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, 2-bathroom house of 112 m², energy rating C. Located on rua Doutor Francisco Vieira, 24, Silves parish, Silves municipality, Faro district. This property features a private rooftop terrace with views of the historic arch of Silves' fortifications, perfect for outdoor dining or relaxing against a stunning backdrop.
The valuation. The asking price of €335,000 is €16,919 below the fair value of €351,919, indicating that the property is fairly priced. This presents a reasonable opportunity for investment without concerns of overvaluation.
Fair value modelled at €351,919 from 6 comparable sales in the area. Asking €335,000 sits €16,919 (4.8%) below — the upside to fair value.
Asking €335,000 versus the rua Doutor Francisco Vieira, 24 area baseline of €269,096 (€2,403/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €269,096, adjusted for condition and micro-location, gives a modelled fair value of €351,919 (€3,142/m²), a €16,919 (4.8%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Francisco Vieira, 24 | Subject | €335,000 | €2,991 | — | 76 | 72 |
| Silves · 6d5373 | Active | €325,000 | €2,778 | 7.1% | 75 | 64 |
| Silves · 09013f | Active | €430,000 | €4,778 | 59.7% | 74 | 66 |
| Silves · 023943 | Active | €575,000 | €2,255 | 24.6% | 72 | 80 |
| Silves · 6fbddb | Active | €380,000 | €2,375 | 20.6% | 80 | 61 |
| Median comp | €405,000 | €2,577 | 13.9% | 75 | 65 |
Short-term vacation rental The property’s proximity to the Algarve coast positions it well for short-term vacation rentals, capturing seasonal tourism demand. With a fair value of €351,919, this property is priced within a reasonable range for vacation rental opportunities, yielding 4.9% gross. Long-term rental As a well-maintained 3-bed house with a solid condition rating of 79/100, this property is suitable for long-term rental, appealing to families or professionals seeking stable housing in a tourist-friendly area. Given its fair valuation and a tenant quality rating of 72/100, it represents a consistent investment option without being particularly underpriced or overpriced. Buy-and-hold The house serves as a viable buy-and-hold investment due to its steady yield of 4.9% gross and fair market valuation, indicating a balance between price and potential returns. Over time, this property in Silves can benefit from appreciation while providing consistent rental income in the seasonal tourist market.
Economic Vulnerability The property faces potential economic instability given its economic stability score of 65/100, which may lead to decreased property value and tenant turnover.**
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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