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 111 m², built in 1993, energy rating D. Located Silves parish, Silves municipality, Faro district. Highlight: The apartment boasts a substantial 53m² panoramic terrace ideal for outdoor living, and features a versatile annex that enhances functionality for various uses.
The valuation. The asking price of €249,000 sits below the fair value of €304,971, indicating a significant discount of €55,971 (18.4%). This suggests the property is underpriced, presenting a promising opportunity for acquisition.
Fair value modelled at €304,971 from 6 comparable sales in the area. Asking €249,000 sits €55,971 (18.4%) below — the upside to fair value.
Asking €249,000 versus the Silves, Silves, Faro area baseline of €247,806 (€2,232/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 €247,806, adjusted for condition and micro-location, gives a modelled fair value of €304,971 (€2,747/m²), a €55,971 (18.4%) gap versus the €249,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · 51d07d | Subject | €249,000 | €2,243 | — | 62 | 72 |
| Silves · 7caa94 | Active | €265,000 | €3,232 | 44.1% | 75 | 75 |
| Silves · 7cac1d | Active | €325,000 | €2,390 | 6.5% | 73 | 72 |
| rua Amália Rodrigues, 5 | Active | €315,000 | €2,250 | 0.3% | 61 | 70 |
| Silves · 38b748 | Active | €295,000 | €2,107 | 6.1% | 78 | 64 |
| Median comp | €305,000 | €2,320 | 3.4% | 74 | 71 |
Long-term rental This 1-bed apartment in Silves offers an opportunity for long-term rental, given its reasonable pricing relative to fair market value, indicating an attractive entry point for landlords. The apartment's location in Algarve, coupled with a satisfactory condition score of 70/100, makes it appealing to both retirees and local residents seeking stability in a desirable region. Short-term vacation rental Positioned in a prime tourist area of Algarve, this property can capitalize on the seasonal demand for short-term vacation rentals, despite its current yield being 0%. With a neighborhood score of 72/100, indicating decent amenities, it is likely to attract holidaymakers looking for comfort and convenient access to local attractions. Buy-and-hold The disparity between the listing price and its fair market value suggests that this apartment is a strong candidate for a buy-and-hold strategy, allowing for potential appreciation over time. Given the positive demographic trends in the region and low crime rates, the property stands to benefit from consistent demand, providing long-term capital growth. Not ideal for: Student housing, Industrial property, Luxury market
Economic Vulnerability With an economic stability score of 65/100, there is a heightened risk of economic downturn affecting property values and rental income potential negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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