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 58 m² on the 1st floor, built in 1980, energy rating D. Located on rua Serpa Pinto, Silves parish, Silves municipality, Faro district. This apartment features a seamlessly integrated open-concept kitchen with high-quality finishes that enhance both functionality and aesthetic appeal, perfect for modern living.
The valuation. The asking price of €230,000 exceeds the fair value of €205,966 by €24,034 (11.7%), positioning this property as overpriced within the current market.
Fair value modelled at €205,966 from 6 comparable sales in the area. Asking €230,000 sits €24,034 (11.7%) above — overpriced versus fair value.
Asking €230,000 versus the rua Serpa Pinto area baseline of €158,618 (€2,735/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 €158,618, adjusted for condition and micro-location, gives a modelled fair value of €205,966 (€3,551/m²), a €24,034 (11.7%) gap versus the €230,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Serpa Pinto | Subject | €230,000 | €3,966 | — | 80 | 80 |
| rua Elias Garcia, 16 | Active | €210,000 | €3,750 | 5.4% | 80 | 72 |
| rua Cruz de Portugal S / N | Active | €295,000 | €3,352 | 15.5% | 78 | 63 |
| Silves · 03248f | Active | €255,000 | €2,684 | 32.3% | 72 | 71 |
| Silves · 9388db | Active | €285,000 | €5,000 | 26.1% | 78 | 61 |
| Median comp | €270,000 | €3,551 | 10.5% | 78 | 67 |
Short-term vacation rental The current listing of €230,000 for this 1-bed apartment in Silves is a notable 11.7% above its fair value of €205,966, indicating that it is overpriced for short-term vacation rental purposes. Despite its decent condition score of 82/100 and a favorable location, the yield of 3.6% does not justify the premium asking price. Long-term rental With a fair value of €205,966, the apartment’s listing price reflects an 11.7% premium, positioning it as overpriced in the long-term rental market. The local demand driven by its proximity to the Algarve coast does not sufficiently offset the cost discrepancy, making this investment less attractive. Buy-and-hold While the apartment is situated in a tourist-friendly location with a reasonable condition score, its price of €230,000 exceeds the fair value by 11.7%, indicating it is overpriced for a buy-and-hold strategy. The potential for future appreciation is undermined by the current high entry cost relative to its fair market value.
Economic vulnerability The economic stability score of 70/100 indicates a moderate risk due to potential fluctuations in the local market affecting overall returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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