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.
3-bedroom, 2-bathroom apartment of 198 m², built in 1994, energy rating D. Located Algoz e Tunes parish, Silves municipality, Faro district. Noteworthy Features: This property offers independent access and a generous yard with a barbecue and sink, ideal for entertaining and outdoor leisure activities.
The valuation. The asking price of €350,000 is significantly below the fair value of €603,794, presenting an opportunity as the property is underpriced by €253,794 (42.0%). This discrepancy indicates a favorable investment potential in a desirable location.
Fair value modelled at €603,794 from 6 comparable sales in the area. Asking €350,000 sits €253,794 (42.0%) below — the upside to fair value.
Asking €350,000 versus the Algoz e Tunes, Silves, Faro area baseline of €453,452 (€2,290/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €453,452, adjusted for condition and micro-location, gives a modelled fair value of €603,794 (€3,049/m²), a €253,794 (42.0%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Algoz e Tunes · ab71a7 | Subject | €350,000 | €1,768 | — | 75 | 75 |
| largo 1° de Dezembro, 1 | Active | €365,000 | €2,607 | 47.5% | 72 | 70 |
| rua do Correio | Active | €365,000 | €2,589 | 46.4% | 75 | 72 |
| rua João de Deus | Active | €325,000 | €4,167 | 135.7% | 75 | 72 |
| Algoz e Tunes · 4bbba2 | Active | €350,000 | €2,756 | 55.9% | 80 | 76 |
| Median comp | €357,500 | €2,682 | 51.7% | 75 | 72 |
Short-term vacation rental The property's fair value significantly surpasses its listing price by 42%, making it an attractive option for short-term vacation rentals in the thriving tourist market of the Algarve. Given the area's strong tourism and the apartment's large size, it has the potential to generate substantial rental income, particularly in peak seasons. Long-term rental With a fair value of €603,794 compared to the asking price of €350,000, this property offers a compelling opportunity for long-term rental investment in a region with consistent demand from seasonal workers. The 75/100 neighborhood rating indicates good amenities and tenant quality, which supports a stable rental income stream. Buy-and-hold The significant gap between the listing price and the fair value presents a solid buy-and-hold strategy, capitalizing on the property’s appreciation potential in the sought-after Algarve region. Additionally, with favorable neighborhood ratings, this investment is likely to yield positive returns over time, making it an ideal addition to a strategic real estate portfolio.
Economic Vulnerability With an economic stability score of 65/100, there is a risk of declining local economic conditions adversely impacting property value and tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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