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 81 m² on the 2nd floor, built in 2008, energy rating D. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: The apartment boasts three balconies, enhancing outdoor living space, while the common swimming pool provides a refreshing retreat in the heart of Armação de Pêra.
The valuation. The asking price of €310,000 sits slightly above the fair value of €304,814, indicating a difference of €5,186 (1.7%). This positions the property as fairly priced in the current market conditions.
Fair value modelled at €304,814 from 6 comparable sales in the area. Asking €310,000 sits €5,186 (1.7%) above — overpriced versus fair value.
Asking €310,000 versus the Armação de Pêra, Silves, Faro area baseline of €280,928 (€3,468/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €280,928, adjusted for condition and micro-location, gives a modelled fair value of €304,814 (€3,763/m²), a €5,186 (1.7%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 8ee5a1 | Subject | €310,000 | €3,827 | — | 70 | 79 |
| Armação de Pêra · 1e63bd | Active | €260,000 | €3,611 | 5.6% | 65 | 62 |
| Armação de Pêra · 225aea | Active | €210,000 | €3,281 | 14.3% | 66 | 82 |
| beco Casino Velho S / N | Active | €265,000 | €3,897 | 1.8% | 75 | 72 |
| rua das Embarcações, 8A | Active | €289,000 | €4,738 | 23.8% | 65 | 69 |
| Median comp | €262,500 | €3,754 | 1.9% | 66 | 71 |
Short-term vacation rental The 1-bed apartment in Armação de Pêra presents a moderate yield of 3.2%, aligning with tourist demand in the Algarve region. Given its fair value of €304,814, the property remains attractively positioned for short-term rental opportunities given the proximity to tourist amenities. Buy-and-hold This property reflects a stable investment scenario as it sits at a fair value, with appreciation potential in a tourism-driven market like Armação de Pêra. Its adequate condition rating of 68/100 indicates that with minimal upkeep, the property can maintain value over time. Family rental While the yield is modest at 3.2%, the combination of fair value and a favorable neighborhood score of 79/100 suggests a stable long-term rental market for families. However, the rural nature of the area means demand may fluctuate based on tourism seasons, affecting occupancy rates over time.
Economic Shifts The economic and tenant stability scores of 75/100 suggest a moderate risk of potential fluctuations in local demand, which could impact rental income stability adversely.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
