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, 2-bathroom apartment of 107 m², built in 1995. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment includes a private 8 m² garage and a dedicated storage room, enhancing convenience for residents' storage needs.
The valuation. The asking price of €380,000 is slightly above the fair value of €368,722, representing a difference of €11,278 (3.1%). This indicates that the property is priced fairly in the current market. Buy-to-flip angle. The potential resale strategy could target a market value increase through minor modern upgrades, appealing to both investors and owner-occupants looking for quality finishes. Quick renovations can maximize profit margins in this thriving tourist region. Buy-to-let angle. With an estimated rental income of €1,172 per month, the projected gross yield stands at 3.7%, making it a viable buy-and-hold investment for short-term vacation rentals. The location's tourist appeal should ensure steady occupancy rates.
Fair value modelled at €368,722 from 6 comparable sales in the area. Asking €380,000 sits €11,278 (3.1%) above — overpriced versus fair value.
Asking €380,000 versus the Armação de Pêra, Silves, Faro area baseline of €315,818 (€2,952/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €315,818, adjusted for condition and micro-location, gives a modelled fair value of €368,722 (€3,446/m²), a €11,278 (3.1%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 831416 | Subject | €380,000 | €3,551 | — | 68 | 73 |
| Armação de Pêra · f14d96 | Active | €375,000 | €3,750 | 5.6% | 75 | 70 |
| Armação de Pêra · cbc039 | Active | €399,000 | €3,381 | 4.8% | 68 | 76 |
| rua Quinta dos Arcos, 1 | Active | €330,000 | €3,511 | 1.1% | 70 | 74 |
| Armação de Pêra · 19087b | Active | €320,000 | €2,645 | 25.5% | 72 | 73 |
| Median comp | €352,500 | €3,446 | 3.0% | 71 | 74 |
Short-term vacation rental The property’s appeal as a short-term vacation rental is moderate, given the fair valuation presence and a gross yield of 3.7%. However, the condition rating of 71/100 alongside the neighborhood score of 73/100 suggests limitations in attracting high-paying seasonal guests. Buy-and-hold This property represents a reasonable buy-and-hold investment with a modest gap to fair value of 3.1%, aligning with the area's status as a tourist hotspot. The market performance, while stable, is influenced by seasonal economic fluctuations that may affect long-term appreciation. Family rental Positioned within a tourist-centric region, this property may struggle as a family rental due to limited local schooling options impacting its desirability. While the fair valuation suggests a suitable entry point, the neighborhood ratings underscore potential challenges in long-term tenant retention in a predominantly vacation-oriented market.
Economic Vulnerability The economic stability score of 65/100 indicates potential volatility in local market conditions, which could affect rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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