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 72 m², built in 2000, energy rating D. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: The apartment boasts high ceilings throughout, enhancing the spacious feel, and includes a large wraparound terrace with views of the shared pool, perfect for outdoor relaxation.
The valuation. The asking price of €260,000 exceeds the fair value of €118,308 by €141,692, representing a notable 54.5% overvaluation. This property is priced significantly beyond its true market worth, suggesting buyers should proceed with caution.
Fair value modelled at €118,308 from the area baseline, adjusted for condition and location. Asking €260,000 sits €141,692 (54.5%) above — overpriced versus fair value.
Asking €260,000 versus the Armação de Pêra, Silves, Faro area baseline of €263,088 (€3,654/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 (Condition 65 · Materials 63 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 62/100 (Housing Market 70 · Amenities 55 · Economic 60 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
Armação de Pêra, Silves, Faro
Area baseline €263,088 + condition -€11,250 + location +€5,934 = modelled fair value of €118,308 (€1,643/m²), a €141,692 (54.5%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 1e63bd | Subject | €260,000 | €3,611 | — | 65 | 62 |
| rua das Embarcações, 8A | Active | €289,000 | €4,738 | 31.2% | 65 | 69 |
| beco Casino Velho S / N | Active | €265,000 | €3,897 | 7.9% | 75 | 72 |
| rua General Humberto Delgado | Active | €215,000 | €4,135 | 14.5% | 64 | 71 |
| rua José Moura Lapa | Active | €247,000 | €4,843 | 34.1% | 75 | 74 |
| Median comp | €256,000 | €4,437 | 22.9% | 70 | 72 |
Short-term vacation rental The property’s high asking price of €260,000 significantly exceeds the fair value of €118,308, making it an overpriced option despite its proximity to beaches, which enhances its vacation rental appeal. With a gross yield of only 3.8%, potential returns may not justify the inflated cost in a competitive seasonal market. Buy-and-hold Investing in the property at €260,000 is questionable given its substantial gap from fair value at €118,308, indicating that it is overpriced and may not provide adequate long-term appreciation. The neighborhood's average ratings of 62/100 offer limited growth potential for a buy-and-hold strategy in this context. Family rental Although the apartment could cater to family renters with its location and size, the asking price of €260,000 is far above the fair value of €118,308, rendering it overpriced for this strategy. Additionally, the neighborhood's amenities and tenant quality may not support a sustainable family rental income sufficient to offset its high purchase price.
Economic and Tenant Stability Risk With an economic stability score of 60/100 and a tenant stability score of 65/100, the investment may face challenges in maintaining consistent cash flow and occupancy rates, potentially affecting overall profitability.
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