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, 1-bathroom apartment of 141 m² on the 1st floor, built in 2010, energy rating E. Located on rua do Correio, Algoz e Tunes parish, Silves municipality, Faro district. This apartment includes two private parking spaces and an intercom system, enhancing convenience and security in a prime location with easy access to local amenities and transport.
The valuation. The asking price of €365,000 sits significantly below the fair value of €587,500, indicating an encouraging opportunity at a discount of €222,500 (37.9%). The property is underpriced, making it an attractive option for investors.
Fair value modelled at €587,500 from 5 comparable sales in the area. Asking €365,000 sits €222,500 (37.9%) below — the upside to fair value.
Asking €365,000 versus the rua do Correio area baseline of €496,858 (€3,524/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €496,858, adjusted for condition and micro-location, gives a modelled fair value of €587,500 (€4,167/m²), a €222,500 (37.9%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Correio | Subject | €365,000 | €2,589 | — | 75 | 72 |
| rua João de Deus | Active | €325,000 | €4,167 | 61.0% | 75 | 72 |
| Algoz e Tunes · 4bbba2 | Active | €350,000 | €2,756 | 6.5% | 80 | 76 |
| Algoz e Tunes · f3626e | Active | €575,000 | €3,343 | 29.1% | 75 | 62 |
| rua Teófilo Carvalho dos Santos, 30 | Active | €680,000 | €4,533 | 75.1% | — | 72 |
| Median comp | €462,500 | €3,755 | 45.1% | 75 | 72 |
Short-term vacation rental This property, listed at €365,000, presents an opportunity for a profitable short-term vacation rental strategy given its fair value of €587,500, showing a substantial 37.9% gap. The allure of the Algarve coast and its seasonal tourist demand further enhance its potential as a lucrative rental destination. Long-term rental While the yield stands at a gross 0%, the significant fair value difference highlights the potential for steady long-term rental income as market conditions stabilize. This 2-bed apartment's favorable location in Algoz e Tunes positions it well for attracting tenants seeking comfortable living in a desirable area. Buy-and-hold Investing in this property as a buy-and-hold presents a strategic long-term opportunity, with the current listing price substantially lower than its fair value. As the surrounding neighborhood benefits from ongoing demand, holding this asset could yield appreciation and secure equity growth over time.
Economic Vulnerability The property faces a risk due to its economic stability score of 65/100, indicating potential fluctuations in local economic conditions that could affect rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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