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 83 m², energy rating E. Located São Bartolomeu de Messines parish, Silves municipality, Faro district. Noteworthy Features: This apartment boasts front and back balconies, enhancing natural light and outdoor space, and includes a 19m² attic storage room for additional utility.
The valuation. The asking price of €230,000 is €92,845 (40.4%) above its fair value of €137,155, indicating the property is overpriced. This significant discrepancy raises concerns for potential investors regarding its long-term viability and profitability.
Fair value modelled at €137,155 from the area baseline, adjusted for condition and location. Asking €230,000 sits €92,845 (40.4%) above — overpriced versus fair value.
Asking €230,000 versus the São Bartolomeu de Messines, Silves, Faro area baseline of €142,511 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 (Condition 65 · Materials 58 · Room dimensions 63). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
São Bartolomeu de Messines, Silves, Faro
Area baseline €142,511 + condition -€17,897 + location +€12,541 = modelled fair value of €137,155 (€1,652/m²), a €92,845 (40.4%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Bartolomeu de Messines · 261de5 | Subject | €230,000 | €2,771 | — | 65 | 72 |
| rua Senhora da Saúde | Active | €355,000 | €3,550 | 28.1% | 70 | 70 |
| São Bartolomeu de Messines · 96c450 | Active | €199,000 | €3,062 | 10.5% | 71 | 71 |
| São Bartolomeu de Messines · 2620b2 | Active | €389,000 | €4,471 | 61.4% | — | 71 |
| São Bartolomeu de Messines · 261ec9 | Active | €389,000 | €4,471 | 61.4% | 75 | 68 |
| Median comp | €372,000 | €4,011 | 44.7% | 71 | 71 |
Short-term vacation rental The property is overpriced by 40.4% compared to its fair value, which limits its potential as a profitable short-term vacation rental in the competitive Algarve market. With a gross yield of 0%, this investment would struggle to generate sufficient income to justify its high asking price. Buy-and-hold Considering its 40.4% price premium over fair value, this 2-bedroom apartment is not ideal for a buy-and-hold strategy aimed at long-term appreciation in the current local market conditions. The limited return on investment and high acquisition cost make it an unappealing prospect for future value accumulation. Value-add renovation Although a value-add renovation could enhance the property, the existing 40.4% price gap from its fair value indicates that significant capital would be required to reach a more favorable return. The current condition rating of 61/100 suggests there is room for improvement but not enough potential upside to justify the high initial investment in light of its overpriced status.
Economic Vulnerability The property's economic stability score of 65 indicates potential susceptibility to market fluctuations, which may impact rental income and property value.
