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 111 m² on the 1st floor, built in 2007, energy rating C. Located on urbanização Quinta da Torre, 11, Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment boasts spacious communal areas and two large balconies, enhancing the living space with ample natural light and outdoor enjoyment.
The valuation. The asking price of €375,000 is slightly below the fair value of €390,556, indicating a difference of €15,556 (4.0%). This suggests the property is fairly priced in the current market.
Fair value modelled at €390,556 from 6 comparable sales in the area. Asking €375,000 sits €15,556 (4.0%) below — the upside to fair value.
Asking €375,000 versus the urbanização Quinta da Torre, 11 area baseline of €351,088 (€3,163/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 €351,088, adjusted for condition and micro-location, gives a modelled fair value of €390,556 (€3,519/m²), a €15,556 (4.0%) gap versus the €375,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização Quinta da Torre, 11 | Subject | €375,000 | €3,378 | — | 72 | 71 |
| Armação de Pêra · 831416 | Active | €380,000 | €3,551 | 5.1% | 68 | 73 |
| Armação de Pêra · f14d96 | Active | €375,000 | €3,750 | 11.0% | 75 | 70 |
| Armação de Pêra · 831618 | Active | €380,000 | €3,519 | 4.1% | 70 | 71 |
| rua José Prudêncio Vieira, 11 | Active | €380,000 | €3,519 | 4.1% | 65 | 77 |
| Median comp | €380,000 | €3,535 | 4.6% | 69 | 72 |
Short-term vacation rental The property in Armação de Pêra offers a strong gross yield of 4%, leveraging its proximity to the Algarve coast which enhances tourist attraction. Given the fair valuation, it presents a stable income opportunity without significant speculative advantages. Long-term rental With a fair value of €390,556 positioned close to the tourist-centric leisure activities of the Algarve, this property can attract long-term tenants looking for a reliable housing option. The 71/100 score for neighbourhood and property condition suggests adequate appeal but does not indicate a competitive edge in rental prices. Buy-and-hold Investing in this Armação de Pêra apartment as a buy-and-hold strategy aligns with the consistent appeal of the Algarve region, which is primarily driven by tourism. Although the property is fairly priced, potential capital appreciation may be limited in a market with only modest growth forecasts and limited value-add opportunities.
Tenant turnover risk High tenant turnover may occur given the economic stability score of 65, indicating potential fluctuations in income stability for the property owner.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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