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, 1-bathroom apartment of 139 m², built in 1990, energy rating E. Located on rua General Humberto Delgado, 16, Algoz e Tunes parish, Silves municipality, Faro district. Noteworthy Features: This apartment includes two versatile interior spaces with windows, enhancing the potential for customization and creative design tailored to various lifestyle needs. Private Outdoor Space: A nearly 30 m2 private terrace offers ample opportunity for outdoor living and entertaining in the pleasant Algarvian climate.
The valuation. The asking price of €279,000 is significantly below the fair value of €361,108, representing an underpricing of €82,108 (22.7%). This positions the property as an attractive investment opportunity for savvy buyers.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua General Humberto Delgado, 16 | Subject | €279,000 | €2,007 | — | — | 66 |
| Algoz e Tunes · ab71a7 | Active | €350,000 | €1,768 | 11.9% | 75 | 75 |
| Algoz e Tunes · 38b5b7 | Active | €365,000 | €2,607 | 29.9% | 75 | 70 |
| largo 1° de Dezembro, 1 | Active | €365,000 | €2,607 | 29.9% | 72 | 70 |
| Ferreiras · 3a709c | Active | €449,000 | €2,201 | 9.7% | 70 | 70 |
| Median comp | €365,000 | €2,404 | 19.8% | 74 | 70 |
Short-term vacation rental The property presents a significant opportunity for short-term vacation rental given its attractive location in the Algarve region, which is heavily influenced by seasonal tourism. With a fair value of €361,108, the property is currently listed at €279,000, representing an underpriced scenario of 22.7% that could yield considerable returns. Buy-and-hold Investing in this property as a long-term hold is strategically sound because of its positive neighborhood rating of 66/100, suggesting decent tenant quality. At a price of €279,000 against a fair value of €361,108, this acquisition offers a robust margin of safety for future appreciation. Value-add renovation The property's condition rating of 0/100 signals a compelling value-add opportunity, providing potential for significant enhancements and increased rental income. Given the substantial difference between the listing price of €279,000 and the fair value of €361,108, strategic renovations could dramatically elevate both the property value and yields over time.
Economic Vulnerability With an economic stability score of 60/100, there is a risk of increased vacancies or reduced rental income due to potential downturns in the local economy affecting tenant demand.
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