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, energy rating D. Located Algoz e Tunes parish, Silves municipality, Faro district. Noteworthy Features: This apartment includes an attic with 22 m², providing versatile additional storage or living space, plus private outdoor parking suitable for multiple vehicles.
The valuation. The asking price of €495,000 sits significantly above the fair value of €404,107, resulting in a disparity of €90,893 or 22.5%. This property is considered overpriced due to this substantial gap.
Fair value modelled at €404,107 from 5 comparable sales in the area. Asking €495,000 sits €90,893 (22.5%) above — overpriced versus fair value.
Asking €495,000 versus the Algoz e Tunes, Silves, Faro area baseline of €392,144 (€2,530/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €392,144, adjusted for condition and micro-location, gives a modelled fair value of €404,107 (€2,607/m²), a €90,893 (22.5%) gap versus the €495,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Algoz e Tunes · a80bd8 | Subject | €495,000 | €3,194 | — | 74 | 71 |
| Algoz e Tunes · 8314b9 | Active | €495,000 | €3,867 | 21.1% | 74 | 72 |
| 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 |
| rua do Correio | Active | €365,000 | €2,589 | 18.9% | 75 | 72 |
| Median comp | €365,000 | €2,598 | 18.6% | 73 | 71 |
Short-term vacation rental The property, priced at €495,000, exceeds its fair value of €404,107 by 22.5%, indicating that it is likely too expensive for short-term rental profitability. Given the current yield of 0%, this strategy may not deliver the returns that investors typically seek in vacation rentals. Family rental With an asking price significantly above its fair value, the 4-bed apartment in Algoz e Tunes at €495,000 poses challenges for long-term family tenants, as the €404,107 benchmark suggests a lack of affordability. Investors may find it difficult to justify the investment as rental prices in this market may not support the current valuation, making this option less attractive. Buy-and-hold Although the apartment presents an opportunity for long-term investment, its overpriced status at €495,000 compared to the fair value of €404,107 indicates limited upside potential. Investors adopting a buy-and-hold strategy may face challenges if property appreciation does not exceed the 22.5% gap versus fair value, hindering overall returns.
Economic volatility With an economic stability score of 68/100, there is a moderate risk that economic downturns could affect property values and rental income.
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