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 66 m², built in 1996, energy rating C. Located on rua Projectada 8365-145, 3, Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: The apartment includes a practical garage space for secure parking, contributing to a hassle-free coastal living experience in the vibrant Armação de Pêra area.
The valuation. The asking price of €235,000 is €16,006 (6.4%) below the fair value of €251,006. Thus, it is accurately positioned at fair value.
Fair value modelled at €251,006 from 6 comparable sales in the area. Asking €235,000 sits €16,006 (6.4%) below — the upside to fair value.
Asking €235,000 versus the rua Projectada 8365-145, 3 area baseline of €242,910 (€3,680/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 €242,910, adjusted for condition and micro-location, gives a modelled fair value of €251,006 (€3,803/m²), a €16,006 (6.4%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Projectada 8365-145, 3 | Subject | €235,000 | €3,561 | — | 65 | 74 |
| rua das Caravelas | Active | €285,000 | €2,767 | 22.3% | 76 | 72 |
| rua do Barlavento | Active | €440,000 | €2,750 | 22.8% | 72 | 74 |
| Armação de Pêra · 8ee398 | Active | €260,000 | €18,571 | 421.6% | 65 | 83 |
| avenida Beira Mar | Active | €420,000 | €4,421 | 24.2% | 68 | 65 |
| Median comp | €352,500 | €3,594 | 0.9% | 70 | 73 |
Short-term vacation rental The property in Armação de Pêra offers a 4% gross yield, aligning with the area's strong tourism demand. Given its 74/100 neighbourhood score, this unit could attract profitable short-term rental income but remains fairly priced at €235,000. Buy-and-hold At €235,000, this property maintains a fair valuation with a slight gap of 6.4% from its fair value. Its condition score of 61/100 suggests that while it is livable, ongoing maintenance may be necessary to maximize long-term rental income. Family rental With a gross yield of 4% and fair pricing, the one-bedroom apartment can serve as a solid option for families seeking accommodation in the Algarve region. The neighbourhood's 74/100 score indicates a good quality of amenities and tenant quality, making it a suitable choice for family rentals.
Economic Vulnerability The economic stability score of 65/100 suggests potential volatility in the local market, which could lead to fluctuations in rental income and property value.
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