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 95 m² on the 1st floor, built in 2006, energy rating C. Located Silves parish, Silves municipality, Faro district. Noteworthy Features: The apartment boasts contemporary lighting and a recently renovated bathroom with clean beige tiling, contrasting with dated decorative elements in the hallway.
The valuation. The asking price of €295,000 slightly exceeds the fair value of €292,613 by €2,387, representing a 0.8% premium. This suggests the property is fairly priced in the current market context.
Fair value modelled at €292,613 from 6 comparable sales in the area. Asking €295,000 sits €2,387 (0.8%) above — overpriced versus fair value.
Asking €295,000 versus the Silves, Silves, Faro area baseline of €244,536 (€2,574/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €244,536, adjusted for condition and micro-location, gives a modelled fair value of €292,613 (€3,080/m²), a €2,387 (0.8%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · 2ce20d | Subject | €295,000 | €3,105 | — | 65 | 70 |
| Silves · caa1d3 | Active | €307,500 | €2,929 | 5.7% | 78 | 75 |
| Silves · f469e0 | Active | €295,000 | €3,278 | 5.6% | 68 | 72 |
| Silves · 7caa94 | Active | €265,000 | €3,232 | 4.1% | 75 | 75 |
| rua da Hortelã, 119 | Active | €295,000 | €2,092 | 32.6% | 70 | 71 |
| Median comp | €295,000 | €3,081 | 0.8% | 73 | 74 |
Short-term vacation rental With a gross yield of 4%, this property is positioned in the tourist-driven economy of the Algarve, making it suitable for short-term vacation rentals. However, the fair value indicates a minor gap, suggesting that profitability may be limited at current pricing levels. Long-term rental The 2-bed apartment in Silves exhibits a decent neighborhood rating of 70/100, which supports its potential as a reliable long-term rental option. Nevertheless, with a fair value closely matching the asking price, future capital appreciation could be constrained. Buy-and-hold While the property represents a fair investment in terms of its market standing, the limited gap to fair value implies that significant upside is unlikely in the buy-and-hold strategy. Investors may still benefit from stable returns but should temper expectations regarding substantial growth over time.
Economic Volatility Risk The property is in an area with an economic stability score of 65/100, suggesting potential fluctuations that could affect 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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