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, 1-bathroom apartment of 66 m². Located Armação de Pêra parish, Silves municipality, Faro district. The apartment features a spacious balcony ideal for outdoor relaxation, enhancing its appeal for both personal use and rental opportunities.
The valuation. The asking price of €285,000 is slightly below the fair value of €297,429, positioning it at a 4.2% discount. This makes the property a solid option aligning with market expectations.
Fair value modelled at €297,429 from 6 comparable sales in the area. Asking €285,000 sits €12,429 (4.2%) below — the upside to fair value.
Asking €285,000 versus the Armação de Pêra, Silves, Faro area baseline of €265,086 (€4,016/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €265,086, adjusted for condition and micro-location, gives a modelled fair value of €297,429 (€4,506/m²), a €12,429 (4.2%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 9d29f7 | Subject | €285,000 | €4,318 | — | 76 | 68 |
| Armação de Pêra · 15e397 | Active | €380,000 | €3,918 | 9.3% | 73 | 66 |
| rua das Caravelas | Active | €279,000 | €4,810 | 11.4% | 72 | 68 |
| rua do Alentejo | Active | €515,000 | €3,787 | 12.3% | 72 | 71 |
| rua Vila Nossa Senhora da Rocha, 2D | Active | €500,000 | €5,000 | 15.8% | 80 | 73 |
| Median comp | €440,000 | €4,364 | 1.1% | 73 | 70 |
Short-term vacation rental The property’s fair value alignment suggests it can reasonably attract seasonal tourists, yet the slight price gap underlines that potential yield may not be optimal for short-term returns. With the gross yield at 3.9%, investors should weigh seasonal fluctuations carefully, given the reliance on tourism in the Algarve. Long-term rental Despite the fair value assessment, the property presents modest yield potential for long-term rental strategies, which can be further impacted by the local economic climate relying heavily on tourism. The 68/100 neighborhood rating suggests adequate tenant quality, but average performance expectations must be managed. Buy-and-hold Strategically, this purchase aligns with a buy-and-hold approach, allowing for potential property appreciation over the long term in the tourist-heavy Algarve region. However, given the fair valuation, investors should be prepared for gradual growth rather than immediate gains, as the property does not present exceptional upside potential at this listing price.
Economic Volatility Risk The economic stability score of 65 indicates potential fluctuations in the market that could affect 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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