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.
5-bedroom, 4-bathroom duplex of 162 m², built in 2006, energy rating E. Located Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: The duplex includes expansive outdoor space of 412.80m², ideal for renovation potential or landscaping, while its proximity to local amenities enhances everyday living convenience.
The valuation. The asking price of €560,000 sits €12,837 (2.3%) above the fair value of €547,163, indicating the property is priced fairly within the current market context.**
Fair value modelled at €547,163 from 6 comparable sales in the area. Asking €560,000 sits €12,837 (2.3%) above — overpriced versus fair value.
Asking €560,000 versus the Armação de Pêra, Silves, Faro area baseline of €589,216 (€3,637/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 €589,216, adjusted for condition and micro-location, gives a modelled fair value of €547,163 (€3,378/m²), a €12,837 (2.3%) gap versus the €560,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · 51ce37 | Subject | €560,000 | €3,457 | — | 48 | 70 |
| rua das Palmeiras S / N | Active | €285,000 | €2,822 | 18.4% | 58 | 75 |
| Porches · f14ba3 | Active | €334,000 | €3,374 | 2.4% | 70 | 77 |
| Armação de Pêra · cbc039 | Active | €399,000 | €3,381 | 2.2% | 68 | 76 |
| Armação de Pêra · f14d7e | Active | €450,000 | €2,473 | 28.5% | 80 | 75 |
| Median comp | €366,500 | €3,098 | 10.4% | 69 | 76 |
Short-term vacation rental The property is fairly priced at €560,000, slightly above the calculated fair value of €547,163 by just 2.3%. However, with a gross yield of 0%, the investment does not capitalize on the high tourist demand in the Algarve effectively. Long-term rental At the current listing price, the property remains a fair investment; potential long-term rental returns may not justify the upscale price point as the gross yield stands at 0%. With a neighborhood rating of 70/100, it offers moderate appeal but lacks significant tenant quality to drive higher rental income. Buy-and-hold Though the property is fairly valued at €560,000, the modest yield and condition score of 55/100 suggest limited appreciation potential in the long term. Investors should proceed with caution, considering Armação de Pêra's seasonal market dynamics may affect future value growth.
Economic Vulnerability The economic stability score of 55/100 indicates a heightened risk of economic fluctuations that could impact rental income and property value negatively.
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