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 163 m² on the 2nd floor, built in 2009, energy rating E. Located on rua das Laranjeiras, 38, Algoz e Tunes parish, Silves municipality, Faro district. Noteworthy Features: This apartment includes a spacious kitchen with an additional pantry and a dedicated barbecue area on the balcony, enhancing both functionality and leisure opportunities.
The valuation. The asking price of €339,000 sits significantly below its fair value of €664,763, indicating a compelling opportunity at €325,763 (49.0% underpriced). This pricing presents an advantageous entry point for potential investors.
Fair value modelled at €664,763 from 6 comparable sales in the area. Asking €339,000 sits €325,763 (49.0%) below — the upside to fair value.
Asking €339,000 versus the rua das Laranjeiras, 38 area baseline of €564,051 (€3,460/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €564,051, adjusted for condition and micro-location, gives a modelled fair value of €664,763 (€4,078/m²), a €325,763 (49.0%) gap versus the €339,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Laranjeiras, 38 | Subject | €339,000 | €2,080 | — | 70 | 68 |
| rua da Igreja, 54B | Active | €320,000 | €3,765 | 81.0% | 75 | 70 |
| Alcantarilha e Pêra · de0c24 | Active | €370,000 | €5,692 | 173.7% | 70 | 74 |
| Algoz e Tunes · dee5dd | Active | €390,000 | €2,889 | 38.9% | 75 | 71 |
| Algoz e Tunes · 261ecb | Active | €363,000 | €2,927 | 40.8% | 73 | 70 |
| Median comp | €366,500 | €3,346 | 60.9% | 74 | 71 |
Short-term vacation rental This 2-bed apartment in Algoz e Tunes, listed at €339,000, presents a remarkable opportunity, showing a substantial 49.0% gap from its fair value of €664,763, indicating strong potential for appreciation. With the Algarve's robust tourist influx, this property could serve as an attractive short-term rental, appealing to vacationers seeking a comfortable stay. Buy-and-hold Investing in this property could yield significant long-term gains due to its fair value of €664,763 compared to the current listing price, suggesting potential for increased equity over time. With consistent demand from the seasonal tourism market in the Algarve, holding onto this asset may provide resilience against market fluctuations. Family rental The apartment's spacious 163m² layout makes it an appealing option for families in the area, particularly given its fair value of €664,763 and competitive listing price of €339,000. With the neighborhood exhibiting a low crime rate and sufficient amenities, it is likely to attract families seeking stable living conditions in a tourist-friendly environment.
Economic downturn risk A moderate economic stability score of 65/100 indicates potential vulnerability to downturns, which may lead to job losses and decreased tenant retention.
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