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, 1-bathroom apartment of 104 m² on the 2nd floor, energy rating D. Located on rua João de Deus, 2S, Alcantarilha e Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment includes two balconies with scenic views of the salt flats, enhancing outdoor living and entertaining opportunities. Energy Efficiency: It is equipped with three air conditioning units for optimal climate control.
The valuation. The property is listed at €340,000, which is €12,912 (3.7%) below its fair value of €352,912. This places the asking price in line with fair market expectations without suggesting the property is undervalued.
Fair value modelled at €352,912 from 6 comparable sales in the area. Asking €340,000 sits €12,912 (3.7%) below — the upside to fair value.
Asking €340,000 versus the rua João de Deus, 2S area baseline of €298,771 (€2,873/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €298,771, adjusted for condition and micro-location, gives a modelled fair value of €352,912 (€3,393/m²), a €12,912 (3.7%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua João de Deus, 2S | Subject | €340,000 | €3,269 | — | 73 | 72 |
| Armação de Pêra · 15e397 | Active | €380,000 | €3,918 | 19.8% | 73 | 66 |
| Armação de Pêra · 1e60bc | Active | €405,000 | €3,000 | 8.2% | 72 | 68 |
| rua das Caravelas | Active | €285,000 | €2,767 | 15.4% | 76 | 72 |
| Armação de Pêra · 0900e5 | Active | €279,000 | €2,818 | 13.8% | 65 | 73 |
| Median comp | €332,500 | €2,909 | 11.0% | 73 | 70 |
Short-term vacation rental The property’s 5.6% gross yield indicates decent potential for short-term vacation rentals, particularly in a tourist-driven area like Algarve. However, with a fair value slightly above the listing price, investors should carefully assess operational costs and occupancy rates to maximize returns. Buy-and-hold This property could serve as a reasonable buy-and-hold investment given its proximity to tourist attractions and amenities that enhance long-term value. With a fair value close to the asking price, prospective buyers should be cautious and consider potential market fluctuations over time. Long-term rental The apartment has the potential for stable long-term rental income, bolstered by the demand from expatriates in the Algarve region. Nevertheless, with its fair valuation, investors should weigh rental projections against market conditions and tenant quality to ensure satisfactory cash flow.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk of economic downturns affecting rental income and property values.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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