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, 1-bathroom apartment of 88 m², built in 1996, energy rating C. Located on rua Cruz de Portugal S / N, Silves parish, Silves municipality, Faro district. View of the historic Silves Castle enhances the apartment's charm, while the modern kitchen upgrades provide functionality for contemporary living.
The valuation. The asking price of €295,000 is significantly above the fair value of €161,015, indicating an overpricing of €133,985 (45.4%). This property does not present an attractive financial opportunity based on its current market valuation.
Fair value modelled at €161,015 from the area baseline, adjusted for condition and location. Asking €295,000 sits €133,985 (45.4%) above — overpriced versus fair value.
Asking €295,000 versus the rua Cruz de Portugal S / N area baseline of €151,096 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 78 · Materials 75 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 63/100 (Housing Market 70 · Amenities 60 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Cruz de Portugal S / N
Area baseline €151,096 + condition +€2,063 + location +€7,857 = modelled fair value of €161,015 (€1,830/m²), a €133,985 (45.4%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Cruz de Portugal S / N | Subject | €295,000 | €3,352 | — | 78 | 63 |
| Silves · 03248f | Active | €255,000 | €2,684 | 19.9% | 72 | 71 |
| rua da Porta do Sol, 3 | Active | €430,000 | €4,778 | 42.5% | 76 | 76 |
| Silves · f35ea5 | Active | €295,000 | €2,757 | 17.8% | 78 | 67 |
| rua da Porta do Sol, 3 | Active | €430,000 | €4,778 | 42.5% | 80 | 72 |
| Median comp | €362,500 | €3,768 | 12.4% | 77 | 72 |
Short-term vacation rental Short-term vacation rental potential is hindered by the property's 45.4% gap from fair value, suggesting that it may not generate sufficient returns to justify the investment. Additionally, with a gross yield of only 4.5%, the revenue from seasonal tourism may not be compelling enough to offset the high purchase price. Buy-and-hold The buy-and-hold strategy is less appealing here as the apartment's valuation is overpriced at €295,000 compared to a fair value of €161,015. Holding onto a property that has limited growth potential and a yield of 4.5% poses significant risks for long-term investors. Long-term rental Investing in long-term rental could be problematic due to the property being overpriced, which may lead to cash flow issues and overall low investment returns. Furthermore, while the neighborhood's amenities score 63/100, the property’s current valuation diminishes its attractiveness for long-term rental strategies.
Economic Decline Risk The economic stability score of 55/100 indicates potential vulnerability to market fluctuations, which could adversely impact rental income and property value.
