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 duplex of 106 m², built in 2005, energy rating C. Located Silves parish, Silves municipality, Faro district. Property Feature: The duplex includes a pantry adjacent to the kitchen for additional storage and organizational convenience, enhancing the functional living space.
The valuation. The asking price of €298,000 is €12,429 or 4.0% below the fair value of €310,429, indicating a fair market opportunity. This duplex's price reflects accurate valuation in line with current market conditions.
Fair value modelled at €310,429 from 5 comparable sales in the area. Asking €298,000 sits €12,429 (4.0%) below — the upside to fair value.
Asking €298,000 versus the Silves, Silves, Faro area baseline of €272,086 (€2,567/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €272,086, adjusted for condition and micro-location, gives a modelled fair value of €310,429 (€2,929/m²), a €12,429 (4.0%) gap versus the €298,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · e54c64 | Subject | €298,000 | €2,811 | — | 58 | 67 |
| rua da Hortelã, 119 | Active | €295,000 | €2,092 | 25.6% | 70 | 71 |
| Silves · 2ce0e8 | Active | €285,000 | €3,167 | 12.6% | 65 | 66 |
| Silves · 2ce20d | Active | €295,000 | €3,105 | 10.5% | 65 | 70 |
| Silves · 38b6fe | Active | €360,000 | €2,769 | 1.5% | 54 | 72 |
| Median comp | €295,000 | €2,937 | 4.5% | 65 | 71 |
Short-term vacation rental While the property is situated in Silves, a popular tourist area in the Algarve, its listing price of €298,000 reflects a fair value that does not offer significant upside potential. With a gross yield of 4.6%, it may still attract vacationers, though competition in the market is stiff given seasonal fluctuations in demand. Long-term rental The property’s fair value of €310,429 suggests it is competently priced for long-term rental, offering a stable gross yield of 4.6%. However, its moderate condition score of 63/100 highlights potential renovation needs that could impact tenant desirability over time. Buy-and-hold Investing in this duplex for a buy-and-hold strategy appears reasonable given its fair valuation and steady tourist demand in Silves. However, the limited appreciation potential due to its fair pricing could restrict returns in the long run, particularly if property conditions do not improve substantially. Not ideal for: This property is not suitable for student housing or the luxury market due to its overall condition and pricing structure, which does not align with the expectations of higher-end tenants or long-term student accommodations.
Economic and Tenant Instability Risk: With both economic and tenant stability scores at 65/100, there is a heightened risk of fluctuations in rental income or tenant turnover that could impact overall investment performance.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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