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.
1-bedroom, 1-bathroom studio of 53 m². Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This studio offers wide and unobstructed views, enhancing the appeal of its already excellent location just 150 meters from the beach.
The valuation. The asking price of €189,500 significantly exceeds the fair value of €79,995, manifesting an overpricing of €109,505 (57.8%). This disparity suggests that the property may not be an attractive investment opportunity at the current asking price.
Fair value modelled at €79,995 from the area baseline, adjusted for condition and location. Asking €189,500 sits €109,505 (57.8%) above — overpriced versus fair value.
Asking €189,500 versus the Armação de Pêra, Silves, Faro area baseline of €91,001 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 52/100 (Condition 60 · Materials 56 · Room dimensions 48). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Armação de Pêra, Silves, Faro
Area baseline €91,001 + condition -€19,378 + location +€8,372 = modelled fair value of €79,995 (€1,509/m²), a €109,505 (57.8%) gap versus the €189,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 023ba4 | Subject | €189,500 | €3,575 | — | 60 | 73 |
| rua Álvaro Gomes, 3 | Active | €350,000 | €3,211 | 10.2% | 60 | 73 |
| rua Coronel Joaquim Santos Gomes | Active | €250,000 | €5,000 | 39.8% | — | 72 |
| Armação de Pêra · 261e82 | Active | €264,500 | €3,306 | 7.5% | 62 | 73 |
| avenida Beira Mar | Active | €420,000 | €4,421 | 23.6% | 68 | 65 |
| Median comp | €307,250 | €3,864 | 8.1% | 62 | 73 |
Short-term vacation rental The property in Armação de Pêra is overpriced with a listing price of €189,500 compared to a fair value of €79,995, indicating a significant gap of 57.8%. Although the area is tourist-friendly, the yield of 4.7% gross does not justify the high asking price, leading to potential challenges in covering costs. Buy-and-hold At €189,500, the buy-and-hold strategy is not advisable given that the fair value stands at €79,995, highlighting a disconnect of 57.8%. The current condition rating of 52/100 further supports this conclusion, as the property may not generate the expected appreciation in this overpriced segment. Family rental With a fair value of €79,995, the property priced at €189,500 is clearly overpriced, resulting in a gap of 57.8%. The neighborhood rating of 73/100 may appeal to families, but the high entry cost significantly undermines the investment potential in this rental market.
Economic Vulnerability Given the economic stability score of 65/100, there is a heightened risk of economic fluctuations negatively impacting property values and rental income.
