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.
3-bedroom, 1-bathroom apartment of 97 m², energy rating E. Located on largo dos Mártires da Pátria, Silves parish, Silves municipality, Faro district. The property features a private backyard, enhancing outdoor living space, and is located in a central area of Silves, ideal for those seeking vibrant local amenities.
The valuation. The asking price of €280,000 sits significantly above the fair value of €177,176, reflecting a difference of €102,824 (36.7%). This property is considered overpriced.
Fair value modelled at €177,176 from the area baseline, adjusted for condition and location. Asking €280,000 sits €102,824 (36.7%) above — overpriced versus fair value.
Asking €280,000 versus the largo dos Mártires da Pátria area baseline of €262,773 (€2,709/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 72 · Materials 78 · Room dimensions 76). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 68/100 (Housing Market 70 · Amenities 70 · Economic 60 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
largo dos Mártires da Pátria
Area baseline €262,773 + condition -€1,364 + location +€11,992 = modelled fair value of €177,176 (€1,827/m²), a €102,824 (36.7%) gap versus the €280,000 asking price.
Short-term vacation rental The property's listing price of €280,000 significantly exceeds the fair value estimate of €177,176, making it a less attractive option for short-term vacation rental investments given the 36.7% gap. With a gross yield of only 3.4%, the potential return does not justify the current asking price amidst a competitive tourism-driven market. Buy-and-hold Investing in this property as a buy-and-hold strategy seems problematic, as it is listed at €280,000 while the fair value is €177,176, indicating a substantial overpricing. This can hinder the potential for capital appreciation and long-term rental income in a location where market dynamics typically favor more fairly valued properties. Family rental With its fair value at €177,176, the apartment's listing price of €280,000 positions it as an overpriced option for family rentals, especially given a yield of just 3.4%. The gap in valuation suggests that families seeking longer-term accommodations might overlook the property in favor of better-priced alternatives in the area. Not ideal for: Student housing Due to its high listing relative to fair value, this property is also not suited for student housing investments, where affordability is crucial. The premium price diminishes its appeal in a market that favors cost-effectiveness for transient renters like students.
Economic Vulnerability The property has a moderate economic stability score of 60/100, indicating potential susceptibility to local economic downturns that could impact rental income.Tenant Stability With a tenant stability score of 70/100, there may still be risks of turnover that could affect cash flow and occupancy rates.
