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, 2-bathroom apartment of 98 m², built in 2024, energy rating B. Located Armação de Pêra parish, Silves municipality, Faro district. The apartment features a generous balcony that seamlessly extends the living space outdoors, offering an ideal setting for leisure and relaxation.
The valuation. The asking price of €470,000 is slightly above the fair value of €460,670, reflecting a difference of €9,330 (2.0%). Thus, the property is evaluated as fair. Buy-to-flip angle. The resale strategy involves capitalizing on the popular tourist demand in Armação de Pêra, enhancing property appeal, and listing it competitively shortly after minor renovations. Buy-to-let angle. With a gross yield of 0%, pursuing a long-term rental or short-term vacation rental strategy could optimize income potential, leveraging the area's tourist attraction.
Fair value modelled at €460,670 from 6 comparable sales in the area. Asking €470,000 sits €9,330 (2.0%) above — overpriced versus fair value.
Asking €470,000 versus the Armação de Pêra, Silves, Faro area baseline of €369,792 (€3,773/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 88/100 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 €369,792, adjusted for condition and micro-location, gives a modelled fair value of €460,670 (€4,701/m²), a €9,330 (2.0%) gap versus the €470,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · c1224c | Subject | €470,000 | €4,796 | — | 96 | 73 |
| avenida General Humberto Delgado S / N | Active | €695,000 | €4,860 | 1.3% | 85 | 80 |
| Alcantarilha e Pêra · 626f91 | Active | €495,000 | €4,541 | 5.3% | 85 | 62 |
| Porches · 6d514f | Active | €420,000 | €4,158 | 13.3% | 75 | 75 |
| Alcantarilha e Pêra · 19f5d7 | Active | €395,000 | €5,725 | 19.4% | 75 | 70 |
| Median comp | €457,500 | €4,701 | 2.0% | 80 | 73 |
Short-term vacation rental Given its location in a popular tourist area within the Algarve region, this property benefits from high demand for holiday accommodations, but the gross yield is currently at 0%. The competitive landscape and regional economic drivers suggest that this property, priced at €470,000, is presenting stable but limited income potential, leading to a fair valuation relative to market conditions. Long-term rental While the attractive amenities and low crime rate contribute positively to tenant appeal, the current market pricing indicates a yield of 0% which may not justify the investment for long-term rental purposes. Thus, the property's fair value of €460,670 aligns with its overall condition and neighborhood ratings, but rent income is unlikely to provide significant returns for landlords in this context.
Economic Vulnerability The property is at risk due to an economic stability score of 60/100, indicating potential fluctuations in income or market conditions.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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