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 country_house of 163 m², built in 2016, energy rating A+. Located Silves parish, Silves municipality, Faro district. The property features a fully independent guest apartment, providing versatile accommodation options, including rental potential, alongside a meticulously landscaped private garden with an outdoor kitchen and pergola.
The valuation. The asking price of €599,000 is significantly below the fair value of €865,688, indicating an undervalued opportunity by €266,688 (30.8%). This presents a favorable situation for potential investors.
Fair value modelled at €865,688 from 6 comparable sales in the area. Asking €599,000 sits €266,688 (30.8%) below — the upside to fair value.
Asking €599,000 versus the Silves, Silves, Faro area baseline of €748,305 (€4,591/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €748,305, adjusted for condition and micro-location, gives a modelled fair value of €865,688 (€5,311/m²), a €266,688 (30.8%) gap versus the €599,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · c839e5 | Subject | €599,000 | €3,675 | — | 76 | 61 |
| Silves · ba5764 | Active | €1,100,000 | €7,692 | 109.3% | 78 | 68 |
| Silves · 89e5fe | Active | €489,000 | €6,113 | 66.3% | 85 | 73 |
| urbanização Cerro São Miguel Estação de Silves | Active | €770,000 | €4,010 | 9.1% | 75 | 75 |
| Silves · ba575d | Active | €1,195,000 | €4,509 | 22.7% | 83 | 76 |
| Median comp | €935,000 | €5,311 | 44.5% | 81 | 74 |
Short-term vacation rental With a fair value of €865,688, this 3-bed country house in Silves presents a potential opportunity for short-term vacation rentals, given its attractive pricing at €599,000. The tourist-driven economy of the Algarve creates a strong demand for such rental properties, although the current yield stands at 0% gross. Buy-and-hold Acquiring this property for long-term holding makes sense due to its undervalued status with a pricing gap of 30.8% compared to fair value, allowing for appreciation over time as the local market stabilizes. The solid condition score of 78/100 suggests that minimal initial investments may be needed to maintain its value. Value-add renovation Investors could explore value-add renovation strategies, as the property is priced substantially below its fair value and has a high-condition rating. Renovating this house could enhance its appeal for short-term rentals, capitalizing on the thriving tourist market in Silves while improving overall property valuation.
Economic and Tenant Instability: With both economic and tenant stability scores at 55/100, there is a heightened risk of volatility in rent collection and potential property value declines due to unstable market conditions.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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