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, 3-bathroom duplex of 129 m², energy rating D. Located on rua Francisco Oliveira Santos, Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This duplex boasts an L-shaped terrace offering expansive outdoor space and stunning sea views, perfect for entertaining and relaxation alongside the well-designed interior.
The valuation. The asking price of €649,000 exceeds the fair value of €242,034 by €406,966, representing a significant 62.7% markup. This renders the property overpriced and may deter savvy investors looking for genuine value.
Fair value modelled at €242,034 from the area baseline, adjusted for condition and location. Asking €649,000 sits €406,966 (62.7%) above — overpriced versus fair value.
Asking €649,000 versus the rua Francisco Oliveira Santos area baseline of €221,493 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 74 · Materials 80 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Francisco Oliveira Santos
Area baseline €221,493 + condition +€2,822 + location +€17,719 = modelled fair value of €242,034 (€1,876/m²), a €406,966 (62.7%) gap versus the €649,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Francisco Oliveira Santos | Subject | €649,000 | €5,031 | — | 74 | 70 |
| rua Dom João II | Active | €449,000 | €3,535 | 29.7% | 72 | 75 |
| rua Torre, 2 | Active | €360,000 | €2,927 | 41.8% | 70 | 66 |
| rua das Embarcações, 8 | Active | €450,000 | €4,639 | 7.8% | 76 | 73 |
| rua Rainha Santa, 5 | Active | €395,000 | €4,489 | 10.8% | — | 65 |
| Median comp | €422,000 | €4,012 | 20.3% | 72 | 70 |
Short-term vacation rental This property is overpriced at €649,000 with a fair value of €242,034, presenting a significant gap of 62.7%. Despite the potential in the Algarve for tourism, the gross yield of 2.6% suggests limited profitability in the short-term rental market. Long-term rental At a listing price of €649,000, the gap from fair value indicates that this property may not attract desirable long-term tenants given the 2.6% gross yield. The neighbourhood's overall score of 70/100 may not justify the inflated price in terms of long-term investment returns. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable given that it is overpriced at €649,000, especially with a gross yield of only 2.6%. The long-term value appreciation potential is hampered by the significant disparity from fair value, which suggests a poor investment decision in the current market.
Economic Vulnerability The economic stability score of 65/100 indicates a potential risk due to fluctuating market conditions that might affect tenant retention and rental income stability.
