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, 2-bathroom duplex of 136 m², energy rating C. Located on rua do Alentejo, Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: The property features a magnificent 32.50 m² private terrace perfect for entertaining, and is equipped with energy-efficient photovoltaic panels for reduced electricity costs.
The valuation. The asking price of €515,000 sits at 4.1% below the fair value of €537,071, indicating that the property is priced fairly in the current market.
Fair value modelled at €537,071 from 6 comparable sales in the area. Asking €515,000 sits €22,071 (4.1%) below — the upside to fair value.
Asking €515,000 versus the rua do Alentejo area baseline of €469,001 (€3,449/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €469,001, adjusted for condition and micro-location, gives a modelled fair value of €537,071 (€3,949/m²), a €22,071 (4.1%) gap versus the €515,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Alentejo | Subject | €515,000 | €3,787 | — | 72 | 71 |
| Armação de Pêra · 15e397 | Active | €380,000 | €3,918 | 3.5% | 73 | 66 |
| rua das Caravelas | Active | €285,000 | €2,767 | 26.9% | 76 | 72 |
| Armação de Pêra · b7c2bb | Active | €390,000 | €6,094 | 60.9% | 75 | 70 |
| beco Proj. À Rua Doutor Henrique Gomes, 3 | Active | €250,000 | €4,808 | 27.0% | 69 | 75 |
| Median comp | €332,500 | €4,363 | 15.2% | 74 | 71 |
Short-term vacation rental The 2-bed duplex in Armação de Pêra presents a gross yield of 3.4%, which aligns with typical returns in a high-demand tourist area like the Algarve. However, the fair value of €537,071 positions this property at a 4.1% premium over its listing price of €515,000, indicating that it is reasonably priced for potential vacation rental income. Buy-and-hold Holding this property might provide some steady income in peak tourist seasons, although the yield of 3.4% is relatively modest. With the current market being marked as fair, future value growth could be expected due to the inherent appeal of the Algarve area, balancing out the 4.1% gap against fair value. Family rental The duplex in a neighborhood rated 71/100 for tenant quality is suitable for family rentals, although its yield of 3.4% may not meet all investors' expectations. Given that the property is listed reasonably close to fair value, it could serve as a reliable long-term rental asset within a desirable region. Not ideal for: Student housing, Luxury market
[Economic Vulnerability] With an economic stability score of 65, there is a significant risk that economic downturns could impact rental income and property values, leading to potential financial losses for investors.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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