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 house of 88 m², built in 1984. Located Santa Luzia parish, Tavira municipality, Faro district. Noteworthy Features: The property boasts a distinctive tile facade reflecting local architectural style and offers a charming terrace, perfect for enjoying the Algarve's mild climate.
The valuation. The asking price of €310,000 is significantly above the fair value of €126,658, representing a premium of €183,342 (59.1%). This property is clearly overpriced in the current market context. Buy-to-flip angle. A potential buy-to-flip strategy would involve renovating key areas to elevate the property’s appeal before resale, but current high asking prices may limit profitability. Buy-to-let angle. With an estimated rental income of €1,111 per month, this property offers a gross yield of 4.3%. Targeting seasonal vacation rentals could maximize returns in the popular Algarve region.
Fair value modelled at €126,658 from the area baseline, adjusted for condition and location. Asking €310,000 sits €183,342 (59.1%) above — overpriced versus fair value.
Asking €310,000 versus the Santa Luzia, Tavira, Faro area baseline of €336,336 (€3,822/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 (Condition 62 · Materials 58 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 57/100 (Housing Market 64 · Amenities 58 · Economic 55 · Tenant Quality 50). Strong amenities and housing-market momentum support a premium to baseline.
Santa Luzia, Tavira, Faro
Area baseline €336,336 + condition -€20,075 + location +€3,997 = modelled fair value of €126,658 (€1,439/m²), a €183,342 (59.1%) gap versus the €310,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Santa Luzia · 4ba910 | Subject | €310,000 | €3,523 | — | 62 | 57 |
| Tavira (Santa Maria e Santiago) · 96c107 | Active | €750,000 | €2,679 | 24.0% | 65 | 63 |
| rua das Freiras, 51 | Active | €497,000 | €4,438 | 26.0% | 70 | 70 |
| Santa Luzia · f35f9b | Active | €295,000 | €4,214 | 19.6% | 73 | 67 |
| rua Combatentes da Grande Guerra | Active | €999,000 | €4,420 | 25.5% | 60 | 65 |
| Median comp | €623,500 | €4,317 | 22.5% | 68 | 66 |
Short-term vacation rental The property is overpriced at €310,000, significantly above its fair value of €126,658, reflecting a gap of 59.1%. Given the 4.3% gross yield and 60/100 condition rating, it may not generate sufficient returns to justify this high entry price for vacation rental purposes. Value-add renovation Acquiring the house for renovation is not ideal as it is currently overpriced by 59.1%, with a listing price of €310,000 versus a fair value of €126,658. The potential for value-added renovations is limited by its average condition and the neighborhood's quality score of 57/100. Family rental The current asking price of €310,000 makes this 2-bed house overpriced compared to its fair value of €126,658, resulting in a substantial gap of 59.1%. While family rentals can provide steady income, the combination of the property's high price and moderate yield of 4.3% undermines its attractiveness in the rental market. Not ideal for luxury market, student housing, buy-and-hold.
Economic downturn risk With an economic stability score of 55/100 and tenant stability score of 50/100, there is a heightened risk of economic downturn negatively impacting rental demand and income stability for the property.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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