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 97 m², built in 1998, energy rating C. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This property includes two comfortable balconies that provide excellent outdoor space, enhancing your living experience in the heart of Armação de Pêra. Parking Space: Benefiting from a dedicated parking space in the basement adds convenience in a bustling area. Investment Potential: Ideal for both personal residence and holiday rental due to its prime location near the beach and local amenities.
The valuation. The asking price of €380,000 sits €16,676 (4.6%) above the fair value of €363,324, reflecting a property that is priced appropriately given its condition and location. This suggests a good place to invest without overextending financially.
Fair value modelled at €363,324 from 6 comparable sales in the area. Asking €380,000 sits €16,676 (4.6%) above — overpriced versus fair value.
Asking €380,000 versus the Armação de Pêra, Silves, Faro area baseline of €316,484 (€3,263/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €316,484, adjusted for condition and micro-location, gives a modelled fair value of €363,324 (€3,746/m²), a €16,676 (4.6%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 15e397 | Subject | €380,000 | €3,918 | — | 73 | 66 |
| rua das Caravelas | Active | €285,000 | €2,767 | 29.4% | 76 | 72 |
| rua Quinta dos Arcos, 1 | Active | €330,000 | €3,511 | 10.4% | 70 | 74 |
| Armação de Pêra · 1e60bc | Active | €405,000 | €3,000 | 23.4% | 72 | 68 |
| Armação de Pêra · b7c2bb | Active | €390,000 | €6,094 | 55.6% | 75 | 70 |
| Median comp | €360,000 | €3,256 | 16.9% | 74 | 71 |
Short-term vacation rental The property in Armação de Pêra is positioned favorably within a strong tourism-driven economy, which can lead to consistent occupancy and rental demand. However, given its fair valuation and a gross yield of 3.5%, the potential for high returns through short-term rentals may be limited by the pricing. Buy-and-hold This property represents a stable investment opportunity in a growing area, with a fair value of €363,324 slightly below the listing price of €380,000. The moderate gross yield of 3.5% suggests that while it is potentially a safe long-term hold, it is not particularly attractive for immediate cash flow. Family rental The apartment’s size and decent condition (75/100) make it suitable for family rentals, appealing to long-term tenants seeking residential stability. Nevertheless, with the property priced at a fair value compared to its listing, the yields may not provide the compelling returns investors typically seek in this segment.
Economic Vulnerability The economic stability score of 50/100 indicates a significant risk of economic downturns impacting property value and tenant reliability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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