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 56 m² on the 1st floor, built in 1991, energy rating C. Located on rua Elias Garcia, 16, Silves parish, Silves municipality, Faro district. Noteworthy Features: This apartment includes built-in wardrobes in the bedroom and offers a garage space for secure vehicle storage, enhancing convenience and practicality for urban living.
The valuation. The asking price of €210,000 is positioned just below the fair value of €227,641, reflecting a difference of €17,641, or 7.7%. This property is reasonably priced for its quality and location. Buy-to-flip angle. The buy-to-flip strategy leverages potential appreciation in the area, aiming to enhance the apartment’s market value through targeted renovations and aesthetic improvements before reselling. Buy-to-let angle. With a projected rental income of approximately €770 per month, the buy-to-let strategy focuses on stability and consistent cash flow, ideal for leveraging the region's strong tourism appeal.
Fair value modelled at €227,641 from 6 comparable sales in the area. Asking €210,000 sits €17,641 (7.7%) below — the upside to fair value.
Asking €210,000 versus the rua Elias Garcia, 16 area baseline of €182,726 (€3,263/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €182,726, adjusted for condition and micro-location, gives a modelled fair value of €227,641 (€4,065/m²), a €17,641 (7.7%) gap versus the €210,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Elias Garcia, 16 | Subject | €210,000 | €3,750 | — | 80 | 72 |
| rua Cruz de Portugal S / N | Active | €295,000 | €3,352 | 10.6% | 78 | 63 |
| Silves · 03248f | Active | €255,000 | €2,684 | 28.4% | 72 | 71 |
| Silves · 9388db | Active | €285,000 | €5,000 | 33.3% | 78 | 61 |
| rua da Porta do Sol, 3 | Active | €430,000 | €4,778 | 27.4% | 76 | 76 |
| Median comp | €290,000 | €4,065 | 8.4% | 77 | 67 |
Short-term vacation rental This 1-bed apartment in Silves offers a gross yield of 4.4%, making it a reasonable option for short-term vacation rentals given the location's attractiveness to tourists. However, with a fair value slightly above the listing price, it may not provide the exceptional returns often sought in this market segment. Buy-and-hold With a fair valuation indicating the property is priced at €210,000 against a fair value of €227,641, the buy-and-hold strategy may yield moderate returns as the market stabilizes. The apartment's decent condition score of 82 suggests it requires minimal maintenance in the near term, although the current listing does not reflect significant appreciation potential. Family rental While suitable for family rentals due to its size and overall condition, the current listing price of €210,000 is close to fair value with a limited upside for long-term appreciation. The neighborhood's rating of 72 highlights a balanced environment, but it may struggle to attract renters looking for lower-cost alternatives, given the positioning above fair value.
Economic Vulnerability The property faces potential economic instability due to a score of 65/100, indicating a higher risk of market fluctuations that could affect rental income stability.
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