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 91 m², built in 2008, energy rating C. Located on rua Bartolomeu Dias, Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment includes a versatile additional space ideal for a home office or storage, enhancing living flexibility in a prime beachside locale.
The valuation. The asking price of €341,000 is significantly above fair value, which is estimated at €169,372, placing it at a 50.3% premium. This property is considered overpriced based on its current condition and location.
Fair value modelled at €169,372 from the area baseline, adjusted for condition and location. Asking €341,000 sits €171,628 (50.3%) above — overpriced versus fair value.
Asking €341,000 versus the rua Bartolomeu Dias area baseline of €341,796 (€3,756/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 73 · Materials 78 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 71/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Bartolomeu Dias
Area baseline €341,796 + condition +€0 + location +€13,125 = modelled fair value of €169,372 (€1,861/m²), a €171,628 (50.3%) gap versus the €341,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Bartolomeu Dias | Subject | €341,000 | €3,747 | — | 73 | 71 |
| urbanização Vila Nova | Active | €323,000 | €3,629 | 3.2% | 72 | 71 |
| Armação de Pêra · 261e82 | Active | €264,500 | €3,306 | 11.8% | 62 | 73 |
| beco Casino Velho S / N | Active | €265,000 | €3,897 | 4.0% | 75 | 72 |
| rua 20 de Junho | Active | €275,000 | €3,481 | 7.1% | 80 | 70 |
| Median comp | €270,000 | €3,555 | 5.1% | 74 | 72 |
Short-term vacation rental The property is priced at €341,000, significantly exceeding its fair value of €169,372, indicating a 50.3% gap that suggests it is overpriced. With a gross yield of only 3.3%, the potential returns do not justify the high acquisition cost amid the seasonal volatility of the Algarve tourism market. Buy-and-hold Given the current listing price of €341,000 versus a fair value of €169,372, this property is overpriced by 50.3%, which raises concerns about long-term appreciation potential. While the area is known for tourism, the low gross yield of 3.3% and economic variability could hinder stable investment returns. Family rental Valued at €341,000 and fair valued at only €169,372, the pricing indicates a 50.3% overvaluation that could limit investment attractiveness for long-term family rentals. The 3.3% gross yield combined with the economic instability tied to tourism makes this property less favorable for consistent family income generation.
Economic Volatility Risk: The economic stability score of 65/100 indicates potential fluctuations in the local economy that could impact rental demand and property value.
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