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, built in 1989, energy rating D. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment includes balconies that offer stunning sea views, enhancing its tranquil and central setting in Armação de Pêra. Condition Notes: Moderate wear present in the kitchen and bathroom, requiring renovations.
The valuation. The asking price of €245,000 is marginally below the fair value of €245,913, reflecting a minimal discrepancy of €913 (0.4%). Verdict: fair.
Fair value modelled at €245,913 from 6 comparable sales in the area. Asking €245,000 sits €913 (0.4%) below — the upside to fair value.
Asking €245,000 versus the Armação de Pêra, Silves, Faro area baseline of €247,756 (€4,505/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 57/100 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 €247,756, adjusted for condition and micro-location, gives a modelled fair value of €245,913 (€4,471/m²), a €913 (0.4%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 38b4d4 | Subject | €245,000 | €4,455 | — | 58 | 76 |
| avenida General Humberto Delgado, 58 | Active | €200,000 | €3,922 | 12.0% | — | 77 |
| beco Proj. À Rua Doutor Henrique Gomes, 3 | Active | €250,000 | €4,808 | 7.9% | 69 | 75 |
| rua General Humberto Delgado | Active | €215,000 | €4,135 | 7.2% | 64 | 71 |
| rua Quinta das Palmeiras, 3C | Active | €309,000 | €4,120 | 7.5% | — | 73 |
| Median comp | €232,500 | €4,128 | 7.3% | 67 | 74 |
Short-term vacation rental The 1-bed apartment in Armação de Pêra offers a gross yield of 3.8%, which aligns with the demand for short-term rentals in the Algarve's tourist belt. As the property is fairly priced at €245,000, it presents a stable investment opportunity without significant value appreciation potential. Long-term rental With a fair value closely aligning with the listing price, the 1-bed apartment can generate consistent income through long-term rentals in a neighborhood that scores 76/100 for livability. However, the yield of 3.8% reflects a more moderate return on investment in the current rental market. Buy-and-hold Acquiring this property as a buy-and-hold investment at €245,000 is justified given its fair valuation and location within a desirable area for future appreciation. Although the property offers a decent yield of 3.8%, potential investors should be aware that the slight gap from fair value suggests minimal immediate upside.
Economic Vulnerability With an economic stability score of 70/100, there is a significant risk that local economic downturns could impact rental income and property values.
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