the rua da Hortelã, 119 area baseline of €362,934 (€2,574/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 70 · Materials 78 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua da Hortelã, 119
Area baseline €362,934 + condition -€1,542 + location +€20,336 = modelled fair value of €260,891 (€1,850/m²), a €34,109 (11.6%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Hortelã, 119 | Subject | €295,000 | €2,092 | — | 70 | 71 |
| Silves · f35ea5 | Active | €295,000 | €2,757 | 31.8% | 78 | 67 |
| rua Cruz de Portugal S / N | Active | €295,000 | €3,352 | 60.2% | 78 | 63 |
| Silves · 93745d | Active | €1,600,000 | €4,790 | 129.0% | 80 | 71 |
| rua Doutor Nobre de Oliveira, 15 | Active | €250,000 | €2,381 | 13.8% | 55 | 63 |
| Median comp | €295,000 | €3,055 | 46.0% | 78 | 65 |
Short-term vacation rental The property is priced at €295,000 while the fair value is €260,891, reflecting an 11.6% gap that indicates a significant overpricing in the current market. Given its gross yield of 0% and average condition ratings, this strategy is unlikely to generate satisfactory returns in the competitive vacation rental market of Silves. Buy-and-hold At a listing price of €295,000, the property is overpriced compared to its fair valuation of €260,891, meaning potential long-term appreciation may not compensate for the initial investment. With a substantial gap in value and a low yield, this buy-and-hold approach is not advisable in the currently inflated pricing environment. Family rental The listing price of €295,000 is above the fair value of €260,891, suggesting that this property does not offer an attractive proposition for family rental use. Coupled with its low yield and average neighborhood conditions, investing in this property for family rentals may lead to unfavorable cash flow scenarios.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk, suggesting potential fluctuations in market conditions that could impact returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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