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 60 m², built in 2009, energy rating C. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Feature: This apartment includes a spacious 15 m² terrace equipped with a barbecue, ideal for entertaining while enjoying panoramic sunset views over the horizon.
The valuation. The asking price of €299,000 sits significantly higher than the fair value of €110,514, representing a considerable overvaluation of €188,486, or 63.0%. The property is overpriced.
Fair value modelled at €110,514 from the area baseline, adjusted for condition and location. Asking €299,000 sits €188,486 (63.0%) above — overpriced versus fair value.
Asking €299,000 versus the Armação de Pêra, Silves, Faro area baseline of €219,240 (€3,654/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 73 · Materials 80 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 65/100 (Housing Market 80 · Amenities 60 · Economic 50 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Armação de Pêra, Silves, Faro
Area baseline €219,240 + condition +€1,313 + location +€6,181 = modelled fair value of €110,514 (€1,842/m²), a €188,486 (63.0%) gap versus the €299,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 9388eb | Subject | €299,000 | €4,983 | — | 73 | 65 |
| avenida Beira Mar, 9 | Active | €400,000 | €6,250 | 25.4% | 75 | 67 |
| Porches · 6fbc1a | Active | €310,000 | €3,690 | 25.9% | 80 | 74 |
| urbanização Vila Nova | Active | €323,000 | €3,629 | 27.2% | 72 | 71 |
| Armação de Pêra · 1e60bc | Active | €405,000 | €3,000 | 39.8% | 72 | 68 |
| Median comp | €361,500 | €3,660 | 26.6% | 74 | 70 |
Long-term rental This 1-bed apartment in Armação de Pêra is clearly overpriced at €299,000, significantly surpassing its fair value of €110,514, reflecting a 63.0% gap that limits long-term yield potential, currently at only 3%. With a condition rating of 76/100 and a neighbourhood score of 65/100, the property fails to justify its high asking price, making it a risky investment for sustained rental income. Short-term vacation rental Despite the attractive positioning in the Algarve region, the €299,000 listing price is not aligned with its fair value, which stands at €110,514, resulting in a concerning 63.0% overpricing. The property’s yield of 3% and mixed neighbourhood ratings indicate that it may struggle to deliver the expected returns in a seasonal tourism market. Buy-and-hold Investing in this 1-bed apartment as a buy-and-hold strategy is questionable, given its market price of €299,000 compared to a fair value of €110,514, revealing a gap of 63.0% that signals mispricing. With a yield of just 3% and mediocre condition and neighbourhood scores, this property does not present a viable opportunity for long-term appreciation or stable income streams.
Economic Vulnerability The economic stability score of 50/100 indicates a significant risk of potential downturns that could adversely affect rental income.
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