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 53 m², built in 2007. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment includes two balconies that allow for private outdoor relaxation, enhancing the experience of living just steps away from Armação de Pêra's golden sands.
The valuation. The asking price of €215,990 is significantly above the fair value of €87,879, indicating the property is overpriced by €128,111 (59.3%). This discrepancy suggests caution when considering investment.
Fair value modelled at €87,879 from the area baseline, adjusted for condition and location. Asking €215,990 sits €128,111 (59.3%) above — overpriced versus fair value.
Asking €215,990 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 62/100 (Condition 65 · Materials 60 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (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 -€10,766 + location +€7,644 = modelled fair value of €87,879 (€1,658/m²), a €128,111 (59.3%) gap versus the €215,990 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · cfe1dc | Subject | €215,990 | €4,075 | — | 65 | 71 |
| via Dorsal de Armação de Pêra | Active | €270,000 | €5,192 | 27.4% | — | 67 |
| Armação de Pêra · ba3f91 | Active | €270,000 | €5,192 | 27.4% | — | 78 |
| avenida Beira Mar | Active | €420,000 | €4,421 | 8.5% | 68 | 65 |
| Armação de Pêra · 261e82 | Active | €264,500 | €3,306 | 18.9% | 62 | 73 |
| Median comp | €270,000 | €4,807 | 17.9% | 65 | 70 |
Short-term vacation rental Given the property’s gross yield of 4.1%, it does not offer sufficient returns for a short-term vacation rental investment, especially when compared to the fair value of €87,879. The current asking price of €215,990 indicates a substantial overvaluation of 59.3%, making this strategy less attractive in this context. Buy-and-hold With a significant gap of 59.3% between the listing price and fair value, investing in this property as a buy-and-hold strategy is not advisable. The relatively low yield of 4.1% further diminishes its appeal as a long-term investment. Family rental The property is priced 59.3% above its fair value, which limits its viability as a family rental opportunity. While the neighborhood has a decent rating of 71/100, the high purchase price compromises the potential for strong rental returns in this segment.
Economic Volatility The economic stability score of 65/100 suggests potential fluctuations in market conditions that could impact property values.
