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, 2-bathroom apartment of 121 m² on the 3rd floor, built in 2003, energy rating C. Located Armação de Pêra parish, Silves municipality, Faro district. This apartment features a spacious terrace with ocean views, enhancing outdoor living and creating a desirable atmosphere for relaxation or entertaining.
The valuation. The asking price of €320,000 is notably 16.4% below the fair value of €382,820, indicating the property is underpriced. This presents a favorable opportunity for potential buyers looking to invest in the Armação de Pêra area.
Fair value modelled at €382,820 from 6 comparable sales in the area. Asking €320,000 sits €62,820 (16.4%) below — the upside to fair value.
Asking €320,000 versus the Armação de Pêra, Silves, Faro area baseline of €334,592 (€2,765/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €334,592, adjusted for condition and micro-location, gives a modelled fair value of €382,820 (€3,164/m²), a €62,820 (16.4%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 19087b | Subject | €320,000 | €2,645 | — | 72 | 73 |
| rua Projectada 8365-145, 3 | Active | €235,000 | €3,561 | 34.6% | 65 | 74 |
| rua do Barlavento | Active | €440,000 | €2,750 | 4.0% | 72 | 74 |
| rua das Caravelas | Active | €285,000 | €2,767 | 4.6% | 76 | 72 |
| Armação de Pêra · 19f484 | Active | €250,000 | €3,846 | 45.4% | 70 | 71 |
| Median comp | €267,500 | €3,164 | 19.6% | 71 | 73 |
Short-term vacation rental This property in Armação de Pêra, with a fair value of €382,820 and a listing price of €320,000, demonstrates a substantial potential for profitability in the lucrative short-term rental market. The strong tourism within the Algarve region supports a steady demand for vacation rentals, enhancing the attractiveness of this investment opportunity. Buy-and-hold Investing in this 1-bed apartment offers a promising long-term appreciation potential given its 16.4% gap from fair value and gross yield of 3.5%. With the Algarve region's consistent tourism driven demand, this property is well-positioned for future value growth. Family rental The apartment's reasonable condition score of 67/100, combined with its fair value assessment, makes it a suitable choice for family rental purposes, appealing to those looking for comfortable living in a tourist-friendly area. Additionally, the decent neighborhood rating of 73/100 indicates a supportive environment for potential tenants. Not ideal for: Student housing, Luxury market, Industrial investment This property is not suitable for student housing or as a luxury market investment due to the limited urban employment diversity in the region, which may affect tenant quality and consistent demand. Additionally, industrial investments would not align with the local economic profile and housing market dynamics.
Economic Vulnerability The economic stability score of 55/100 indicates a risk of adverse market conditions that could impact property values and 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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