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 206 m², energy rating E. Located Silves parish, Silves municipality, Faro district. Unapproved Project Advantage: The property includes a pre-approved renovation project designed for a modern one-story T3 house with a swimming pool and optimized outdoor living spaces, enhancing its investment potential.
The valuation. The asking price of €395,000 is €19,207 (4.6%) below the fair value of €414,207, rendering it fairly priced. This suggests a balanced investment opportunity without substantial immediate equity gain.
Fair value modelled at €414,207 from 6 comparable sales in the area. Asking €395,000 sits €19,207 (4.6%) below — the upside to fair value.
Asking €395,000 versus the Silves, Silves, Faro area baseline of €485,951 (€2,359/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 25/100 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 €485,951, adjusted for condition and micro-location, gives a modelled fair value of €414,207 (€2,011/m²), a €19,207 (4.6%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · ee88d6 | Subject | €395,000 | €1,917 | — | 18 | 70 |
| Silves · f14bda | Active | €475,000 | €1,594 | 16.9% | 30 | 72 |
| largo dos Mártires da Pátria, 39 | Active | €195,000 | €1,950 | 1.7% | 15 | 63 |
| Silves · 43912d | Active | €280,000 | €2,154 | 12.3% | 62 | 65 |
| escadas do Mirante | Active | €290,000 | €2,071 | 8.0% | — | 69 |
| Median comp | €285,000 | €2,011 | 4.9% | 30 | 67 |
Short-term vacation rental The property is not ideal for a short-term vacation rental strategy given its zero gross yield and condition rating of 25/100, indicating significant renovation needs. Additionally, the 4.6% gap versus fair value suggests that the property is fairly priced, which limits the potential for immediate capital appreciation. Buy-and-hold Although a buy-and-hold strategy could benefit from stable long-term demand in the Algarve, the property's condition and zero yield indicate it may not yield attractive returns over time. Furthermore, with a fair valuation at €395,000, the property risks remaining stagnant in terms of appreciation due to its current state requiring substantial investment. Family rental While the family rental market in Silves can appear attractive, the property’s condition rating and zero gross yield impose limitations on profitability. Its fair pricing at €395,000 suggests that the investment does not offer sufficient upside potential to justify the risks associated with maintenance and management in the long term.
Economic volatility risk With an economic stability score of 60/100, there is a significant risk of market fluctuations impacting property values and rental incomes.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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