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 90 m², built in 2005, energy rating C. Located Silves parish, Silves municipality, Faro district. Noteworthy Features: The apartment boasts a spacious covered terrace that offers stunning views of both the city and surrounding countryside, enhancing outdoor living potential.
The valuation. The asking price of €295,000 is €20,082 (7.3%) above the fair value of €274,918, indicating that the property is reasonably priced for the current market. Buy-to-flip angle. The resale strategy focuses on enhancing the apartment's appeal to attract buyers willing to pay a premium, leveraging the location in Algarve. Buy-to-let angle. The rental income strategy suggests a gross yield of 3.6%, with an estimated monthly income of €885, benefiting from the area's seasonal tourism demand.
Fair value modelled at €274,918 from 6 comparable sales in the area. Asking €295,000 sits €20,082 (7.3%) above — overpriced versus fair value.
Asking €295,000 versus the Silves, Silves, Faro area baseline of €230,084 (€2,556/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 €230,084, adjusted for condition and micro-location, gives a modelled fair value of €274,918 (€3,055/m²), a €20,082 (7.3%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · f469e0 | Subject | €295,000 | €3,278 | — | 68 | 72 |
| rua da Hortelã, 119 | Active | €295,000 | €2,092 | 36.2% | 70 | 71 |
| Silves · f5eafa | Active | €395,000 | €4,341 | 32.4% | 70 | 64 |
| rua Cruz de Portugal S / N | Active | €295,000 | €3,352 | 2.3% | 78 | 63 |
| Silves · f35ea5 | Active | €295,000 | €2,757 | 15.9% | 78 | 67 |
| Median comp | €295,000 | €3,055 | 6.8% | 74 | 66 |
Short-term vacation rental This property in Silves, with a gross yield of 3.6%, aligns well with the seasonal tourism activity in the Algarve, attracting vacationers year-round. However, the fair valuation of €274,918 indicates that the property is fairly priced at €295,000, limiting room for profit margin growth. Long-term rental Given the condition rating of 71/100, the property stands as a viable option for long-term tenants seeking quality accommodations in a region with decent tenant quality. The fair valuation suggests that while it is priced fairly at €295,000, there may be limited appreciation potential in the long-term rental market. Buy-and-hold With the current market dynamics in Silves and a fair value of €274,918, the investment in this property at €295,000 is stable but does not offer significant upside for appreciation. The overall neighborhood rating of 72/100 reflects a solid investment for holding, yet prospects for capital growth appear muted given its fair pricing. Not ideal for student housing This property does not cater effectively to the student housing market due to its size and location in a predominantly tourist-oriented area. Although it has acceptable tenant quality, it is not strategically positioned for sustained student demand. Not ideal for luxury market The apartment’s features and fair pricing suggest it is not suited for the luxury market, which typically demands higher-end finishes and amenities. As such, investors should focus on more competitive options within the luxury segment of Silves.
Economic Sensitivity The property may face financial challenges due to the economic stability score of 65, indicating a moderate level of risk that could impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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