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 apartment of 95 m² on the 1st floor, built in 1995, energy rating D. Located on rua Victor Alves, 7, Silves parish, Silves municipality, Faro district. This property features a unique closed balcony perfect for year-round enjoyment, as well as an attic providing valuable additional storage space.
The asking price is significantly above our assessed fair value of €186,000, creating a gap of €84,000, equating to a 31.0% downside risk. Confidence in this fair value assessment is low. Estimated gross yield stands at 6.5%.
The fair value of this property is built using two main models: the Transaction model, based on 70 recorded sale prices in Silves, and the Adjusted asking-price model, which adjusts current listings to reflect actual sale values. These models are combined in a 50/50 blend. Conservative adjustments were made for factors like non-living area and estimated costs for necessary repairs. As a result, the fair value is set at €186,000, indicating that the asking price is above the fair value by 31.0%. Given the current market context, confidence in this estimate is low.
Gross yield 6.5% (before costs)
No specific strategy stands out for this property.
The asking price of the property is significantly above its fair value, indicating a 31.0% downside versus the asking price. With an average condition rating of 63/100 and a neighbourhood score of 50/100, investors should consider the potential for lower returns or challenges in attracting buyers or tenants given these factors.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score of 50/100 and tenant stability score of 50/100 indicate a mixed level of stability, which could lead to challenges in maintaining consistent rental income and property value. Fair value certainty risk The valuation is marked as fair value €186,000 with low confidence, indicating significant uncertainty about the estimated worth of the property due to the lack of micro-location transaction data and the differing estimates beyond the tolerance level.
Grade AFindings: 0
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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