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 house of 106 m², built in 2003, energy rating D. Located on rua de Taipas, 5, Algoz e Tunes parish, Silves municipality, Faro district. Noteworthy Features: The property includes a spacious private terrace accessible from the master suite, offering a privileged view of the pool, enhancing outdoor living and entertainment options.
The valuation. The asking price of €500,000 sits significantly above the fair value of €414,934, representing an overvaluation of €85,066 or 20.5%. This discrepancy indicates the property is overpriced in its current market condition.
Fair value modelled at €414,934 from 6 comparable sales in the area. Asking €500,000 sits €85,066 (20.5%) above — overpriced versus fair value.
Asking €500,000 versus the rua de Taipas, 5 area baseline of €417,340 (€3,937/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €417,340, adjusted for condition and micro-location, gives a modelled fair value of €414,934 (€3,914/m²), a €85,066 (20.5%) gap versus the €500,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Taipas, 5 | Subject | €500,000 | €4,717 | — | 74 | 63 |
| Algoz e Tunes · 937402 | Active | €500,000 | €3,247 | 31.2% | 79 | 74 |
| Algoz e Tunes · 467f4d | Active | €495,000 | €3,960 | 16.0% | 75 | 65 |
| Guia · 3df29b | Active | €595,000 | €3,914 | 17.0% | 76 | 76 |
| rua Teófilo Carvalho dos Santos, 30 | Active | €680,000 | €4,533 | 3.9% | — | 72 |
| Median comp | €547,500 | €3,937 | 16.5% | 76 | 73 |
Long-term rental The property is priced at €500,000, which is 20.5% above the fair value of €414,934, indicating it is OVERPRICED. With a gross yield of only 2.6%, the return on investment is unlikely to justify the elevated purchase price for a long-term rental. Short-term vacation rental Given that the property is 20.5% overpriced at €500,000 compared to the fair value of €414,934, it presents a mismatch for short-term vacation rental prospects. The low gross yield of 2.6% further diminishes its attractiveness as an investment in this tourist-heavy region. Buy-and-hold At a listing price of €500,000, which reflects a 20.5% premium over the fair value of €414,934, this property is clearly OVERPRICED for a buy-and-hold strategy. The modest gross yield of 2.6% does not support a robust long-term growth outlook in the current market conditions.
Economic Vulnerability The economic stability score of 50/100 indicates a moderate risk of downturns impacting property value 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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