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, 2-bathroom apartment of 103 m², energy rating D. Located Armação de Pêra parish, Silves municipality, Faro district. This property features a private condominium with a pool, enhancing leisure options and community living in a prime Algarve location, ideal for relaxation and socializing.
The valuation. The asking price of €350,000 is slightly below the fair value of €367,885, positioning it at a 4.9% discount. This indicates the property is priced fairly within the competitive market of Armação de Pêra.
Fair value modelled at €367,885 from 6 comparable sales in the area. Asking €350,000 sits €17,885 (4.9%) below — the upside to fair value.
Asking €350,000 versus the Armação de Pêra, Silves, Faro area baseline of €315,557 (€3,064/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 €315,557, adjusted for condition and micro-location, gives a modelled fair value of €367,885 (€3,572/m²), a €17,885 (4.9%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 2d829b | Subject | €350,000 | €3,398 | — | 72 | 75 |
| Armação de Pêra · 133af1 | Active | €449,000 | €3,592 | 5.7% | 70 | 71 |
| Armação de Pêra · 133a68 | Active | €389,000 | €3,740 | 10.1% | 75 | 74 |
| urbanização Quinta da Torre, 11 | Active | €375,000 | €3,378 | 0.6% | 72 | 71 |
| Armação de Pêra · 831416 | Active | €380,000 | €3,551 | 4.5% | 68 | 73 |
| Median comp | €384,500 | €3,572 | 5.1% | 71 | 72 |
Short-term vacation rental The property offers a gross yield of 4%, which aligns with the expectations for short-term vacation rentals in a highly desirable location. Its proximity to the beach and amenities makes it appealing to tourists, although the property is currently valued fairly according to the market. Buy-and-hold This apartment stands in an attractive area of the Algarve, which continues to be driven by a strong tourism economy, supporting stable long-term appreciation. While priced fairly at €350,000 against a fair value of €367,885, this investment may provide moderate returns over time without significant volatility. Family rental The suitability of this property for family rentals is enhanced by its desirable neighborhood rating of 75/100, providing access to essential amenities and a family-friendly environment. However, with the current pricing reflecting fair value, potential rental returns may not be as robust compared to opportunities that offer a greater yield gap from fair value.
Economic Vulnerability The property's economic stability score of 65/100 suggests potential susceptibility to market fluctuations, which may impact rental income and property value.
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