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 apartment of 68 m², built in 1977, energy rating D. Located on beco Casino Velho S / N, Armação de Pêra parish, Silves municipality, Faro district. This apartment features meticulously restored Santa Catarina stone flooring, blending traditional charm with modern upgrades, along with a balcony offering unobstructed sea views.
The valuation. The asking price of €265,000 is significantly above the fair value of €124,906, representing an overpricing of €140,094 (52.9%). This discrepancy suggests that buyers should approach with caution.
Fair value modelled at €124,906 from the area baseline, adjusted for condition and location. Asking €265,000 sits €140,094 (52.9%) above — overpriced versus fair value.
Asking €265,000 versus the beco Casino Velho S / N area baseline of €255,408 (€3,756/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 (Condition 75 · Materials 70 · Room dimensions 75). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
beco Casino Velho S / N
Area baseline €255,408 + condition -€2,125 + location +€10,275 = modelled fair value of €124,906 (€1,837/m²), a €140,094 (52.9%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| beco Casino Velho S / N | Subject | €265,000 | €3,897 | — | 75 | 72 |
| rua 20 de Junho | Active | €275,000 | €3,481 | 10.7% | 80 | 70 |
| rua José Moura Lapa | Active | €247,000 | €4,843 | 24.3% | 75 | 74 |
| rua das Embarcações, 8A | Active | €289,000 | €4,738 | 21.6% | 65 | 69 |
| urbanização Vila Nova | Active | €323,000 | €3,629 | 6.9% | 72 | 71 |
| Median comp | €282,000 | €4,184 | 7.4% | 74 | 71 |
Short-term vacation rental The property is overpriced at €265,000 given its fair value of €124,906, representing a 52.9% gap. With a gross yield of only 3.6% and the tourism-dependent economy facing seasonal fluctuations, it presents significant financial risks for vacation rental investors. Long-term rental At a listing price of €265,000, this apartment exceeds its fair market value of €124,906 by 52.9%, indicating it is overpriced. With a fairly low gross yield of 3.6% and potential concerns regarding tenant quality in the saturated rental market, long-term rental investors may not see adequate returns. Buy-and-hold The current asking price of €265,000 starkly contrasts with its fair value of €124,906, resulting in a significant 52.9% overpricing. Considering its lackluster condition rating of 73/100, which may hinder prospects for capital appreciation, buy-and-hold strategies face a challenging investment landscape.
Economic and Tenant Stability Risk The combined scores of 65/100 for economic stability and 70/100 for tenant stability indicate a moderate risk, as both scores suggest potential fluctuations in rental income and occupancy rates.
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