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 44 m² on the 1st floor, built in 1977, energy rating D. Located on rua Dom João II S / N, Armação de Pêra parish, Silves municipality, Faro district. Noteworthy Features: This apartment includes a sunroom that enhances living space and functions well for relaxation or additional storage, while the accessibility features cater to individuals with reduced mobility.
The valuation. The asking price of €235,000 is €15,000 (6.8%) above the fair value of €220,000. This indicates that the property is fairly priced within the current market context.
Fair value modelled at €220,000 from 6 comparable sales in the area. Asking €235,000 sits €15,000 (6.8%) above — overpriced versus fair value.
Asking €235,000 versus the rua Dom João II S / N area baseline of €205,806 (€4,677/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 66/100 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 €205,806, adjusted for condition and micro-location, gives a modelled fair value of €220,000 (€5,000/m²), a €15,000 (6.8%) gap versus the €235,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Dom João II S / N | Subject | €235,000 | €5,341 | — | 62 | 70 |
| rua General Humberto Delgado | Active | €215,000 | €4,135 | 22.6% | 64 | 71 |
| avenida Beira-Mar. Terá | Active | €295,000 | €5,000 | 6.4% | — | 75 |
| Armação de Pêra · 6c779f | Active | €189,000 | €5,727 | 7.2% | 66 | 70 |
| rua das Embarcações, 8A | Active | €289,000 | €4,738 | 11.3% | 65 | 69 |
| Median comp | €252,000 | €4,869 | 8.8% | 65 | 71 |
Short-term vacation rental Given its location in Armação de Pêra, a region known for its tourism-driven demand, this property presents an acceptable investment opportunity as a short-term vacation rental. The current yield of 3.9% gross is consistent with the area's rental market, making it a viable option for investors seeking consistent returns. Buy-and-hold The buy-and-hold strategy could potentially yield stable appreciation, but with a fair value assessment suggesting it is priced at €235,000 against a market fair value of €220,000, the upside may be limited. Landlords should then expect average returns reflective of a 3.9% yield and consider long-term strategies in a competitive real estate market. Long-term rental Investing in this property for long-term rental could generate steady cash flow; however, the yield of 3.9% gross indicates only moderate returns. As the property is valued fairly against the market at €235,000, investors should proceed with caution, considering potential rent growth against the fair valuation.
Economic Vulnerability The economic stability score of 55/100 indicates a risk of fluctuating market conditions that could impact rental income.
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