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.
4-bedroom, 1-bathroom house of 160 m², built in 1937, energy rating F. Located Silves parish, Silves municipality, Faro district. Noteworthy Features: The property features a traditional stone masonry design with hardwood floors, and is situated 10 minutes from Viseu, emphasizing its potential for renovation into a charming residence.
The valuation. The asking price of €120,000 sits significantly below the fair value of €309,021, representing a remarkable discount of €189,021 (61.2%). This property is therefore classified as underpriced.
Fair value modelled at €309,021 from 6 comparable sales in the area. Asking €120,000 sits €189,021 (61.2%) below — the upside to fair value.
Asking €120,000 versus the Silves, Silves, Faro area baseline of €323,653 (€2,023/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 39/100 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 €323,653, adjusted for condition and micro-location, gives a modelled fair value of €309,021 (€1,931/m²), a €189,021 (61.2%) gap versus the €120,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Silves · e55483 | Subject | €120,000 | €750 | — | 38 | 68 |
| rua Mouzinho de Albuquerque, 61 | Active | €385,000 | €2,188 | 191.7% | 30 | 63 |
| Silves · ee8951 | Active | €325,000 | €1,675 | 123.4% | 30 | 72 |
| rua do Doutor Samora Gil S / N | Active | €242,000 | €1,344 | 79.3% | 33 | 60 |
| rua Capitão Barroso | Active | €300,000 | €2,727 | 263.6% | 42 | 81 |
| Median comp | €312,500 | €1,932 | 157.5% | 32 | 68 |
Short-term vacation rental The property in Silves offers a unique opportunity for short-term vacation rentals given its low listing price of €120,000 compared to the fair value of €309,021, indicating a substantial market gap of 61.2%. Despite the property’s condition score of 39/100, the demand for accommodation in the Algarve region can provide viable income prospects during peak tourist seasons. Buy-and-hold Investing in this 4-bed house for long-term appreciation is favorable, as its current listing price is significantly below fair value, suggesting strong potential for growth. The neighbourhood score of 68/100 enhances its attractiveness for future value increases, even though rental yields are currently non-existent. Family rental The property is positioned well for family rentals, especially given its size and the substantial gap between the listing and fair value. While the house needs improvements due to its condition score of 39/100, the stable demand from families in the Algarve can provide a consistent rental demand over time.
Tenant turnover risk High tenant turnover may be anticipated due to the economic stability score of 60, which could result in increased vacancy rates and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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