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, 4-bathroom villa of 737 m², built in 1871, energy rating E. Located on rua do Moinho da Porta, 15, Silves parish, Silves municipality, Faro district. Noteworthy Features: The property boasts original 19th-century architectural elements, including a historically significant façade and worked ceilings, enhancing its unique character in the heart of Silves.
The valuation. The asking price of €785,000 sits significantly below the fair value of €1,624,624, with a difference of €839,624 (51.7%). Verdict: underpriced. Buy-to-flip angle. A resale strategy here could focus on cosmetic updates and marketing the property as a high-end vacation rental, leveraging Algarve’s tourism appeal. Buy-to-let angle. The villa’s location in a tourism-heavy area allows for strong rental potential, targeting short-term vacation rentals to capitalize on seasonal demand in Algarve.
Fair value modelled at €1,624,624 from 6 comparable sales in the area. Asking €785,000 sits €839,624 (51.7%) below — the upside to fair value.
Asking €785,000 versus the rua do Moinho da Porta, 15 area baseline of €1,237,945 (€1,680/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €1,237,945, adjusted for condition and micro-location, gives a modelled fair value of €1,624,624 (€2,204/m²), a €839,624 (51.7%) gap versus the €785,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Moinho da Porta, 15 | Subject | €785,000 | €1,065 | — | 68 | 69 |
| escadas do Mirante | Active | €290,000 | €2,071 | 94.5% | — | 69 |
| Silves · 43912d | Active | €280,000 | €2,154 | 102.2% | 62 | 65 |
| rua do Monte Branco de Baixo | Active | €330,000 | €1,976 | 85.5% | 70 | 73 |
| Silves · 6fbddb | Active | €380,000 | €2,375 | 123.0% | 80 | 61 |
| Median comp | €310,000 | €2,113 | 98.3% | 70 | 67 |
Short-term vacation rental The property in Silves, listed at €785,000, has a significant gap of 51.7% compared to its fair value of €1,624,624, making it an attractive investment for short-term vacation rentals. Given its location in the Algarve, this strategy leverages the region's tourism focus, maximizing potential returns despite a current gross yield of 0%. Long-term rental With its fair value significantly higher than the listing price, this villa presents a compelling option for long-term rental conversions despite the neighborhood rating of 69/100. The property’s condition rating of 70/100 suggests that, with some improvements, it could command a better rent, capitalizing on Sylves's seasonal employment dynamics. Buy-and-hold As the valuation indicates the property is subvalorizada, it could serve as a foundational asset in a buy-and-hold strategy, potentially appreciating over time. This option is sensible considering the annual tourism influx into the Algarve, which bodes well for property value appreciation.
Economic Vulnerability The property may face risks due to its relatively low economic stability score of 60/100, indicating potential fluctuations in the local economy that could impact 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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