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 14 m² on the 11th floor, energy rating C. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment features a closed balcony that enhances privacy and panoramic sea views, situated on the desirable 11th floor of a well-maintained building with two elevators.
The valuation. The asking price of €260,000 sits significantly above its fair value of €59,042, resulting in a staggering 340.4% overvaluation. This indicates the property is overpriced and may not yield a justifiable return on investment.
Fair value modelled at €59,042 from 6 comparable sales in the area. Asking €260,000 sits €200,958 (340.4%) above — overpriced versus fair value.
Asking €260,000 versus the Armação de Pêra, Silves, Faro area baseline of €56,318 (€4,023/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 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 €56,318, adjusted for condition and micro-location, gives a modelled fair value of €59,042 (€4,217/m²), a €200,958 (340.4%) gap versus the €260,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 8ee398 | Subject | €260,000 | €18,571 | — | 65 | 83 |
| avenida Beira Mar | Active | €420,000 | €4,421 | 76.2% | 68 | 65 |
| rua Mestre Abílio Prudêncio, 6 | Active | €285,000 | €3,904 | 79.0% | 60 | 71 |
| rua General Humberto Delgado | Active | €215,000 | €4,135 | 77.7% | 64 | 71 |
| rua José Prudêncio Vieira, 1 | Active | €215,000 | €4,300 | 76.8% | 60 | 72 |
| Median comp | €250,000 | €4,218 | 77.3% | 62 | 71 |
Short-term vacation rental The property is overpriced with a fair value of €59,042, suggesting a significant 340.4% gap from its listing price of €260,000. Additionally, with a yield of 0% gross and the apartment's condition rated only 61/100, it is unlikely to attract sufficient short-term rental demand to justify this investment. Luxury market This 1-bed apartment is overvalued at €260,000 compared to its fair value of €59,042, revealing a concerning gap of 340.4%. Despite the appealing neighborhood rating of 83/100, the lack of yield and average condition suggests it may not meet the standards expected in the luxury market. Long-term rental Selling for €260,000 while having a fair value of only €59,042, this apartment represents a 340.4% overpricing, diminishing its potential as a long-term rental investment. The property's current condition of 61/100 and a gross yield of 0% further indicate that it does not align with the financial viability required for long-term tenancy. Not ideal for: Student housing, Industrial investment, Budget rentals Due to its pricing and low yield, this apartment is also not suited for student housing, industrial investments, or budget rentals. The combination of high pricing and less favorable conditions suggests a mismatch for these more cost-sensitive market segments.
Economic Dependence Risk: With an economic stability score of 75/100, there is a moderate risk that economic fluctuations could adversely affect the property's value and rental income stability over time.
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