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 128 m² on the 2nd floor, energy rating D. Located Algoz e Tunes parish, Silves municipality, Faro district. Noteworthy Features: The apartment includes a spacious attic of 22 m², ideal for additional storage or versatile usage, enhancing its functionality beyond typical listings.
The valuation. The asking price of €495,000 is €161,286 (48.3%) above the fair value of €333,714. This property is therefore considered overpriced.
Fair value modelled at €333,714 from 6 comparable sales in the area. Asking €495,000 sits €161,286 (48.3%) above — overpriced versus fair value.
Asking €495,000 versus the Algoz e Tunes, Silves, Faro area baseline of €331,626 (€2,591/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 €331,626, adjusted for condition and micro-location, gives a modelled fair value of €333,714 (€2,607/m²), a €161,286 (48.3%) gap versus the €495,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Algoz e Tunes · 8314b9 | Subject | €495,000 | €3,867 | — | 74 | 72 |
| Guia · f3658b | Active | €845,000 | €4,721 | 22.1% | 74 | 70 |
| rua das Laranjeiras, 38 | Active | €339,000 | €2,080 | 46.2% | 70 | 68 |
| largo 1° de Dezembro, 1 | Active | €365,000 | €2,607 | 32.6% | 72 | 70 |
| rua do Correio | Active | €365,000 | €2,589 | 33.1% | 75 | 72 |
| Median comp | €365,000 | €2,598 | 32.8% | 73 | 70 |
Short-term vacation rental Despite the area's strong tourism influence, this 4-bed apartment is overpriced at €495,000, with a significant gap of 48.3% compared to the fair value of €333,714. The zero gross yield indicates a poor return potential for a short-term rental strategy in a seasonal market. Long-term rental The high asking price positions this property unfavorably for long-term rental, especially given the fair value estimate of €333,714, which represents a 48.3% overvaluation. With a condition rating of 75/100, it may attract some tenant interest, but the rental yield is effectively non-existent. Buy-and-hold Investing in this property as a buy-and-hold strategy appears unwise, as it is priced 48.3% above its fair value of €333,714. The lack of immediate cash flow, illustrated by a 0% yield, could hinder potential appreciation in the long term.
Economic and Tenant Stability Risk With both economic and tenant stability scores at 65/100, there is a heightened risk of tenant turnover and fluctuating rental income, which could impact cash flow negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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