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 house of 163 m², built in 1981, energy rating A+. Located Silves parish, Silves municipality, Faro district. Noteworthy Features: The property boasts a well-maintained garden with multiple relaxation areas, an outdoor kitchen and barbecue, alongside an independent annex suitable for guests or rental income.
The valuation. The asking price of €599,000 exceeds the fair value of €518,292 by €80,708 (15.6%). This valuation indicates that the property is priced fairly relative to its market value.
Fair value modelled at €518,292 from 6 comparable sales in the area. Asking €599,000 sits €80,708 (15.6%) above — overpriced versus fair value.
Asking €599,000 versus the Silves, Silves, Faro area baseline of €567,557 (€3,482/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €567,557, adjusted for condition and micro-location, gives a modelled fair value of €518,292 (€3,180/m²), a €80,708 (15.6%) gap versus the €599,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · 5e63dc | Subject | €599,000 | €3,675 | — | 76 | 63 |
| Silves · 99f304 | Active | €1,195,000 | €6,790 | 84.8% | 80 | 74 |
| Silves · 001999 | Active | €795,000 | €3,118 | 15.2% | 75 | 65 |
| Silves · 023943 | Active | €575,000 | €2,255 | 38.6% | 72 | 80 |
| Silves · 25f64d | Active | €575,000 | €3,249 | 11.6% | — | 71 |
| Median comp | €685,000 | €3,184 | 13.4% | 75 | 73 |
Short-term vacation rental The property’s fair value aligns closely with its asking price, indicating it is priced reasonably for the short-term vacation rental market in a popular tourism destination. However, with a gross yield of only 3.2%, the rental income may not justify the current price for investors seeking higher returns. Long-term rental While the property is fairly valued, the 3.2% gross yield suggests limited upside potential for long-term rental investment in the Silves area. Given the neighborhood's mixed ratings, while this property could attract stable tenants, it may not outperform in rental income relative to its price. Buy-and-hold At a fair price, this property presents a stable holding opportunity, but the low yield of 3.2% raises concerns about maximizing investment returns over time. Investors targeting long-term appreciation might find better options elsewhere that offer more growth potential, despite the reasonably positioned price point.
Economic Vulnerability With an economic stability score of 55, there is a heightened risk of financial downturns impacting property value and tenant occupancy rates 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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