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 91 m², energy rating D. Located Silves parish, Silves municipality, Faro district. Noteworthy Features: The living room features a closed fireplace, providing both aesthetic appeal and warmth during cooler months, enhancing year-round comfort. Additional Outdoor Use: The terrace is equipped with an awning, allowing for versatile outdoor living options regardless of weather conditions.
The valuation. The asking price of €395,000 is significantly above the fair value of €283,869, indicating an overpricing by €111,131, or 39.1%. This places the property at a disadvantage for prospective buyers seeking value.
Fair value modelled at €283,869 from 6 comparable sales in the area. Asking €395,000 sits €111,131 (39.1%) above — overpriced versus fair value.
Asking €395,000 versus the Silves, Silves, Faro area baseline of €236,330 (€2,597/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €236,330, adjusted for condition and micro-location, gives a modelled fair value of €283,869 (€3,119/m²), a €111,131 (39.1%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · f5eafa | Subject | €395,000 | €4,341 | — | 70 | 64 |
| Silves · 03248f | Active | €255,000 | €2,684 | 38.2% | 72 | 71 |
| rua Cruz de Portugal S / N | Active | €295,000 | €3,352 | 22.8% | 78 | 63 |
| Silves · 9388db | Active | €285,000 | €5,000 | 15.2% | 78 | 61 |
| largo dos Mártires da Pátria | Active | €280,000 | €2,887 | 33.5% | 72 | 68 |
| Median comp | €282,500 | €3,120 | 28.1% | 75 | 66 |
Short-term vacation rental Despite being located in the Algarve, a region known for its tourist appeal, the 2-bed apartment in Silves is listed at €395,000, which is significantly above its fair value of €283,869, resulting in a 39.1% gap. This elevated price leads to a modest gross yield of 2.9%, making it less attractive for short-term rental opportunities that typically thrive on better investment returns in high-demand locations. Long-term rental The current asking price of €395,000 indicates that the property is overpriced compared to its fair value of €283,869, translating to a significant 39.1% gap that diminishes the potential for long-term rental profitability. With a gross yield of only 2.9%, this investment may struggle to attract quality tenants looking for competitive rental prices in the area. Buy-and-hold Investing in the 2-bed apartment as a buy-and-hold strategy appears less favorable, given its listing price of €395,000 against a fair value benchmark of €283,869, indicating that the property is overpriced by 39.1%. The modest yield of 2.9% suggests that long-term appreciation is unlikely to compensate for this inflated entry cost, challenging investor returns over time.
Economic and Tenant Stability Risk The property has a low economic stability score of 60/100 and a tenant stability score of 60/100, indicating potential challenges in retaining tenants and generating consistent rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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