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 53 m² on the 6th floor, energy rating D. Located on rua Dom João II, 9, Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: The apartment boasts a private terrace with stunning sea views, ideal for outdoor entertaining, and is situated steps away from local beaches and amenities.
The valuation. The asking price of €370,000 sits significantly above the fair value of €257,163, indicating that the property is overpriced by €112,837 (43.9%).
Fair value modelled at €257,163 from 6 comparable sales in the area. Asking €370,000 sits €112,837 (43.9%) above — overpriced versus fair value.
Asking €370,000 versus the rua Dom João II, 9 area baseline of €216,701 (€4,089/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 €216,701, adjusted for condition and micro-location, gives a modelled fair value of €257,163 (€4,852/m²), a €112,837 (43.9%) gap versus the €370,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Dom João II, 9 | Subject | €370,000 | €6,981 | — | 80 | 76 |
| Armação de Pêra · 28b9c1 | Active | €262,500 | €4,861 | 30.4% | 75 | 70 |
| avenida Beira Mar, 9 | Active | €400,000 | €6,250 | 10.5% | 75 | 67 |
| rua 20 de Junho | Active | €275,000 | €3,481 | 50.1% | 80 | 70 |
| rua José Moura Lapa | Active | €247,000 | €4,843 | 30.6% | 75 | 74 |
| Median comp | €268,750 | €4,852 | 30.5% | 75 | 70 |
Short-term vacation rental The current listing price significantly exceeds the fair value, making this property an overpriced option for short-term vacation rentals, despite the appeal of the Algarve’s tourism boom. With a gross yield of only 2.5%, the financial return does not justify the high entry cost. Family rental As the property is priced 43.9% above its fair value, it does not present a compelling choice for family rentals in the Armação de Pêra market. Furthermore, while the location benefits from good amenities and livability, the yield is insufficient to warrant such a high investment. Buy-and-hold With the property priced well above the fair value, it is an unattractive prospect for a buy-and-hold investment strategy in the current market. The projected yield of 2.5% does not offer an adequate return on such an inflated investment relative to its true market value.
Economic Vulnerability A score of 65/100 in economic stability indicates potential risks due to adverse economic conditions that could affect property value and rental demand.
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