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, 1-bathroom apartment of 119 m², built in 2003. Located São Bartolomeu de Messines parish, Silves municipality, Faro district. This apartment features an independent back entrance and a fireplace in the living room, enhancing privacy and warmth in the living space.
The valuation. The asking price of €345,000 sits €18,495 (5.1%) below the fair value of €363,495. This positions the property at a fair valuation, reflective of its condition and location within the market.
Fair value modelled at €363,495 from 6 comparable sales in the area. Asking €345,000 sits €18,495 (5.1%) below — the upside to fair value.
Asking €345,000 versus the São Bartolomeu de Messines, Silves, Faro area baseline of €299,751 (€2,519/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €299,751, adjusted for condition and micro-location, gives a modelled fair value of €363,495 (€3,055/m²), a €18,495 (5.1%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Bartolomeu de Messines · e3a97e | Subject | €345,000 | €2,899 | — | 67 | 64 |
| São Bartolomeu de Messines · 57f5b0 | Active | €320,000 | €3,048 | 5.1% | 65 | 70 |
| rua Senhora da Saúde | Active | €355,000 | €3,550 | 22.4% | 70 | 70 |
| São Bartolomeu de Messines · 261de5 | Active | €230,000 | €2,771 | 4.4% | 65 | 72 |
| São Bartolomeu de Messines · 96c450 | Active | €199,000 | €3,062 | 5.6% | 71 | 71 |
| Median comp | €275,000 | €3,055 | 5.4% | 68 | 71 |
Long-term rental The property in São Bartolomeu de Messines offers a fair value alignment with the listing price, with just a 5.1% gap, making it a stable investment for long-term rental. However, with a gross yield of 0% and a tenant quality score of 64/100, it may struggle to attract long-term tenants. Short-term vacation rental Given the fair market positioning and the appeal of the Algarve region to tourists, this property could serve as a viable option for short-term vacation rentals. Nevertheless, the current condition score of 72/100 suggests potential upgrades may be needed to maximize rental appeal. Buy-and-hold As a buy-and-hold investment, the apartment presents a reasonable opportunity due to its alignment with fair market value, contributing to longer-term capital appreciation in a sought-after area. The 0% gross yield indicates that immediate cash flow may be limited, but the potential of the Algarve market could yield positive returns over time.
Economic Vulnerability With an economic stability score of 55/100, the property may be susceptible to fluctuations in the local economy, impacting rental income and investment returns. Tenant Instability A tenant stability score of 62/100 indicates that there may be a moderate risk of tenant turnover, potentially affecting consistent cash flow.
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