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 80 m², built in 2000. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment is situated in a highly valued condominium that includes amenities like tennis courts and a basement parking space, enhancing its investment potential.
The valuation. The asking price of €264,500 sits €125,753 (47.5%) above the fair value of €138,747, indicating that the property is overpriced in the current market. Potential investors should carefully consider this disparity before proceeding.
Fair value modelled at €138,747 from the area baseline, adjusted for condition and location. Asking €264,500 sits €125,753 (47.5%) above — overpriced versus fair value.
Asking €264,500 versus the Armação de Pêra, Silves, Faro area baseline of €292,320 (€3,654/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 62 · Materials 70 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 80 · 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 €292,320 + condition -€11,250 + location +€12,637 = modelled fair value of €138,747 (€1,734/m²), a €125,753 (47.5%) gap versus the €264,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 261e82 | Subject | €264,500 | €3,306 | — | 62 | 73 |
| rua Bartolomeu Dias | Active | €341,000 | €3,747 | 13.3% | 73 | 71 |
| via Dorsal de Armação de Pêra | Active | €270,000 | €5,192 | 57.0% | — | 67 |
| rua Coronel Joaquim Santos Gomes | Active | €250,000 | €5,000 | 51.2% | — | 72 |
| Armação de Pêra · cfe1dc | Active | €215,990 | €4,075 | 23.3% | 65 | 71 |
| Median comp | €260,000 | €4,538 | 37.2% | 69 | 71 |
Long-term rental Given the significant gap between the listing price of €264,500 and the fair value of €138,747, this property is overpriced for long-term rental strategies. With a gross yield of only 3.7% and a condition rating of 66/100, potential returns do not justify the investment. Short-term vacation rental While the Algarve offers strong demand for short-term vacation rentals, the current price of €264,500 places this property at a disadvantage compared to its fair value of €138,747. The 3.7% gross yield suggests that the income potential will not support the high acquisition cost, making it a costly option for vacation rental purposes. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable due to its overpriced status with a significant gap from the fair value of €138,747. The disappointing 3.7% yield and moderate neighborhood ratings indicate that long-term appreciation may not offset the high initial investment cost.
Tenant turnover risk High tenant turnover may occur due to the moderately low tenant stability score of 70/100, indicating potential challenges in retaining tenants.
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