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 125 m² on the 1st floor, built in 2002, energy rating D. Located Armação de Pêra parish, Silves municipality, Faro district. This apartment features a well-equipped kitchen with a dishwasher and benefits from double-glazed windows for enhanced thermal and acoustic insulation, while also offering two designated parking spaces.
The valuation. The asking price of €449,000 sits €18,436 (4.3%) above the fair value of €430,564, indicating that this property is priced fairly despite marginal elevation above market expectations. Buy-to-flip angle. Given the competitive pricing in Armação de Pêra, a buy-to-flip strategy targeting a resale at elevated market rates could yield profitable returns after minor renovations. Buy-to-let angle. The estimated rental income of €1,235/month generates a gross yield of 3.3%, making this apartment a compelling option for long-term rental investment in a high-demand tourist location.
Fair value modelled at €430,564 from 6 comparable sales in the area. Asking €449,000 sits €18,436 (4.3%) above — overpriced versus fair value.
Asking €449,000 versus the Armação de Pêra, Silves, Faro area baseline of €368,267 (€2,946/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 €368,267, adjusted for condition and micro-location, gives a modelled fair value of €430,564 (€3,445/m²), a €18,436 (4.3%) gap versus the €449,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 133af1 | Subject | €449,000 | €3,592 | — | 70 | 71 |
| urbanização Quinta da Torre, 11 | Active | €375,000 | €3,378 | 5.9% | 72 | 71 |
| Armação de Pêra · 831416 | Active | €380,000 | €3,551 | 1.1% | 68 | 73 |
| Armação de Pêra · f14d96 | Active | €375,000 | €3,750 | 4.4% | 75 | 70 |
| Armação de Pêra · 19087b | Active | €320,000 | €2,645 | 26.4% | 72 | 73 |
| Median comp | €375,000 | €3,465 | 3.5% | 72 | 72 |
Short-term vacation rental The property in Armação de Pêra offers a fair valuation with a 4.3% gap against the fair market value, which suggests that it is fairly priced for a vacation rental. With a solid gross yield of 3.3%, its potential for generating rental income aligns well with the tourism-driven local economy. Long-term rental A long-term rental strategy for this apartment is feasible given its fair valuation, though the return potential is relatively modest with a gross yield of 3.3%. The neighborhood rating of 71/100 supports a demand for rental units, but the yield may not be compelling for investors seeking high returns. Buy-and-hold Investing in this property as a buy-and-hold strategy appears reasonable, reflecting current fair pricing against its estimated fair value. Although the potential for appreciation is present, the gross yield of 3.3% might not meet the expectations of aggressive investors in a competitive market.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk of economic downturns affecting tenant retention 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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