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, 2-bathroom apartment of 130 m², energy rating C. Located on avenida dos Oceanos, Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment features a spacious balcony ideal for outdoor dining, along with modern kitchen updates, emphasizing both functionality and outdoor living enjoyment.
The valuation. The asking price of €345,000 exceeds the fair value of €226,083 by €118,917, or 34.5%. Given this discrepancy, the property is considered overpriced.
Fair value modelled at €226,083 from the area baseline, adjusted for condition and location. Asking €345,000 sits €118,917 (34.5%) above — overpriced versus fair value.
Asking €345,000 versus the avenida dos Oceanos area baseline of €223,210 (€1,717/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 (Condition 75 · Materials 72 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 63/100 (Housing Market 70 · Amenities 65 · Economic 55 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
avenida dos Oceanos
Area baseline €223,210 + condition -€8,734 + location +€11,607 = modelled fair value of €226,083 (€1,739/m²), a €118,917 (34.5%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida dos Oceanos | Subject | €345,000 | €2,654 | — | 75 | 63 |
| rua das Embarcações, 8 | Active | €450,000 | €4,639 | 74.8% | 76 | 73 |
| rua Torre, 2 | Active | €360,000 | €2,927 | 10.3% | 70 | 66 |
| Armação de Pêra · ac994f | Active | €398,000 | €3,317 | 25.0% | 65 | 69 |
| urbanização Vila Nova | Active | €323,000 | €3,629 | 36.8% | 72 | 71 |
| Median comp | €379,000 | €3,473 | 30.9% | 71 | 70 |
Short-term vacation rental The 2-bed apartment in Armação de Pêra is priced at €345,000, which is 34.5% above its fair value of €226,083, indicating it is overpriced. With a gross yield of only 3.7%, the potential cash flow is insufficient to justify the elevated purchase price, particularly in a market that relies heavily on seasonal tourism fluctuations. Buy-and-hold Given the property’s listing price significantly exceeds its fair value, investing in this apartment for long-term appreciation seems unwise. The neighbourhood metrics, including a condition rating of 71/100 and a neighbourhood score of 63/100, do not support a justified investment in a buy-and-hold strategy. Value-add renovation Although renovations could potentially increase the value of the Armação de Pêra apartment, the current purchase price remains 34.5% overfair value, categorizing the asset as overpriced. Without substantial value creation through renovations and a more favorable entry price, the risks associated with this strategy are elevated in this market context.
Economic volatility risk The economic stability score of 55 indicates potential fluctuations in local market conditions that could impact property value and rental income.
