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 60 m², built in 1974, energy rating D. Located on avenida General Humberto Delgado, Armação de Pêra parish, Silves municipality, Faro district. This property features stunning sea views and is just steps from the beach, offering exceptional potential for customization and value appreciation.
The valuation. The asking price of €298,000 is significantly above the fair value of €103,898, representing a disparity of €194,102 (65.1%). This property is clearly overpriced, making it an unwise investment choice.
Fair value modelled at €94,289 from the area baseline, adjusted for condition and location. Asking €298,000 sits €203,711 (68.4%) above — overpriced versus fair value.
Asking €298,000 versus the avenida General Humberto Delgado area baseline of €103,020 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 53/100 (Condition 50 · Materials 55 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit. Full condition report →
Neighbourhood score 80/100 (Housing Market 80 · Amenities 80 · Economic 75 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline. Full location report →
avenida General Humberto Delgado
Area baseline €103,020 + condition -€21,094 + location +€12,362 = modelled fair value of €94,289 (€1,571/m²), a €203,711 (68.4%) gap versus the €298,000 asking price.
Short-term vacation rental The current listing price of €298,000 significantly exceeds the fair value of €103,898, indicating that the property is overpriced for conversion into a short-term vacation rental. With a gross yield of only 3.6% and rising competition in the Algarve, the return on investment may not justify the high initial expense. Buy-and-hold Given the substantial gap of 65.1% between the listing price and fair value, this 2-bed apartment presents an overpriced option for a buy-and-hold strategy. The current condition rating of 53/100 suggests that further investment may be needed to maintain the property’s value over time. Luxury market This property, despite its listing price, does not align with the luxury market due to its significant overpricing in comparison to the fair value of €103,898. The limited return potential and average condition pose challenges for attracting high-end buyers in an increasingly competitive real estate environment.
Economic Vulnerability The economic stability score of 75 suggests potential fluctuations in the local economy that could impact rental income stability over time.
