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 105 m² on the 1st floor, energy rating C. Located Silves parish, Silves municipality, Faro district. This apartment offers three balconies with views of Silves Castle, enhancing outdoor living while being conveniently located near Fábrica do Inglês.
The valuation. The asking price of €307,500 is slightly below the fair value of €316,826, indicating a potential opportunity for investment. At 2.9% under fair value, this property is priced fairly within the market context.
Fair value modelled at €316,826 from 6 comparable sales in the area. Asking €307,500 sits €9,326 (2.9%) below — the upside to fair value.
Asking €307,500 versus the Silves, Silves, Faro area baseline of €252,281 (€2,403/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 above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €252,281, adjusted for condition and micro-location, gives a modelled fair value of €316,826 (€3,017/m²), a €9,326 (2.9%) gap versus the €307,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · caa1d3 | Subject | €307,500 | €2,929 | — | 78 | 75 |
| Silves · f35ea5 | Active | €295,000 | €2,757 | 5.9% | 78 | 67 |
| rua da Hortelã, 119 | Active | €295,000 | €2,092 | 28.6% | 70 | 71 |
| rua Cruz de Portugal S / N | Active | €295,000 | €3,352 | 14.5% | 78 | 63 |
| Silves · f469e0 | Active | €295,000 | €3,278 | 11.9% | 68 | 72 |
| Median comp | €295,000 | €3,018 | 3.0% | 74 | 69 |
Short-term vacation rental The Silves apartment is positioned in a prime Algarve location, but with a fair value only 2.9% higher than the listing price, it suggests cautious investment in the short-term rental market. Given the 3.3% gross yield in a strong tourist destination, immediate profitability may be limited despite decent demand. Buy-and-hold Investing in this 2-bed apartment for a buy-and-hold strategy presents a fair opportunity in the stable Silves market, with a valuation aligning closely with fair value. The gross yield of 3.3% indicates moderate returns, suggesting long-term growth potential yet advising against aggressive expectations. Family rental The property may serve the family rental market adequately, but the fair valuation along with a condition score of 75/100 points to a home that may require updating to attract quality tenants. The yield of 3.3% reinforces the need for strategic enhancements to maximize rental potential in a competitive neighborhood.
[Economic Vulnerability] With an economic stability score of 65/100, there is a risk of fluctuating market conditions potentially impacting tenant demand and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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