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 85 m², energy rating E. Located on rua da Igreja, 54B, Algoz e Tunes parish, Silves municipality, Faro district. This property features three spacious balconies, including one with a barbecue, enhancing outdoor living and entertaining options.
The valuation. The asking price of €320,000 sits significantly above fair value, which is assessed at €172,740, creating a discrepancy of €147,260 (46.0%). The property is deemed overpriced.
Fair value modelled at €172,740 from the area baseline, adjusted for condition and location. Asking €320,000 sits €147,260 (46.0%) above — overpriced versus fair value.
Asking €320,000 versus the rua da Igreja, 54B area baseline of €263,330 (€3,098/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 75 · Materials 80 · Room dimensions 74). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 70/100 (Housing Market 70 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua da Igreja, 54B
Area baseline €263,330 + condition +€1,992 + location +€12,648 = modelled fair value of €172,740 (€2,032/m²), a €147,260 (46.0%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Igreja, 54B | Subject | €320,000 | €3,765 | — | 75 | 70 |
| Alcantarilha e Pêra · de0c24 | Active | €370,000 | €5,692 | 51.2% | 70 | 74 |
| Algoz e Tunes · dee5dd | Active | €390,000 | €2,889 | 23.3% | 75 | 71 |
| Algoz e Tunes · 261ecb | Active | €363,000 | €2,927 | 22.2% | 73 | 70 |
| autoestrada N264, 484 | Active | €325,000 | €4,392 | 16.7% | 50 | 70 |
| Median comp | €366,500 | €3,660 | 2.8% | 72 | 71 |
Short-term vacation rental\nThe property is overpriced at €320,000, with a substantial gap of 46.0% from its fair value of €172,740, making it less attractive for a short-term vacation rental strategy. Although the Algarve's tourist appeal can drive demand, the current yield of 2.8% gross does not justify the high listing price.\n\nLong-term rental\nAcquiring this property for long-term rental purposes is not advisable given its overpriced status, as the listing price of €320,000 is significantly above the fair value of €172,740. A gross yield of 2.8% indicates a low return potential, which is not favorable in a competitive rental market.\n\nBuy-and-hold\nGiven the 46.0% disparity between the listing price of €320,000 and the fair value of €172,740, the buy-and-hold strategy would likely lead to suboptimal returns in this instance. With a current yield of 2.8% and an overpriced valuation, this investment may not align with sound financial principles for long-term appreciation.
Economic Vulnerability The property's economic stability score of 65 indicates potential exposure to market fluctuations, which could affect rental income and investment returns.
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