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 80 m², built in 2006. Located on rua Carolina Sales, Armação de Pêra parish, Silves municipality, Faro district. This property features a contemporary open-plan living space with large windows that promote natural light, along with the convenience of a dedicated parking space within a gated community.
The valuation. The asking price of €340,000 is significantly above the fair value of €155,523, indicating the property is overpriced by €184,477, or 54.3%. This discrepancy suggests limited immediate investment appeal. Buy-to-flip angle. A buy-to-flip strategy is unlikely to yield profit given the current asking price, as resale potential would require significant appreciation to break even. Therefore, this approach may be too risky. Buy-to-let angle. The estimated gross yield of 3.6% at €1,020/month suggests moderate potential for rental income, yet the high purchase price undermines long-term profitability, especially in a mixed neighborhood.
Fair value modelled at €155,523 from the area baseline, adjusted for condition and location. Asking €340,000 sits €184,477 (54.3%) above — overpriced versus fair value.
Asking €340,000 versus the rua Carolina Sales area baseline of €292,320 (€3,654/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 77 · Materials 82 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 71/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Carolina Sales
Area baseline €292,320 + condition +€6,625 + location +€11,538 = modelled fair value of €155,523 (€1,944/m²), a €184,477 (54.3%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Carolina Sales | Subject | €340,000 | €4,250 | — | 77 | 71 |
| rua das Embarcações, 8 | Active | €450,000 | €4,639 | 9.2% | 76 | 73 |
| avenida dos Oceanos | Active | €345,000 | €2,654 | 37.6% | 75 | 63 |
| rua Bartolomeu Dias | Active | €341,000 | €3,747 | 11.8% | 73 | 71 |
| rua Torre, 2 | Active | €360,000 | €2,927 | 31.1% | 70 | 66 |
| Median comp | €352,500 | €3,337 | 21.5% | 74 | 69 |
Short-term vacation rental The property is overpriced at €340,000, well above the fair value estimate of €155,523, creating a 54.3% gap. A gross yield of 3.6% suggests that even in a prime tourist destination like Armação de Pêra, potential returns are likely to disappoint relative to the acquisition cost. Long-term rental At €340,000, this 2-bed apartment is priced significantly above its fair value of €155,523, presenting a 54.3% discrepancy that may deter long-term tenancy interest. With the local neighbourhood score of 71/100, while there is demand, the high price limits profitability and tenant acquisition. Buy-and-hold Investing in this property as a buy-and-hold strategy at €340,000 is not advisable, given its fair value of only €155,523 and a substantial gap of 54.3%. The 3.6% yield further indicates that holding this asset may yield uninspiring returns when factoring in the premium paid for entry into the market.
Economic Vulnerability A score of 65/100 in economic stability indicates potential susceptibility to market fluctuations that could affect rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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