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, 1-bathroom apartment of 140 m² on the 1st floor, built in 2010, energy rating E. Located Algoz e Tunes parish, Silves municipality, Faro district. Noteworthy features: The apartment includes electric shutters, a video intercom, and two private parking spaces, enhancing security and convenience in a bustling central location.
The valuation. The asking price of €365,000 sits €38,296 (9.5%) below the fair value of €403,296, indicating the property is priced appropriately within the current market context.
Fair value modelled at €403,296 from 4 comparable sales in the area. Asking €365,000 sits €38,296 (9.5%) below — the upside to fair value.
Asking €365,000 versus the Algoz e Tunes, Silves, Faro area baseline of €370,942 (€2,650/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 below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €370,942, adjusted for condition and micro-location, gives a modelled fair value of €403,296 (€2,881/m²), a €38,296 (9.5%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Algoz e Tunes · 38b5b7 | Subject | €365,000 | €2,607 | — | 75 | 70 |
| Algoz e Tunes · ab71a7 | Active | €350,000 | €1,768 | 32.2% | 75 | 75 |
| rua João de Deus | Active | €325,000 | €4,167 | 59.8% | 75 | 72 |
| Algoz e Tunes · 4bbba2 | Active | €350,000 | €2,756 | 5.7% | 80 | 76 |
| rua S. A. e Lagos | Active | €550,000 | €3,005 | 15.3% | 62 | 70 |
| Median comp | €350,000 | €2,881 | 10.5% | 75 | 74 |
Short-term vacation rental The property in Algoz e Tunes positions itself in a competitive vacation market, though it presents a 0% yield, indicating limited immediate rental returns. The fair value suggests the property is better suited as a long-term investment rather than a short-term rental strategy. Long-term rental With a fair valuation indicating reasonable pricing, the property may attract long-term tenants due to its decent condition rating of 76/100. However, with a yield of 0% gross, it suggests that rental income may not cover the holding costs effectively, requiring a careful consideration of cash flows. Buy-and-hold As a buy-and-hold investment, this property in the Algarve could yield appreciation in line with the region's attractiveness, though its current fair value means significant equity gains may take time. The property’s condition and amenities provide a solid foundation, but the expectation of immediate cash flow from rent is limited given the 0% yield.
Economic and Tenant Instability The combined scores of 65/100 indicate a potential risk of fluctuating rental income, as both economic and tenant stability are at a median level, suggesting vulnerability to market changes.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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