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 65 m². Located Alcantarilha e Pêra parish, Silves municipality, Faro district. The apartment is part of a resort management program that allows up to eight weeks of personal use annually while generating rental income, providing a hassle-free ownership experience.
The valuation. The asking price of €370,000 is significantly above the fair value of €126,108, reflecting an overpricing of €243,892 (65.9%). This disparity suggests the property is not a financially sound investment. Buy-to-flip angle. The buy-to-flip strategy anticipates resale after renovations, but given current valuations, a flip may yield insufficient profits due to overpricing. A successful flip would require significant price adjustments in the current market. Buy-to-let angle. The property presents rental income challenges, with a gross yield of 0%, indicating no rental revenue at the proposed price. A long-term holding strategy may be necessary to recover initial investments in this sought-after coastal location.
Fair value modelled at €126,108 from the area baseline, adjusted for condition and location. Asking €370,000 sits €243,892 (65.9%) above — overpriced versus fair value.
Asking €370,000 versus the Alcantarilha e Pêra, Silves, Faro area baseline of €201,370 (€3,098/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 70 · Materials 74 · Room dimensions 66). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 74/100 (Housing Market 75 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Alcantarilha e Pêra, Silves, Faro
Area baseline €201,370 + condition -€6,398 + location +€11,606 = modelled fair value of €126,108 (€1,940/m²), a €243,892 (65.9%) gap versus the €370,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Alcantarilha e Pêra · de0c24 | Subject | €370,000 | €5,692 | — | 70 | 74 |
| Alcantarilha e Pêra · 03256b | Active | €340,000 | €4,416 | 22.4% | 85 | 73 |
| Guia · f3658b | Active | €845,000 | €4,721 | 17.1% | 74 | 70 |
| rua da Igreja, 54B | Active | €320,000 | €3,765 | 33.9% | 75 | 70 |
| Algoz e Tunes · dee5dd | Active | €390,000 | €2,889 | 49.2% | 75 | 71 |
| Median comp | €365,000 | €4,091 | 28.1% | 75 | 71 |
Short-term vacation rental\nThe property’s asking price is significantly above its fair value by 65.9%, which suggests it may not deliver a satisfactory return in the short-term vacation rental market. Additionally, the gross yield of 0% indicates that the potential for cash flow is nonexistent, making this strategy unviable.\n\nLong-term rental\nWith a fair value of €126,108 and a current price of €370,000, this apartment presents a substantial shortfall in potential long-term rental returns. The condition rating of 69/100 and the neighbourhood rating of 74/100 further suggest that it may struggle to attract consistent long-term tenants at the price point being asked.\n\nBuy-and-hold\nEven though the Algarve is a sought-after tourist destination, this property is overpriced by 65.9%, which limits the potential for future appreciation and makes long-term holding a less attractive option. Furthermore, the yield of 0% inspires concern regarding ongoing costs versus expected rental income, indicating a lack of investment viability in a buy-and-hold strategy.
Economic Vulnerability The economic stability score of 65/100 suggests potential instability in the local market, which could impact rental demand and property value.
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