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 51 m², built in 1991, energy rating D. Located on rua José Moura Lapa, Armação de Pêra parish, Silves municipality, Faro district. This apartment features a west-facing balcony perfect for sunset views, along with exclusive basement parking for residents, enhancing both enjoyment and convenience.
The valuation. The asking price of €247,000 is significantly above the fair value of €95,177, representing an overvaluation of €151,823 (61.5%). This property is considered overpriced based on current market conditions.
Fair value modelled at €95,177 from the area baseline, adjusted for condition and location. Asking €247,000 sits €151,823 (61.5%) above — overpriced versus fair value.
Asking €247,000 versus the rua José Moura Lapa area baseline of €191,556 (€3,756/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 75 · Materials 78 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 74/100 (Housing Market 70 · Amenities 80 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua José Moura Lapa
Area baseline €191,556 + condition -€797 + location +€8,406 = modelled fair value of €95,177 (€1,866/m²), a €151,823 (61.5%) gap versus the €247,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Moura Lapa | Subject | €247,000 | €4,843 | — | 75 | 74 |
| beco Casino Velho S / N | Active | €265,000 | €3,897 | 19.5% | 75 | 72 |
| rua 20 de Junho | Active | €275,000 | €3,481 | 28.1% | 80 | 70 |
| rua das Embarcações, 8A | Active | €289,000 | €4,738 | 2.2% | 65 | 69 |
| avenida Beira Mar, 9 | Active | €400,000 | €6,250 | 29.0% | 75 | 67 |
| Median comp | €282,000 | €4,318 | 10.9% | 75 | 70 |
Short-term vacation rental The property is overpriced, with a significant gap of 61.5% from its fair value, making it a less attractive investment for short-term rentals despite stable tourism impact. Furthermore, the gross yield of 3.8% does not compensate for its inflated price, limiting potential profitability. Buy-and-hold Given the considerable overpricing of the apartment at €247,000, holding this asset for long-term appreciation may yield disappointing returns. The high gap from fair value suggests that the property's current price is unlikely to create long-term wealth accumulation. Long-term rental Investing in this apartment for long-term rental is not advisable, as it is overpriced by 61.5%, significantly reducing its attractiveness to tenants seeking reasonable accommodation. With a gross yield of 3.8%, the property struggles to offer competitive rental returns, further solidifying its unattractiveness for this strategy.
Economic Vulnerability The property has a moderate economic stability score of 60/100, indicating potential susceptibility to economic downturns that may impact rental income.
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