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 50 m², built in 1984. Located on rua José Prudêncio Vieira, 1, Armação de Pêra parish, Silves municipality, Faro district. This apartment boasts an attractive communal terrace with panoramic village views, providing a unique outdoor space for relaxation or social gatherings.
The valuation. The asking price of €215,000 is significantly above the fair value of €82,624, representing an overpricing of €132,376 (61.6%). This indicates a challenging initial entry point for potential investors.
Fair value modelled at €82,624 from the area baseline, adjusted for condition and location. Asking €215,000 sits €132,376 (61.6%) above — overpriced versus fair value.
Asking €215,000 versus the rua José Prudêncio Vieira, 1 area baseline of €182,700 (€3,654/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 (Condition 60 · Materials 62 · Room dimensions 62). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua José Prudêncio Vieira, 1
Area baseline €182,700 + condition -€10,781 + location +€7,555 = modelled fair value of €82,624 (€1,652/m²), a €132,376 (61.6%) gap versus the €215,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José Prudêncio Vieira, 1 | Subject | €215,000 | €4,300 | — | 60 | 72 |
| Armação de Pêra · cfe1dc | Active | €215,990 | €4,075 | 5.2% | 65 | 71 |
| rua Coronel Joaquim Santos Gomes | Active | €250,000 | €5,000 | 16.3% | — | 72 |
| avenida Beira Mar | Active | €420,000 | €4,421 | 2.8% | 68 | 65 |
| Armação de Pêra · 261e82 | Active | €264,500 | €3,306 | 23.1% | 62 | 73 |
| Median comp | €257,250 | €4,248 | 1.2% | 65 | 72 |
Short-term vacation rental This property, with a fair value of €82,624, is currently priced at €215,000, highlighting a concerning gap of 61.6% which suggests it is overpriced for the short-term vacation rental market. While the location near popular Algarve tourist spots may attract tourists, the gross yield of 4.2% does not justify the high asking price. Family rental The family rental strategy appears less viable given that the apartment is overpriced at €215,000, far exceeding its fair valuation of €82,624 by 61.6%. Although the neighbourhood scores a reasonable 72/100, the current yield of 4.2% is insufficient to support a smart family rental investment. Buy-and-hold Pursuing a buy-and-hold strategy with this property may not be advisable, as it is currently listed at €215,000 despite a fair value of only €82,624, indicating it is overpriced by 61.6%. The moderate property condition score of 61/100, alongside a low gross yield of 4.2%, further diminishes its appeal for long-term investment potential.
Economic vulnerability With an economic stability score of 65/100, there is a moderate risk that fluctuations in the local economy could negatively impact rental income and property value.
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