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.
3-bedroom, 2-bathroom apartment of 80 m², built in 1984, energy rating A. Located Armação de Pêra parish, Silves municipality, Faro district. This apartment features two spacious independent balconies, enhancing outdoor living and offering ample opportunities for relaxation in a bright, well-designed space just steps from the beach.
The valuation. The asking price of €355,000 is slightly above the fair value of €340,239, reflecting a premium of €14,761 (4.3%). This positions the property as fairly priced in the current market. Buy-to-flip angle. The resale strategy focuses on capitalizing on the property's attractive location and high-quality finishes, aiming for a profit margin by targeting buyers interested in vacation homes. Buy-to-let angle. With a gross yield of 4.1%, the estimated rental income of €1,213 per month allows for stable cash flow, appealing to investors seeking long-term rental opportunities in a thriving tourism area.
Fair value modelled at €340,239 from 6 comparable sales in the area. Asking €355,000 sits €14,761 (4.3%) above — overpriced versus fair value.
Asking €355,000 versus the Armação de Pêra, Silves, Faro area baseline of €290,354 (€3,629/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €290,354, adjusted for condition and micro-location, gives a modelled fair value of €340,239 (€4,253/m²), a €14,761 (4.3%) gap versus the €355,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 144026 | Subject | €355,000 | €4,438 | — | 76 | 72 |
| autoestrada Panasqueira 8365-149, 2 | Active | €340,000 | €2,857 | 35.6% | 65 | 68 |
| Armação de Pêra · 6d5498 | Active | €525,000 | €3,646 | 17.8% | 80 | 70 |
| avenida General Humberto Delgado S / N | Active | €695,000 | €4,860 | 9.5% | 85 | 80 |
| rua das Embarcações, 8 | Active | €232,000 | €6,270 | 41.3% | — | 75 |
| Median comp | €432,500 | €4,253 | 4.2% | 80 | 73 |
Short-term vacation rental While the short-term vacation rental market in Armação de Pêra benefits from its popularity as a tourist destination, the property is priced at €355,000, which is only slightly above its fair value of €340,239. With a gross yield of 4.1%, this property may still attract travelers, but rental income potential may be limited due to the high purchase price relative to market conditions. Long-term rental Given the fair valuation of the property at €340,239 compared to the listing price of €355,000, the long-term rental strategy may provide modest returns in a competitive housing market. The gross yield of 4.1% suggests stable but not exceptional rental income, as tenant quality and local demand could impact occupancy rates. Buy-and-hold In a buy-and-hold strategy, the current listing price of €355,000 reflects a fair investment, yet the limited gap to fair value of 4.3% suggests minimal room for future appreciation. With a condition score of 78/100 and a neighborhood score of 72/100, the property is adequately positioned, but potential investors should remain cautious about long-term gains given the prevailing market dynamics.
Economic vulnerability The investment may face challenges due to the Economic Stability score of 65/100, indicating potential fluctuations that could impact rental income. Tenant turnover risk With a Tenant Stability score of 70/100, there is a moderate risk of tenant turnover which could affect consistent cash flow.
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