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.
3-bedroom, 1-bathroom house of 90 m², built in 1970, energy rating C. Located Silves parish, Silves municipality, Faro district. Noteworthy Features: The property includes a substantial 12,321 m² of flat land adorned with various fruit trees, providing significant landscaping and agricultural potential for future development.
The valuation. The asking price of €450,000 exceeds the fair value of €294,847 by €155,153 (52.6%), indicating that this property is overpriced. Buy-to-flip angle. Due to its poor condition (25/100), flipping this property would require significant investment in renovations before resale. Buy-to-let angle. As a long-term rental, the property is projected to yield a gross yield of 0%, making it an unappealing investment for steady rental income.
Fair value modelled at €294,847 from 6 comparable sales in the area. Asking €450,000 sits €155,153 (52.6%) above — overpriced versus fair value.
Asking €450,000 versus the Silves, Silves, Faro area baseline of €316,561 (€3,517/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 25/100 is below the parish average, reducing 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 €316,561, adjusted for condition and micro-location, gives a modelled fair value of €294,847 (€3,276/m²), a €155,153 (52.6%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · 468176 | Subject | €450,000 | €5,000 | — | 18 | 70 |
| rua Dom Afonso III S / N | Active | €185,000 | €3,304 | 33.9% | — | 76 |
| Silves · 23f505 | Active | €695,000 | €4,793 | 4.1% | 74 | 71 |
| Silves · 09013f | Active | €430,000 | €4,778 | 4.4% | 74 | 66 |
| Silves · 99f36c | Active | €260,000 | €2,626 | 47.5% | 66 | 70 |
| Median comp | €345,000 | €4,041 | 19.2% | 74 | 71 |
Short-term vacation rental This property is overpriced by 52.6% compared to its fair value of €294,847, which limits the potential for profitable short-term vacation rental investments. With a condition rating of only 25/100, potential guests may be deterred, impacting occupancy rates in the seasonal tourism-dependent economy. Buy-and-hold Given the significant gap between the listing price of €450,000 and the fair value of €294,847, the buy-and-hold strategy presents a risky investment opportunity. The property's low condition score of 25/100 will likely require substantial renovations, further decreasing the long-term viability of this strategy. Long-term rental Investing in this property for long-term rental is challenging due to its overpriced status and the 52.6% gap versus fair value, which affects cash flow potential. Additionally, the low condition rating of 25/100 would necessitate improvements that could diminish profitability in an already competitive rental market.
Economic Vulnerability The property is subject to potential financial instability given the economic stability score of 65/100, indicating a moderate risk of economic downturns affecting profitability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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