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 138 m² on the 4th floor, built in 2008, energy rating B. Located Armação de Pêra parish, Silves municipality, Faro district. This apartment features a private balcony with unobstructed sea views, perfect for enjoying sunsets, and is situated within a secure condominium offering a swimming pool for residents.
The valuation. The asking price of €450,000 is positioned just below the fair value of €478,360, indicating a difference of €28,360 (5.9%). This property is assessed as fair.
Fair value modelled at €478,360 from 6 comparable sales in the area. Asking €450,000 sits €28,360 (5.9%) below — the upside to fair value.
Asking €450,000 versus the Armação de Pêra, Silves, Faro area baseline of €385,297 (€2,792/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €385,297, adjusted for condition and micro-location, gives a modelled fair value of €478,360 (€3,466/m²), a €28,360 (5.9%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 5b8608 | Subject | €450,000 | €3,261 | — | 75 | 80 |
| urbanização Quinta da Torre, 11 | Active | €375,000 | €3,378 | 3.6% | 72 | 71 |
| Armação de Pêra · 831416 | Active | €380,000 | €3,551 | 8.9% | 68 | 73 |
| Armação de Pêra · cbc039 | Active | €399,000 | €3,381 | 3.7% | 68 | 76 |
| Armação de Pêra · f14d96 | Active | €375,000 | €3,750 | 15.0% | 75 | 70 |
| Median comp | €377,500 | €3,466 | 6.3% | 70 | 72 |
Short-term vacation rental The property's yield of 3.1% gross suggests a moderate return potential for short-term vacation rentals, particularly given its location in the touristic Algarve. However, with a fair value gap of only 5.9% and the property priced at €450,000, the investment may not offer significant short-term rental advantages to justify a premium pricing. Buy-and-hold Considering the fair value analysis, the €450,000 listing price is reasonable, reflecting the apartment's decent condition rating of 77/100 and the area's strong tourism appeal. While this investment could appreciate over time, the close alignment to fair value limits immediate upside potential for investors looking for significant long-term gains. Long-term rental The location's stable amenities and low crime rate make this property suitable for long-term rental, though the gross yield of 3.1% indicates modest returns. Given the fair pricing at €450,000, stakeholders should be aware that the current market dynamics may not support aggressive long-term rent increases in the near future.
Tenant turnover risk High tenant turnover could negatively impact cash flow, particularly if tenant stability is only rated at 80/100, suggesting potential vacancy issues.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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