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 182 m², built in 1988, energy rating D. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: The property includes two expansive outdoor areas totaling 134 m², ideal for leisure and entertainment, along with a versatile room for storage or office use, enhancing functionality.
The valuation. The asking price of €450,000 is below the fair value of €507,032, indicating it is subvalued by €57,032 (11.2%). This presents an attractive opportunity for potential investors seeking value.
Fair value modelled at €507,032 from 6 comparable sales in the area. Asking €450,000 sits €57,032 (11.2%) below — the upside to fair value.
Asking €450,000 versus the Armação de Pêra, Silves, Faro area baseline of €399,504 (€2,195/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €399,504, adjusted for condition and micro-location, gives a modelled fair value of €507,032 (€2,786/m²), a €57,032 (11.2%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · f14d7e | Subject | €450,000 | €2,473 | — | 80 | 75 |
| Alcantarilha e Pêra · f46cd8 | Active | €410,000 | €2,950 | 19.3% | 76 | 77 |
| Armação de Pêra · 190891 | Active | €410,000 | €2,303 | 6.8% | 70 | 74 |
| rua das Palmeiras S / N | Active | €285,000 | €2,822 | 14.1% | 58 | 75 |
| rua Quinta dos Arcos, 1 | Active | €330,000 | €3,511 | 42.0% | 70 | 74 |
| Median comp | €370,000 | €2,886 | 16.7% | 70 | 75 |
Short-term vacation rental The property’s proximity to popular Algarve tourist spots is a significant advantage, driving consistent demand in the vacation rental market. With a gross yield of 4.9%, this investment is positioned well for attractive returns during peak tourist seasons. Buy-and-hold Given the fair value of €507,032, acquiring this property for €450,000 presents an opportunity for long-term capital appreciation in a vibrant market. The positive neighborhood score of 75/100 indicates a desirable location for future growth and tenant attraction. Family rental With its spacious layout and favorable condition rating of 79/100, this property is well-suited for families looking for quality housing in Armação de Pêra. The area's seasonal employment due to tourism supports a steady influx of potential long-term tenants, enhancing the viability of family rental opportunities.
Economic Vulnerability The economic stability score of 65/100 indicates moderate risk, suggesting potential susceptibility to market fluctuations that could impact 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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