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 129 m² on the 1st floor, energy rating D. Located on avenida do Enxerim S / N, Silves parish, Silves municipality, Faro district. Noteworthy Features: The apartment includes a spacious closed garage in the basement, providing parking for one car and one motorcycle along with additional storage space.
The valuation. The asking price of €275,000 is significantly below the fair value of €331,399, presenting an opportunity with a spread of €56,399 (17.0%). This suggests the property is underpriced. Buy-to-flip angle. The buy-to-flip strategy could capitalize on the potential for quick renovation, targeting a resale at fair value, which could yield substantial profits. Buy-to-let angle. A short-term vacation rental strategy is viable due to the Algarve's tourist appeal, despite the current gross yield of 0%, indicating a need for rental income generation to support the investment.
Fair value modelled at €331,399 from 6 comparable sales in the area. Asking €275,000 sits €56,399 (17.0%) below — the upside to fair value.
Asking €275,000 versus the avenida do Enxerim S / N area baseline of €289,996 (€2,248/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €289,996, adjusted for condition and micro-location, gives a modelled fair value of €331,399 (€2,569/m²), a €56,399 (17.0%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida do Enxerim S / N | Subject | €275,000 | €2,132 | — | 65 | 71 |
| Silves · 190961 | Active | €330,000 | €1,988 | 6.7% | 50 | 62 |
| rua Doutor Nobre de Oliveira, 15 | Active | €250,000 | €2,381 | 11.7% | 55 | 63 |
| rua da Hortelã, 119 | Active | €295,000 | €2,092 | 1.9% | 70 | 71 |
| Silves · f469e0 | Active | €295,000 | €3,278 | 53.8% | 68 | 72 |
| Median comp | €295,000 | €2,237 | 4.9% | 62 | 67 |
Short-term vacation rental The property in Silves, priced at €275,000, presents a strong opportunity for short-term vacation rentals, reflecting a fair value of €331,399 and a 17.0% gap. Given its location in the Algarve, which is a hotspot for tourists, the potential for high occupancy rates during peak seasons is evident. Buy-and-hold Investing in this 3-bed apartment as a buy-and-hold strategy aligns with its current pricing, which is substantially lower than its fair market value of €331,399. The steady increase in real estate demand in the Silves area suggests that long-term appreciation is likely, especially given its favorable tourist proximity. Family rental As a family rental, this property is appealing due to its size and the growing demand for family-friendly accommodation in the Algarve region. With an assessed fair value of €331,399, the current listing price of €275,000 indicates a solid opportunity for long-term rental income in a neighbourhood rated 71/100 for tenant quality.
Economic Vulnerability The economic stability score of 65/100 indicates a medium risk due to potential fluctuations in the local economy that could affect long-term tenant retention and rent collection.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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