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 130 m², built in 2005, energy rating C. Located Silves parish, Silves municipality, Faro district. This property features a spacious 60 m² private yard, perfect for creating an outdoor oasis, and offers direct access from a closed garage, enhancing convenience and security.
The valuation. The asking price of €360,000 is significantly above the fair value of €293,328, representing an overprice of €66,672 (22.7%). This property does not represent a financial opportunity based on its current listing.
Fair value modelled at €293,328 from 6 comparable sales in the area. Asking €360,000 sits €66,672 (22.7%) above — overpriced versus fair value.
Asking €360,000 versus the Silves, Silves, Faro area baseline of €280,887 (€2,161/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 51/100 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 €280,887, adjusted for condition and micro-location, gives a modelled fair value of €293,328 (€2,256/m²), a €66,672 (22.7%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · 38b6fe | Subject | €360,000 | €2,769 | — | 54 | 72 |
| rua Doutor Nobre de Oliveira, 15 | Active | €250,000 | €2,381 | 14.0% | 55 | 63 |
| Silves · 190961 | Active | €330,000 | €1,988 | 28.2% | 50 | 62 |
| avenida do Enxerim S / N | Active | €275,000 | €2,132 | 23.0% | 65 | 71 |
| rua da Hortelã, 119 | Active | €295,000 | €2,092 | 24.4% | 70 | 71 |
| Median comp | €285,000 | €2,112 | 23.7% | 60 | 67 |
Short-term vacation rental With a gross yield of 3.2%, this property is positioned in a tourist-oriented area, but the listing price of €360,000 is 22.7% above the fair value of €293,328. The high price combined with a condition score of 51/100 makes it unattractive for short-term rental investments, limiting potential profitability. Buy-and-hold Investing in this property for a buy-and-hold strategy appears questionable, as it is currently overpriced based on a fair valuation that suggests a significant gap of 22.7%. The modest gross yield of 3.2% coupled with a condition score of 51/100 does not justify the elevated purchase price in the long run. Family rental Although the property is located in a relatively safe neighborhood with a score of 72/100, the listing price of €360,000 is excessively high compared to its fair value of €293,328, leading to a 22.7% premium. This price misalignment, combined with the apartment's average condition, may deter family renters seeking affordable options. Not ideal for: Student housing, Luxury market Given the higher listing price and the apartment's average condition, it is ill-suited for student housing or the luxury rental market where expectations for quality and pricing are more pronounced.
Potential economic downturn The economic stability score of 65 suggests a modest risk of downturn, which could affect rental income and tenant retention negatively, especially if the tenant stability score of 73 reflects a reliance on less stable job markets.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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