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.
1-bedroom, 1-bathroom apartment of 54 m², built in 1996, energy rating E. Located on rua Francisco Oliveira Santos S / N, Armação de Pêra parish, Silves municipality, Faro district. This apartment features a dedicated parking space and is located just 100 meters from the beach, offering both convenience and proximity to the vibrant seaside lifestyle.
The valuation. The asking price of €245,000 sits €20,164 (9.0%) above the fair value of €224,836, indicating the property is fairly priced. This aligns well with overall market conditions in Armação de Pêra. Buy-to-flip angle. The buy-to-flip strategy could capitalize on the demand for vacation rentals in the Algarve, aiming for quick resale at a premium during peak tourist seasons. Potential renovations may elevate market appeal without significant investment. Buy-to-let angle. A long-term rental strategy could yield an estimated monthly income of €796, reflecting a gross yield of 3.9%, which aligns well with local rental trends. The established tourist and expat community provides consistent rental demand.
Fair value modelled at €224,836 from 5 comparable sales in the area. Asking €245,000 sits €20,164 (9.0%) above — overpriced versus fair value.
Asking €245,000 versus the rua Francisco Oliveira Santos S / N area baseline of €212,418 (€3,934/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €212,418, adjusted for condition and micro-location, gives a modelled fair value of €224,836 (€4,164/m²), a €20,164 (9.0%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Francisco Oliveira Santos S / N | Subject | €245,000 | €4,537 | — | 65 | 75 |
| rua das Areias | Active | €229,000 | €4,164 | 8.2% | 60 | 71 |
| avenida General Humberto Delgado, 58 | Active | €200,000 | €3,922 | 13.6% | — | 77 |
| rua Quinta das Palmeiras, 3C | Active | €309,000 | €4,120 | 9.2% | — | 73 |
| Armação de Pêra · 6c779f | Active | €189,000 | €5,727 | 26.2% | 66 | 70 |
| Median comp | €214,500 | €4,142 | 8.7% | 63 | 72 |
Short-term vacation rental The apartment presents a fair investment opportunity for short-term vacation rentals, with a reasonable gross yield of 3.9%. However, the property's condition rating of 62/100 suggests that some renovation may be necessary to enhance guest appeal and boost occupancy rates. Long-term rental As a long-term rental investment, the property aligns with the local market dynamics, given the neighbourhood score of 75/100 which indicates decent tenant quality. The gap of 9.0% from its fair value reinforces its positioning as a steady yield candidate in the region's rental market. Buy-and-hold Investing in this property as a buy-and-hold strategy could be appealing, especially given the Algarve's established tourism trend which supports property value stability. Despite being formally rated as fair, the anticipated rental income may not yield significant capital appreciation over the long term, indicating a potential limit in return on investment for the buy-and-hold approach.
Economic Vulnerability With an economic stability score of 65/100, there is a risk that potential economic downturns could impact rental income and property value.
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