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.
4-bedroom, 2-bathroom apartment of 155 m² on the 2nd floor, energy rating D. Located Algoz e Tunes parish, Silves municipality, Faro district. The apartment features an attic of 22 m², providing versatile additional storage or usage space, alongside private outdoor parking for added convenience.
The valuation. The asking price of €495,000 exceeds the fair value of €433,872 by €61,128 (14.1%). This property is deemed overpriced based on current market conditions. Buy-to-flip angle. Given its high-quality materials and design, a renovation could enhance its appeal and command a higher resale price, targeting a profitable flip in the thriving Algarve market. Buy-to-let angle. The rental income strategy may not yield immediate returns, as the gross yield is currently 0%. However, the location near tourist attractions could facilitate profitable short-term vacation rentals in the future.
Fair value modelled at €433,872 from 6 comparable sales in the area. Asking €495,000 sits €61,128 (14.1%) above — overpriced versus fair value.
Asking €495,000 versus the Algoz e Tunes, Silves, Faro area baseline of €435,376 (€2,809/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €435,376, adjusted for condition and micro-location, gives a modelled fair value of €433,872 (€2,799/m²), a €61,128 (14.1%) gap versus the €495,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Algoz e Tunes · 831379 | Subject | €495,000 | €3,194 | — | 75 | 74 |
| rua das Laranjeiras, 38 | Active | €339,000 | €2,080 | 34.9% | 70 | 68 |
| largo 1° de Dezembro, 1 | Active | €365,000 | €2,607 | 18.4% | 72 | 70 |
| Algoz e Tunes · 87503a | Active | €395,000 | €2,616 | 18.1% | 75 | 74 |
| rua da Igreja, 54B | Active | €320,000 | €3,765 | 17.9% | 75 | 70 |
| Median comp | €352,000 | €2,612 | 18.2% | 74 | 70 |
Short-term vacation rental The property listed at €495,000 exhibits an overvaluation of 14.1% compared to its fair value of €433,872, making it a less attractive option for short-term vacation rental investments. Given the yield is currently at 0% gross, this strategy does not align with the objective of generating immediate rental income. Buy-and-hold Investing in this property as a buy-and-hold strategy could prove disadvantageous due to its current price being 14.1% above fair value, at €495,000 as compared to €433,872. Additionally, with a condition rating of 75/100 and a neighborhood score of 74/100, the potential for appreciation does not support this investment's high entry cost. Family rental Acquiring this property for family rental usage is not advisable considering its overpriced status at €495,000, which is 14.1% higher than the fair value of €433,872. The overall yield of 0% gross signifies a lack of immediate financial return, further detracting from its viability as a family rental opportunity.
Economic Underperformance Risk The economic stability score of 65/100 suggests a potential vulnerability to economic downturns, which could impact tenant retention and rental income.
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