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, 2-bathroom house of 80 m², energy rating A. Located Silves parish, Silves municipality, Faro district. This property features high-quality BoConcept furnishings and custom-made curtains, enhancing its modern aesthetic and providing a move-in ready experience with an emphasis on style and comfort.
The valuation. The asking price of €489,000 exceeds fair value by €111,289 (29.5%), indicating that the property is overpriced compared to its fair valuation of €377,711. This discrepancy suggests a potential challenge for investors.
Fair value modelled at €377,711 from 6 comparable sales in the area. Asking €489,000 sits €111,289 (29.5%) above — overpriced versus fair value.
Asking €489,000 versus the Silves, Silves, Faro area baseline of €309,273 (€3,866/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €309,273, adjusted for condition and micro-location, gives a modelled fair value of €377,711 (€4,721/m²), a €111,289 (29.5%) gap versus the €489,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · 89e5fe | Subject | €489,000 | €6,113 | — | 85 | 73 |
| Silves · ba5764 | Active | €1,100,000 | €7,692 | 25.8% | 78 | 68 |
| Silves · ba575d | Active | €1,195,000 | €4,509 | 26.2% | 83 | 76 |
| Silves · 4a44a9 | Active | €730,000 | €4,650 | 23.9% | — | 73 |
| via Donkey Carts | Active | €895,000 | €3,416 | 44.1% | 78 | 64 |
| Median comp | €997,500 | €4,580 | 25.1% | 78 | 71 |
Short-term vacation rental The property, with a gross yield of only 2.3%, does not support the higher price of €489,000, especially as its fair value is estimated at €377,711. Given the seasonal economic variations in the Algarve, relying on short-term tourists may not justify this investment. Buy-and-hold With a fair value gap of 29.5%, acquiring this house at €489,000 poses a significant risk for a buy-and-hold strategy, as long-term appreciation is unlikely given the current valuation. The insufficient yield of 2.3% further diminishes the potential for meaningful returns over time. Family rental The family rental market may not yield sufficient returns for this property, particularly at the overpriced listing of €489,000, which exceeds its fair value by 29.5%. The gross yield of 2.3% suggests that this investment may struggle to attract tenants looking for affordable family housing options in the area.
Diminished economic resilience The economic stability score of 65/100 indicates a potential vulnerability to market fluctuations, which could affect rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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