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 143 m² on the 17th floor, built in 1985, energy rating B. Located on avenida General Humberto Delgado S / N, Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Feature: The property boasts a striking private terrace of 73 m² and a spacious solarium, both offering stunning panoramic views and excellent sun exposure throughout the day.
The valuation. The asking price of €695,000 exceeds the fair value of €292,870 by €402,130, or 57.9%, indicating the property is overpriced. This significant discrepancy suggests caution for potential buyers.
Fair value modelled at €292,870 from the area baseline, adjusted for condition and location. Asking €695,000 sits €402,130 (57.9%) above — overpriced versus fair value.
Asking €695,000 versus the avenida General Humberto Delgado S / N area baseline of €522,522 (€3,654/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 87/100 (Condition 85 · Materials 90 · Room dimensions 85). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 80/100 (Housing Market 85 · Amenities 80 · Economic 75 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
avenida General Humberto Delgado S / N
Area baseline €522,522 + condition +€17,875 + location +€29,464 = modelled fair value of €292,870 (€2,048/m²), a €402,130 (57.9%) gap versus the €695,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida General Humberto Delgado S / N | Subject | €695,000 | €4,860 | — | 85 | 80 |
| Armação de Pêra · 6d5498 | Active | €525,000 | €3,646 | 25.0% | 80 | 70 |
| autoestrada Panasqueira 8365-149, 2 | Active | €340,000 | €2,857 | 41.2% | 65 | 68 |
| rua das Acácias | Active | €410,000 | €3,981 | 18.1% | 73 | 75 |
| rua Carolina Sales | Active | €340,000 | €4,250 | 12.6% | 77 | 71 |
| Median comp | €375,000 | €3,814 | 21.5% | 75 | 71 |
Short-term vacation rental The property’s expected gross yield of 2% suggests that it may not generate sufficient income to justify its listing price of €695,000, especially considering the fair value of only €292,870. Despite its favorable location in the Coastal Algarve area, the significant gap of 57.9% compared to fair value indicates that it is overpriced for the vacation rental market. Long-term rental Renting the apartment long-term would also be challenged by the low gross yield of 2%, which fails to reflect the inherent risks and investment return expectations associated with such a price tag. With a fair value of €292,870, both the listing price and the 57.9% gap suggest that this property is overpriced and may deter potential long-term tenants. Buy-and-hold The current pricing structure, with the list price so far above the fair value, complicates a buy-and-hold investment strategy because it may take considerably longer to achieve an acceptable return on investment. Given that the apartment is listed at €695,000, the 57.9% disparity from its fair value points to a significant risk in capital appreciation while the property is overpriced. Not ideal for: The property does not fit student housing due to its high price which would likely be beyond the budget of most students. It also lacks the characteristics suitable for industrial development and the luxury market, as it is overpriced given the valuation context.
Economic Resilience Risk The property has an economic stability score of 75/100, indicating a moderate risk of economic fluctuations affecting rental revenue.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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