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 64 m² on the 1st floor, energy rating D. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: The property includes a private garage with elevator access, enhancing convenience in the heart of Silves' historic area, and boasts good natural light throughout.
The valuation. The asking price of €210,000 exceeds the fair value of €113,654 by €96,346, representing an overvaluation of 45.9%. This indicates that the property is overpriced, potentially limiting return on investment.
Fair value modelled at €113,654 from the area baseline, adjusted for condition and location. Asking €210,000 sits €96,346 (45.9%) above — overpriced versus fair value.
Asking €210,000 versus the Armação de Pêra, Silves, Faro area baseline of €233,856 (€3,654/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 (Condition 66 · Materials 62 · Room dimensions 68). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 82/100 (Housing Market 85 · Amenities 80 · Economic 75 · Tenant Quality 80). Strong amenities and housing-market momentum support a premium to baseline.
Armação de Pêra, Silves, Faro
Area baseline €233,856 + condition -€10,300 + location +€14,066 = modelled fair value of €113,654 (€1,776/m²), a €96,346 (45.9%) gap versus the €210,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 225aea | Subject | €210,000 | €3,281 | — | 66 | 82 |
| rua das Embarcações, 8A | Active | €289,000 | €4,738 | 44.4% | 65 | 69 |
| beco Casino Velho S / N | Active | €265,000 | €3,897 | 18.8% | 75 | 72 |
| Armação de Pêra · 1e63bd | Active | €260,000 | €3,611 | 10.1% | 65 | 62 |
| rua General Humberto Delgado | Active | €215,000 | €4,135 | 26.0% | 64 | 71 |
| Median comp | €262,500 | €4,016 | 22.4% | 65 | 70 |
Short-term vacation rental The 1-bed apartment in Armação de Pêra is not strategically positioned for a short-term vacation rental investment due to its current overpriced status, as the asking price exceeds the fair value by 45.9%. While the appealing neighborhood scores an 82/100, the gross yield of 4.6% does not justify the elevated price point. Buy-and-hold Considering the substantial gap between the listing price and the fair value, investing in this property for a buy-and-hold strategy would likely result in long-term financial strain. The apartment’s condition rating of 65/100 further complicates the potential for appreciation, suggesting it is not a viable option for sustained investment. Family rental Although the property is located in a desirable area, the significant price premium reveals that it is overpriced for family rental purposes, meaning potential returns may not meet expectations. Additionally, the neighborhood rating indicates decent tenant quality, but it does not outweigh the financial disadvantage posed by the current valuation. Not ideal for: Student housing, Industrial investment, Agricultural use Given the property characteristics and its overpriced nature, it is unsuitable for student housing, industrial investment, or agricultural use in the Armação de Pêra location.
Market Vulnerability One risk is that with an economic stability score of 75/100, the property may be susceptible to fluctuations in the local economy that could affect rental income.
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