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 52 m² on the 2nd floor, energy rating C. Located on beco Proj. À Rua Doutor Henrique Gomes, 3, Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment features a spacious private terrace perfect for outdoor dining and relaxation, alongside being just a short walk from the stunning Armação de Pêra beach.
The valuation. The asking price of €250,000 is significantly above fair value, which is assessed at €207,813, resulting in an overpriced status of €42,187 (20.3%). This suggests limited investment appeal unless significant value is added post-purchase.
Fair value modelled at €207,813 from 6 comparable sales in the area. Asking €250,000 sits €42,187 (20.3%) above — overpriced versus fair value.
Asking €250,000 versus the beco Proj. À Rua Doutor Henrique Gomes, 3 area baseline of €204,565 (€3,934/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 €204,565, adjusted for condition and micro-location, gives a modelled fair value of €207,813 (€3,996/m²), a €42,187 (20.3%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| beco Proj. À Rua Doutor Henrique Gomes, 3 | Subject | €250,000 | €4,808 | — | 69 | 75 |
| rua José Prudêncio Vieira, 1 | Active | €215,000 | €4,300 | 10.6% | 60 | 72 |
| Armação de Pêra · 19f484 | Active | €250,000 | €3,846 | 20.0% | 70 | 71 |
| rua Mestre Abílio Prudêncio, 6 | Active | €285,000 | €3,904 | 18.8% | 60 | 71 |
| rua Coronel Joaquim Santos Gomes | Active | €250,000 | €5,000 | 4.0% | — | 72 |
| Median comp | €250,000 | €4,102 | 14.7% | 60 | 72 |
Short-term vacation rental This property is overpriced at €250,000 compared to its fair value of €207,813, which may limit its attractiveness for investors seeking short-term rental returns. Additionally, the 3.6% gross yield does not provide compelling returns considering the seasonal fluctuations typical of a heavily tourism-reliant area. Buy-and-hold Acquiring this property as a buy-and-hold investment seems less desirable given its 20.3% gap above fair value and an average condition rating of 63/100. The combination of overpriced status and economic dependence on tourism raises concerns regarding long-term capital appreciation and stability. Family rental While family rentals can offer a stable tenant base, this property's pricing at €250,000 suggests it is overpriced, impacting the potential return on investment. The attractive neighborhood score of 75/100 could appeal to families; however, increased financial pressure due to the high price relative to fair value may deter prospective tenants.
Economic Vulnerability The property has a relatively low economic stability score of 65 out of 100, indicating heightened risks from potential economic downturns that could affect rent prices and occupancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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