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, 1-bathroom apartment of 55 m² on the 1st floor, built in 1978, energy rating E. Located on rua das Areias, Alcantarilha e Pêra parish, Silves municipality, Faro district. Noteworthy Features: The property boasts a private balcony with village views, enhancing the living space and offering a peaceful outdoor area for relaxation or entertainment.
The valuation. The asking price of €229,000 sits 6.1% below the fair value of €243,989, indicating that this property is fairly priced within the current market. The valuation suggests a balanced opportunity without significant buyer leverage.
Fair value modelled at €243,989 from 6 comparable sales in the area. Asking €229,000 sits €14,989 (6.1%) below — the upside to fair value.
Asking €229,000 versus the rua das Areias area baseline of €228,368 (€4,152/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €228,368, adjusted for condition and micro-location, gives a modelled fair value of €243,989 (€4,436/m²), a €14,989 (6.1%) gap versus the €229,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Areias | Subject | €229,000 | €4,164 | — | 60 | 71 |
| Armação de Pêra · 6c779f | Active | €189,000 | €5,727 | 37.6% | 66 | 70 |
| rua das Embarcações, 8A | Active | €289,000 | €4,738 | 13.8% | 65 | 69 |
| rua General Humberto Delgado | Active | €215,000 | €4,135 | 0.7% | 64 | 71 |
| Armação de Pêra · 225aea | Active | €210,000 | €3,281 | 21.2% | 66 | 82 |
| Median comp | €212,500 | €4,437 | 6.6% | 66 | 71 |
Short-term vacation rental This property, located in a high-demand tourist region of the Algarve, could potentially generate significant seasonal rental income; however, with a 0% yield, it indicates a lack of current profitability. The fair valuation of €243,989 suggests that while the market conditions are suitable, the listing price of €229,000 does not present an attractive investment opportunity due to the minimal gap from fair value. Family rental Given the neighborhood's favorable amenities and reasonable tenant quality, this property offers potential as a family rental; though the yield is currently 0%, the growing demand in the region could lead to future appreciation. The gap of just 6.1% from the fair value emphasizes that the investment price aligns closely with market expectations and further diminishes the likelihood of substantial near-term profits. Buy-and-hold Investing in this apartment as a buy-and-hold strategy could yield moderate capital appreciation over time, yet the current 0% yield and its fair price indicate that immediate returns would be limited. While the location has long-term potential due to seasonal traffic, the small margin from fair value suggests caution regarding immediate investment returns and overall price growth expectations.
Economic Vulnerability The property is at risk due to a low economic stability score of 60/100, indicating potential challenges in market conditions.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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