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 80 m², built in 1988, energy rating D. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment boasts a large terrace complete with a built-in barbecue, perfect for outdoor entertaining, and includes a garage for added convenience in a bustling location.
The valuation. The asking price of €425,000 sits €29,970 (7.6%) above the fair value of €395,030, indicating that the property is valued fairly without significant discounts or premiums. This aligns with the overall market conditions in the area.
Fair value modelled at €395,030 from 6 comparable sales in the area. Asking €425,000 sits €29,970 (7.6%) above — overpriced versus fair value.
Asking €425,000 versus the Armação de Pêra, Silves, Faro area baseline of €374,044 (€4,676/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 is below the parish average, reducing 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 €374,044, adjusted for condition and micro-location, gives a modelled fair value of €395,030 (€4,938/m²), a €29,970 (7.6%) gap versus the €425,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 76b505 | Subject | €425,000 | €5,313 | — | 55 | 69 |
| rua Álvaro Gomes, 3 | Active | €350,000 | €3,211 | 39.6% | 60 | 73 |
| rua do Alentejo | Active | €280,000 | €5,600 | 5.4% | 65 | 72 |
| rua Centro, 7 | Active | €270,000 | €4,909 | 7.6% | 64 | 75 |
| avenida General Humberto Delgado | Active | €298,000 | €4,967 | 6.5% | 50 | 80 |
| Median comp | €289,000 | €4,938 | 7.0% | 62 | 74 |
Short-term vacation rental This 2-bed apartment in Armação de Pêra presents a fair value alignment with its current listing at €425,000, reflecting a modest 7.6% gap. With a gross yield of 2.7% and a neighborhood rating of 69/100, it may attract tourists, but the current yield does not suggest significant profit potential in the short-term rental market. Buy-and-hold The investment in this apartment is fairly priced at €425,000, which is relatively close to its fair value of €395,030 with only a 7.6% gap. With a decent condition score of 63/100, it offers stable long-term investment prospects, albeit with modest cash returns given the 2.7% yield. Family rental As a family rental opportunity, this property is listed at €425,000, near its calculated fair value, indicating it is fairly positioned in the market. With a neighborhood rating of 69/100, it likely appeals to families; however, the yield remains modest at 2.7%, which may limit profitability compared to other potential investment strategies.
Economic Dependence Risk The economic stability score of 65/100 indicates a potential vulnerability to local economic downturns, which could impact tenant stability and 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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