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, 1-bathroom house of 94 m², built in 1951. Located on rua da Igreja, 55, Algoz e Tunes parish, Silves municipality, Faro district. Noteworthy Features: With pre-approval for permanent residential use and potential for expansion, this property is situated in a URA, offering significant municipal renovation incentives.
The valuation. The asking price of €149,000 is significantly above the fair value of €119,320, representing a 19.9% premium. Consequently, this property is overpriced in the current market.
Fair value modelled at €119,320 from the area baseline, adjusted for condition and location. Asking €149,000 sits €29,680 (19.9%) above — overpriced versus fair value.
Asking €149,000 versus the rua da Igreja, 55 area baseline of €272,318 (€2,897/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 27/100 (Condition 20 · Materials 30 · Room dimensions 40). Below-median condition lowers fair value versus a renovated baseline unit.
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 da Igreja, 55
Area baseline €272,318 + condition -€70,206 + location +€14,687 = modelled fair value of €119,320 (€1,269/m²), a €29,680 (19.9%) gap versus the €149,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Igreja, 55 | Subject | €149,000 | €1,585 | — | 20 | 71 |
| Algoz e Tunes · 4ba651 | Active | €280,000 | €1,530 | 3.5% | — | 71 |
| Algoz e Tunes · 0900ca | Active | €215,000 | €1,086 | 31.5% | — | 62 |
| autoestrada N264, 484 | Active | €325,000 | €4,392 | 177.1% | 50 | 70 |
| Algoz e Tunes · 483b73 | Active | €600,000 | €2,830 | 78.5% | 20 | 64 |
| Median comp | €302,500 | €2,180 | 37.5% | 35 | 67 |
Short-term vacation rental The property is overpriced at €149,000 compared to a fair value of €119,320, indicating a gap of 19.9%. Although the location in the Algarve offers potential for tourism-driven income with an 8.2% gross yield, the condition rating of 27/100 suggests significant renovations are needed, which could deter short-term renters. Long-term rental With the market conditions reflected by a neighborhood rating of 71/100, there may be limited appeal in pursuing long-term rentals at this price point. The disparity between the listing price and fair value shows that, despite decent gross yield potential, the investment is not optimal due to the property's overpriced status. Buy-and-hold While real estate in the Algarve typically benefits from housing demand, the current pricing of €149,000 makes this property less attractive for a long-term hold. Despite a yield of 8.2%, the significant gap from fair value signals that this asset may not provide the anticipated capital appreciation over time. Not ideal for: Student housing, Industrial use, Luxury market
Economic Vulnerability The property has an economic stability score of 65/100, indicating potential volatility that could affect long-term rental income.
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