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.
2-bedroom, 2-bathroom apartment of 198 m², energy rating C. Located Armação de Pêra parish, Silves municipality, Faro district. This apartment features dual balconies overlooking a common swimming pool, maximizing outdoor enjoyment and providing excellent westward sunset views.
The valuation. The asking price of €450,000 is significantly below the fair value of €626,474, reflecting a discount of €176,474 (28.2%). This property can be considered an excellent investment opportunity given its current pricing.
Fair value modelled at €626,474 from 6 comparable sales in the area. Asking €450,000 sits €176,474 (28.2%) below — the upside to fair value.
Asking €450,000 versus the Armação de Pêra, Silves, Faro area baseline of €542,639 (€2,741/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 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 €542,639, adjusted for condition and micro-location, gives a modelled fair value of €626,474 (€3,164/m²), a €176,474 (28.2%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Armação de Pêra · e552e4 | Subject | €450,000 | €2,273 | — | 68 | 71 |
| Armação de Pêra · 831618 | Active | €380,000 | €3,519 | 54.8% | 70 | 71 |
| Armação de Pêra · 57f559 | Active | €340,000 | €2,576 | 13.3% | 72 | 71 |
| Alcantarilha e Pêra · a6d508 | Active | €410,000 | €2,950 | 29.8% | 79 | 72 |
| Alcantarilha e Pêra · f46cd8 | Active | €410,000 | €2,950 | 29.8% | 76 | 77 |
| Median comp | €395,000 | €2,950 | 29.8% | 74 | 72 |
Short-term vacation rental This property’s fair value of €626,474 presents a significant 28.2% upside, making it an attractive option for investors seeking short-term vacation rental opportunities in a prime Algarve location. With a promising yield of 4.4% gross, this property is positioned to capitalize on the area's robust tourist and expat community, ensuring strong demand. Buy-and-hold Given its current listing price of €450,000 and substantial gap to fair value, this property serves as a strategic buy-and-hold investment, expected to appreciate significantly over time. The combination of a decent yield and favorable neighborhood ratings indicates that this property can provide reliable returns while also benefiting from future market improvements. Family rental As a family rental, this apartment stands out with its generous 198m² space and solid ratings for condition and neighborhood, indicating a comfortable living environment for families. The prevailing gap from fair value suggests that investors can expect stability and potential growth in rental demand from long-term family tenants in the area.
Moderate economic fluctuations With an economic stability score of 68/100, there is a risk that macroeconomic changes could lead to fluctuations in tenant demand and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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