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 101 m² on the 1st floor, built in 1987, energy rating D. Located on rua das Palmeiras S / N, Alcantarilha e Pêra parish, Silves municipality, Faro district. This apartment's location offers unmatched convenience with essential services, schools, and dining options just steps away, enhancing its potential as both a comfortable home and reliable investment.
The valuation. The asking price of €285,000 sits slightly below the fair value of €288,690, making it a fair investment opportunity with a minimal deviation of only €3,690 (1.3%). Buy-to-flip angle. The buy-to-flip strategy focuses on renovating the apartment to enhance its appeal and market value, aiming for a profit upon resale to capitalize on the desirable location. Buy-to-let angle. Considering the area's tourist attraction, the rental income strategy would involve utilizing the property for short-term vacation rentals, despite the current gross yield estimated at 0%.
Fair value modelled at €288,690 from 6 comparable sales in the area. Asking €285,000 sits €3,690 (1.3%) below — the upside to fair value.
Asking €285,000 versus the rua das Palmeiras S / N area baseline of €272,706 (€2,700/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 58/100 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 €272,706, adjusted for condition and micro-location, gives a modelled fair value of €288,690 (€2,858/m²), a €3,690 (1.3%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Palmeiras S / N | Subject | €285,000 | €2,822 | — | 58 | 75 |
| rua Quinta dos Arcos, 1 | Active | €330,000 | €3,511 | 24.4% | 70 | 74 |
| rua Projectada 8365-145, 3 | Active | €235,000 | €3,561 | 26.2% | 65 | 74 |
| Armação de Pêra · 19087b | Active | €320,000 | €2,645 | 6.3% | 72 | 73 |
| Alcantarilha e Pêra · f46cd8 | Active | €410,000 | €2,950 | 4.5% | 76 | 77 |
| Median comp | €325,000 | €3,231 | 14.5% | 71 | 74 |
Short-term vacation rental The property holds a fair value position given its proximity to the Algarve's tourist appeal, but the yield is currently 0%, which suggests it may not be the most lucrative short-term rental investment. Additionally, its condition rating of 58/100 indicates a need for improvement to attract vacationers effectively. Long-term rental With a fair value of €288,690, this 3-bed apartment does not present an opportunity for immediate cash flow as it offers a 0% gross yield, which is concerning for long-term rental investors. The neighbourhood score of 75/100 suggests that while the location is solid, the lack of rental yield indicates potential challenges in generating consistent returns. Buy-and-hold While the property is fairly valued at €285,000, the absence of rental yield and a condition rating of 58/100 imply that holding onto this asset may not yield significant returns over time. Investors should consider the area’s tourist dynamics and amenities, yet need to address property condition to enhance long-term value appreciation.
Economic Vulnerability The property faces potential economic decline risks due to its moderate economic stability score of 70/100, which may impact long-term tenant retention 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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