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 68 m², energy rating C. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Feature: The property is located within a renowned condominium with a communal pool, offering a relaxing escape just steps from the vibrant beach and town center, making it ideal for leisure.
The valuation. The asking price of €315,000 sits significantly above the fair value of €241,777, creating an overpriced scenario with a discrepancy of €73,223 (30.3%). The property does not align with the market value.
Fair value modelled at €241,777 from 6 comparable sales in the area. Asking €315,000 sits €73,223 (30.3%) above — overpriced versus fair value.
Asking €315,000 versus the Armação de Pêra, Silves, Faro area baseline of €202,688 (€2,981/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €202,688, adjusted for condition and micro-location, gives a modelled fair value of €241,777 (€3,556/m²), a €73,223 (30.3%) gap versus the €315,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 096f1b | Subject | €315,000 | €4,632 | — | 72 | 73 |
| Porches · 38b6f8 | Active | €395,000 | €4,877 | 5.3% | 75 | 70 |
| rua Dom João II | Active | €347,500 | €4,513 | 2.6% | 78 | 75 |
| Armação de Pêra · 15e397 | Active | €380,000 | €3,918 | 15.4% | 73 | 66 |
| rua das Caravelas | Active | €285,000 | €2,767 | 40.3% | 76 | 72 |
| Median comp | €363,750 | €4,216 | 9.0% | 76 | 71 |
Short-term vacation rental The property is overpriced by 30.3%, which diminishes its potential profitability as a short-term rental given the current yield of only 3.5%. Additionally, while Armação de Pêra attracts tourists, the elevated price point puts significant pressure on generating sufficient returns. Buy-and-hold With a fair value significantly lower than the listing price, this property may yield returns below expectations if held long-term. The 3.5% gross yield does not justify the purchase at €315,000, leading to concerns about future capital appreciation. Family rental The current price exceeds fair value by 30.3%, making this option less appealing for long-term family renters seeking value for money. Furthermore, the neighborhood rating of 73/100 might not be enough to attract tenants willing to pay a premium given the high asking price. Not ideal for: Student housing, Luxury market, Industrial investment
Economic vulnerability With an economic stability score of 65/100, the property may face potential income fluctuations, affecting long-term profitability.
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