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 132 m² on the 3rd floor, built in 2003, energy rating C. Located Armação de Pêra parish, Silves municipality, Faro district. This apartment features a generous balcony overlooking lush surroundings, enhancing outdoor living while being steps away from both the beach and local amenities.
The valuation. The asking price of €340,000 is positioned significantly below fair value at €464,444, with a discrepancy of €124,444 (26.8%). Verdict: underpriced.
Fair value modelled at €464,444 from 6 comparable sales in the area. Asking €340,000 sits €124,444 (26.8%) below — the upside to fair value.
Asking €340,000 versus the Armação de Pêra, Silves, Faro area baseline of €428,340 (€3,245/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €428,340, adjusted for condition and micro-location, gives a modelled fair value of €464,444 (€3,519/m²), a €124,444 (26.8%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 57f559 | Subject | €340,000 | €2,576 | — | 72 | 71 |
| Armação de Pêra · f14d96 | Active | €375,000 | €3,750 | 45.6% | 75 | 70 |
| Armação de Pêra · 831416 | Active | €380,000 | €3,551 | 37.9% | 68 | 73 |
| Armação de Pêra · cbc039 | Active | €399,000 | €3,381 | 31.3% | 68 | 76 |
| urbanização Quinta da Torre, 11 | Active | €375,000 | €3,378 | 31.2% | 72 | 71 |
| Median comp | €377,500 | €3,466 | 34.6% | 70 | 72 |
Short-term vacation rental The property is located in a tourist-heavy area of Algarve, making it ideal for a short-term vacation rental with a projected yield of 4.3%. Given the significant gap of 26.8% from the fair value of €464,444, this investment offers a solid opportunity for strong rental returns. Long-term rental While the yield of 4.3% is moderate, the apartment's strategic location in a safe area with quality amenities positions it well for long-term rental potential. With the property being listed at €340,000, significantly below its fair value, investors can expect a stable income stream. Buy-and-hold Acquiring this apartment as a buy-and-hold asset presents a promising long-term investment strategy, particularly given the ongoing attractiveness of the Algarve for both tourists and future residents. The current listing price of €340,000, well beneath its fair value, underscores the potential for capital appreciation over time.
Economic downturn risk With an economic stability score of 65/100, there is a potential risk of economic downturn affecting the tenant demand and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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