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 33 m² on the 1st floor, built in 1974, energy rating D. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: The apartment offers close proximity to the beach, only 50 meters away, enhancing its appeal for beach enthusiasts and vacation renters alike.
The valuation. The asking price of €189,000 is significantly above the fair value of €56,450, indicating an overvaluation of €132,550 (70.1%). This property does not represent a prudent investment opportunity.
Fair value modelled at €56,450 from the area baseline, adjusted for condition and location. Asking €189,000 sits €132,550 (70.1%) above — overpriced versus fair value.
Asking €189,000 versus the Armação de Pêra, Silves, Faro area baseline of €120,582 (€3,654/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 (Condition 66 · Materials 64 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Armação de Pêra, Silves, Faro
Area baseline €120,582 + condition -€4,744 + location +€4,533 = modelled fair value of €56,450 (€1,711/m²), a €132,550 (70.1%) gap versus the €189,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 6c779f | Subject | €189,000 | €5,727 | — | 66 | 70 |
| rua General Humberto Delgado | Active | €215,000 | €4,135 | 27.8% | 64 | 71 |
| rua das Embarcações, 8A | Active | €289,000 | €4,738 | 17.3% | 65 | 69 |
| Armação de Pêra · 0900e5 | Active | €279,000 | €2,818 | 50.8% | 65 | 73 |
| rua Coronel Joaquim Santos Gomes | Active | €250,000 | €5,000 | 12.7% | — | 72 |
| Median comp | €264,500 | €4,437 | 22.5% | 65 | 72 |
Short-term vacation rental This property is overpriced at €189,000, significantly exceeding the fair value of €56,450, resulting in a gap of 70.1%. The gross yield of 4.7% does not justify the elevated price, especially in a tourism-driven economy where rental returns need to be more competitive. Buy-and-hold Looking at the long-term potential, this investment is fundamentally overpriced with a significant discrepancy from the fair value of €56,450. With a condition score of 66/100, the current price of €189,000 does not provide an appealing entry point for long-term hold strategies. Long-term rental Despite the rental potential in Armação de Pêra, the property’s current listing price of €189,000 is 70.1% above its fair value. This overpricing, coupled with a gross yield of only 4.7%, makes it an unattractive option for long-term rental investments.
Economic Downturn Risk The economic stability score of 65/100 indicates a potential risk of economic downturn, which could affect tenant demand and rental income.
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