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.
1-bedroom, 1-bathroom apartment of 99 m² on the 1st floor, built in 2007, energy rating B. Located on rua Doctor Francisco Neto Cabrita, 10C, Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment includes a barbecue area perfect for socializing and outdoor meals, enhancing the leisure experience typical of Algarve living. Proximity: Located just a 5-minute walk from the beach.
The valuation. The asking price of €279,000 sits below the fair value of €328,643, marking a difference of €49,643 (15.1%). This property is clearly underpriced, offering potential for significant appreciation.
Fair value modelled at €328,643 from 6 comparable sales in the area. Asking €279,000 sits €49,643 (15.1%) below — the upside to fair value.
Asking €279,000 versus the rua Doctor Francisco Neto Cabrita, 10C area baseline of €250,910 (€2,534/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €250,910, adjusted for condition and micro-location, gives a modelled fair value of €328,643 (€3,320/m²), a €49,643 (15.1%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doctor Francisco Neto Cabrita, 10C | Subject | €279,000 | €2,818 | — | 78 | 71 |
| Armação de Pêra · 5b8608 | Active | €450,000 | €3,261 | 15.7% | 75 | 80 |
| avenida Beira Mar | Active | €495,000 | €3,194 | 13.3% | 74 | 65 |
| rua Quinta dos Arcos, 1 | Active | €330,000 | €3,511 | 24.6% | 70 | 74 |
| Armação de Pêra · 831416 | Active | €380,000 | €3,551 | 26.0% | 68 | 73 |
| Median comp | €415,000 | €3,386 | 20.1% | 72 | 74 |
Short-term vacation rental The 1-bed apartment in Armação de Pêra presents an attractive short-term vacation rental opportunity, as its location near the Algarve coast enhances demand during the tourist season. With a fair value gap of 15.1% and a decent gross yield of 3.9%, this property is poised to generate profitable returns in the booming vacation rental market. Long-term rental Investing in this apartment for long-term rental is sound given the solid condition rating of 82/100, alongside a relatively favorable neighborhood rating of 71/100. The combination of a fair value assessment indicates that this property is a good candidate for consistent rental income over time. Buy-and-hold As a buy-and-hold investment, this apartment benefits from favorable market conditions and potential for value appreciation, backed by its 15.1% gap from fair value. The strong tourism trends in the Algarve region position this property well for long-term capital growth and stability in rental income.
Tenant turnover risk The combination of a 65 economic stability score and a 70 tenant stability score indicates a potential risk of increased tenant turnover due to economic fluctuations affecting rental demand.
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