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 house of 91 m², energy rating E. Located on rua Dom Afonso III, 11, Silves parish, Silves municipality, Faro district. Noteworthy Features: This property offers a secluded outdoor barbecue area and spacious terraces, ensuring ample opportunities for entertaining while enjoying the unobstructed views of nature.
The valuation. The asking price of €290,000 exceeds the fair value of €223,072 by €66,928 (30.0%). This property is overpriced and does not offer a compelling investment opportunity based on its current listing. Buy-to-flip angle. The buy-to-flip strategy would involve renovating the already high-quality finishes to appeal to buyers, followed by a resale in a growing market, potentially fetching a higher price than the asking. Buy-to-let angle. With an estimated rental income of €894/month, the gross yield stands at 3.7%, providing a steady income stream, albeit below desirable yield targets for investment properties in this area.
Fair value modelled at €223,072 from 6 comparable sales in the area. Asking €290,000 sits €66,928 (30.0%) above — overpriced versus fair value.
Asking €290,000 versus the rua Dom Afonso III, 11 area baseline of €163,752 (€1,799/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 €163,752, adjusted for condition and micro-location, gives a modelled fair value of €223,072 (€2,451/m²), a €66,928 (30.0%) gap versus the €290,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Dom Afonso III, 11 | Subject | €290,000 | €3,187 | — | 72 | 65 |
| Silves · 99f36c | Active | €260,000 | €2,626 | 17.6% | 66 | 70 |
| rua do Monte Branco de Baixo | Active | €330,000 | €1,976 | 38.0% | 70 | 73 |
| Silves · dee52d | Active | €280,000 | €2,276 | 28.6% | 70 | 66 |
| Silves · 6d5373 | Active | €325,000 | €2,778 | 12.8% | 75 | 64 |
| Median comp | €302,500 | €2,451 | 23.1% | 70 | 68 |
Short-term vacation rental The property is not ideally positioned for short-term vacation rentals given its 30% gap above fair value, which hinders profitability relative to market expectations. Additionally, a gross yield of only 3.7% suggests limited return potential in a competitive rental market. Long-term rental With a fair value considerably lower than the asking price, this property may struggle to attract long-term tenants due to its HIGH initial rental cost, making it less appealing in the current market. The neighborhood score of 65/100 indicates that while there are positive aspects, the property is still not ideally located for sustained rental income. Buy-and-hold Investing in this property on a buy-and-hold basis is not advisable as its pricing is significantly above fair value, suggesting diminished long-term capital appreciation potential. The condition rating of 76/100 does not offset the high acquisition cost, leading to concerns over future resale value and overall investment viability.
Economic Vulnerability The property's economic stability score of 55/100 indicates a significant risk due to potential fluctuations in the local economy that could affect rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Login Required
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Sign in to buy the report or use a credit
