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, 2-bathroom apartment of 90 m² on the 3rd floor, built in 1974, energy rating D. Located Silves parish, Silves municipality, Faro district. Noteworthy Features: This apartment showcases a blend of mid-century charm and modern updates with its renovated kitchen and bathrooms, while benefiting from a low monthly condominium fee of just €35.
The valuation. The asking price of €285,000 sits €53,792 (23.3%) above the fair value of €231,208, indicating that the property is overpriced. This overvaluation may limit the investment’s appeal to potential buyers. Buy-to-flip angle. A buy-to-flip strategy would involve renovating the apartment to enhance its resale value, targeting a quick turnaround in a flourishing tourist market. By investing in upgrades, the goal would be to list the property at a higher price. Buy-to-let angle. The buy-to-let approach would capitalize on steady rental demand in the Silves area, aiming for an estimated gross yield of 4%. With potential monthly rental income of €950, this strategy can provide a consistent revenue stream.
Fair value modelled at €231,208 from 6 comparable sales in the area. Asking €285,000 sits €53,792 (23.3%) above — overpriced versus fair value.
Asking €285,000 versus the Silves, Silves, Faro area baseline of €191,813 (€2,131/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €191,813, adjusted for condition and micro-location, gives a modelled fair value of €231,208 (€2,569/m²), a €53,792 (23.3%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · 2ce0e8 | Subject | €285,000 | €3,167 | — | 65 | 66 |
| Silves · f35ea5 | Active | €295,000 | €2,757 | 12.9% | 78 | 67 |
| rua Doutor Nobre de Oliveira, 15 | Active | €250,000 | €2,381 | 24.8% | 55 | 63 |
| Silves · 7caa94 | Active | €265,000 | €3,232 | 2.1% | 75 | 75 |
| Silves · caa1d3 | Active | €307,500 | €2,929 | 7.5% | 78 | 75 |
| Median comp | €280,000 | €2,843 | 10.2% | 77 | 71 |
Short-term vacation rental Despite its location in a tourist-friendly area, the 23.3% gap above fair value suggests that this property is currently overpriced for short-term rental opportunities. The gross yield of 4% fails to justify the premium being requested, limiting potential profitability. Long-term rental At a listing price of €285,000, this apartment is overpriced relative to its fair value of €231,208, which poses a challenge for long-term rental viability. With an adequate condition score of 67/100 and neighbourhood rating of 66/100, the property may struggle to attract quality tenants at a rate that compensates for its inflated price. Buy-and-hold While investing for appreciation is common in the Algarve's housing market, the significant markup of 23.3% indicates this property is overpriced for a buy-and-hold strategy. The moderate yield and condition ratings suggest that future value appreciation may not align with the elevated purchase price, raising concerns for long-term investment returns.
Economic Vulnerability The economic stability score of 55/100 indicates a heightened risk of fluctuations in local market conditions that could adversely affect property value and rental income.
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