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 73 m², built in 1991, energy rating C. Located on rua Mestre Abílio Prudêncio, 6, Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment boasts three balconies, offering versatile outdoor spaces perfect for enjoying the sun and sea breezes, and includes a dedicated garage space for convenience.
The valuation. The asking price of €285,000 reflects a significant premium over the fair value of €121,954, indicating the property is overpriced by €163,046, or 57.2%. This suggests a challenging investment opportunity in terms of immediate equity gain.
Fair value modelled at €121,954 from the area baseline, adjusted for condition and location. Asking €285,000 sits €163,046 (57.2%) above — overpriced versus fair value.
Asking €285,000 versus the rua Mestre Abílio Prudêncio, 6 area baseline of €266,742 (€3,654/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 (Condition 60 · Materials 64 · Room dimensions 66). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 71/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Mestre Abílio Prudêncio, 6
Area baseline €266,742 + condition -€13,916 + location +€10,529 = modelled fair value of €121,954 (€1,671/m²), a €163,046 (57.2%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Mestre Abílio Prudêncio, 6 | Subject | €285,000 | €3,904 | — | 60 | 71 |
| avenida Beira Mar | Active | €420,000 | €4,421 | 13.2% | 68 | 65 |
| Armação de Pêra · cfe1dc | Active | €215,990 | €4,075 | 4.4% | 65 | 71 |
| rua José Prudêncio Vieira, 1 | Active | €215,000 | €4,300 | 10.1% | 60 | 72 |
| rua das Embarcações, 8A | Active | €289,000 | €4,738 | 21.4% | 65 | 69 |
| Median comp | €252,495 | €4,361 | 11.7% | 65 | 70 |
Short-term vacation rental The property is overpriced by 57.2%, making it an unappealing prospect for a short-term vacation rental strategy, where the gross yield of 3.5% does not justify the investment at this price point. Given the condition score of 63/100 and neighborhood score of 71/100, potential rental income would struggle to cover the premium cost. Buy-and-hold Investing in this apartment as a buy-and-hold strategy is not prudent due to its significant overpricing of 57.2%, which diminishes future appreciation potential. With a gross yield of only 3.5%, the returns fail to warrant the initial outlay expected in this segment of the market. Family rental This property is overpriced by 57.2%, negatively impacting its viability as a family rental given the modest yield of 3.5%. Families typically seek better value for money, and at this price, the apartment does not meet the affordability expectations for long-term tenants.
Economic Vulnerability A score of 65/100 in economic stability indicates a moderate risk of economic downturns affecting property values or rent collection.
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