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, 0-bathroom country_house of 185 m². Located Luz de Tavira e Santo Estévão parish, Tavira municipality, Faro district. Noteworthy Features: The property includes a T2 typology ruin that allows for increased construction, perfect for developing a rural tourism project amidst a thriving citrus orchard and olive production.
The valuation. The asking price of €675,000 is significantly above the fair value estimate of €519,501, indicating an overpriced status by €155,499 (23.0%). This discrepancy raises concerns about potential investment viability. Buy-to-flip angle. A buy-to-flip strategy may be challenging due to the property's low condition rating of 20/100, requiring substantial renovations before resale. Potential profits may be restricted by the current market's perception of the area. Buy-to-let angle. With an estimated gross yield of 2.5% (~€1,406/month), the rental income strategy aligns more with long-term rentals rather than seasonal vacation rentals, given the mixed neighbourhood and seasonal economy.
Fair value modelled at €519,501 from the area baseline, adjusted for condition and location. Asking €675,000 sits €155,499 (23.0%) above — overpriced versus fair value.
Asking €675,000 versus the Luz de Tavira e Santo Estévão, Tavira, Faro area baseline of €586,265 (€3,169/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 20/100 (Condition 15 · Materials 20 · Room dimensions 25). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 53/100 (Housing Market 60 · Amenities 50 · Economic 45 · Tenant Quality 55). Strong amenities and housing-market momentum support a premium to baseline.
Luz de Tavira e Santo Estévão, Tavira, Faro
Area baseline €586,265 + condition -€158,984 + location +€8,045 = modelled fair value of €519,501 (€2,808/m²), a €155,499 (23.0%) gap versus the €675,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Luz de Tavira e Santo Estévão · 00185b | Subject | €675,000 | €3,649 | — | 15 | 53 |
| autoestrada EM516-2 | Active | €600,000 | €3,509 | 3.8% | 18 | 56 |
| Moncarapacho e Fuseta · 3896de | Active | €525,000 | €1,855 | 49.2% | 39 | 65 |
| Luz de Tavira e Santo Estévão · 001a0b | Active | €440,000 | €3,793 | 4.0% | 58 | 60 |
| Moncarapacho e Fuseta · dbd469 | Active | €495,000 | €4,420 | 21.1% | 58 | 55 |
| Median comp | €510,000 | €3,651 | 0.1% | 49 | 58 |
Long-term rental: Given the property's condition rating of 20/100 and its location in a region that is not a major Algarve tourist hotspot, the potential for long-term rental income is limited. The estimated yield of 2.5% gross, combined with the property being overpriced by 23% compared to its fair value, suggests that this is not a sound long-term investment. Short-term vacation rental: With a seasonal and tourism-driven economy, short-term vacation rentals may present an opportunity, but the property's high price of €675,000 against a fair value of €519,501 limits profitability. The quality of the neighborhood, rated at 53/100, further indicates that this property may struggle to attract the premium rates necessary for a successful short-term rental strategy. Buy-and-hold: Holding onto this property at its current listing price would not be advisable given the significant gap to fair value at 23%, indicating it may lose further value in an already challenging market. The deteriorating condition, marked by a rating of 20/100, alongside weak neighborhood metrics, renders this strategy unlikely to yield healthy returns over time.
Economic Vulnerability The economic stability score of 45/100 indicates a heightened risk of fluctuations in property values or rental income due to economic instability in the area.
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