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 102 m² on the 1st floor, energy rating D. Located on avenida General Humberto Delgado, 6, Armação de Pêra parish, Silves municipality, Faro district. This property features a large terrace with sea views, an increasingly rare amenity in Armação de Pêra that enhances its value and appeal.
The valuation. The asking price of €269,000 is significantly below the fair value of €381,591, representing a discount of €112,591 (29.5%). This property is underpriced, making it an attractive investment opportunity.
Fair value modelled at €381,591 from 6 comparable sales in the area. Asking €269,000 sits €112,591 (29.5%) below — the upside to fair value.
Asking €269,000 versus the avenida General Humberto Delgado, 6 area baseline of €379,753 (€3,723/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €379,753, adjusted for condition and micro-location, gives a modelled fair value of €381,591 (€3,741/m²), a €112,591 (29.5%) gap versus the €269,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida General Humberto Delgado, 6 | Subject | €269,000 | €2,637 | — | 52 | 70 |
| Armação de Pêra · 38b4d4 | Active | €245,000 | €4,455 | 68.9% | 58 | 76 |
| rua Projectada 8365-145, 3 | Active | €235,000 | €3,561 | 35.0% | 65 | 74 |
| Porches · 096e13 | Active | €425,000 | €3,346 | 26.9% | 72 | 75 |
| Armação de Pêra · 19087b | Active | €320,000 | €2,645 | 0.3% | 72 | 73 |
| Median comp | €282,500 | €3,454 | 31.0% | 69 | 75 |
Short-term vacation rental The 1-bed apartment in Armação de Pêra is ideal for short-term vacation rentals given its 29.5% gap versus fair value and location in a popular tourist region. With a gross yield of 3.8%, the property offers a solid investment return potential for vacationers looking to enjoy Algarve's coastal beauty. Long-term rental With a fair value significantly higher than the listing price, this apartment presents an advantageous long-term rental opportunity in a neighborhood rated 70/100 for quality. Its proximity to tourist amenities makes it a desirable option for tenants seeking consistent rental income in a sought-after location. Family rental The apartment's generous size of 102m² and decent neighborhood rating make it suitable for families looking for long-term accommodation in a tourist-centric area. The relatively low listing price, compared to its fair value, provides a chance to attract families who prioritize access to amenities and local attractions in the Algarve region.
Economic Challenges The economic stability score of 55/100 indicates a significant risk of financial fluctuations that could affect property value 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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