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.
4-bedroom, 3-bathroom house of 160 m², built in 1994, energy rating D. Located on rua Doutor João de Meneses, 19, Silves parish, Silves municipality, Faro district. Noteworthy Features: This home boasts a spacious open-plan living area seamlessly connecting to a private terrace, perfect for entertaining or enjoying outdoor views. Quality Materials: The property features hardwood flooring and stainless steel appliances throughout, enhancing its modern aesthetic.
The valuation. The asking price of €380,000 is significantly lower than the fair value of €764,444, presenting an attractive opportunity. The property is underpriced by €384,444, or 50.3%. Buy-to-flip angle. A buy-to-flip strategy could capitalize on its high-quality finishes and favorable location by targeting quick renovations for resale. With an advantageous purchase price, substantial profit margins could be achieved upon resale. Buy-to-let angle. The property could generate income through a short-term vacation rental strategy, given its proximity to tourist attractions in Algarve. This location is likely to attract travelers seeking high-end accommodations, enhancing profit potential.
Fair value modelled at €764,444 from 5 comparable sales in the area. Asking €380,000 sits €384,444 (50.3%) below — the upside to fair value.
Asking €380,000 versus the rua Doutor João de Meneses, 19 area baseline of €681,089 (€4,257/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 84/100 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 €681,089, adjusted for condition and micro-location, gives a modelled fair value of €764,444 (€4,778/m²), a €384,444 (50.3%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor João de Meneses, 19 | Subject | €380,000 | €2,375 | — | 80 | 73 |
| Silves · 023943 | Active | €575,000 | €2,255 | 5.1% | 72 | 80 |
| Silves · 93764d | Active | €1,390,000 | €5,744 | 141.8% | 85 | 65 |
| Silves · 09013f | Active | €430,000 | €4,778 | 101.2% | 74 | 66 |
| Silves · 4a7f1c | Active | €785,000 | €2,996 | 26.2% | 80 | 64 |
| Median comp | €680,000 | €3,887 | 63.7% | 77 | 66 |
Short-term vacation rental The property in Silves presents an attractive opportunity as a short-term vacation rental, taking advantage of its prime location in the Algarve, which is a magnet for tourists. With a fair value significantly higher than the listing price, this house can provide a solid return on investment as demand from vacationers remains strong. Long-term rental Investing in this property for long-term rental makes sense given the robust presence of expats and tourists in the area, supporting a steady demand for housing. The gap between its listing price and fair value indicates potential for strong rental yields as the local economy continues to thrive. Buy-and-hold As a buy-and-hold investment, this property is compelling; its location ensures continued appreciation due to the influx of tourists and the overall growth of the Silves housing market. The considerable difference between the current listing price and the fair value highlights the potential for value gain over time, making it a strategic long-term asset choice.
Economic Vulnerability The economic stability score of 65 indicates potential fluctuations in the local economy 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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