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 exterior's unique tile facade distinguishes the property, while vintage wallpaper adds character to the interior, reflecting a blend of rustic charm and modern maintenance needs.
The valuation. The asking price of €310,000 is slightly above the fair value of €307,767, by €2,233, which reflects a discrepancy of just 0.7%. Hence, the property is considered overpriced for potential investors.
Fair value modelled at €307,767 from the area baseline, adjusted for condition and location. Asking €310,000 sits €2,233 (0.7%) above — overpriced versus fair value.
Asking €310,000 versus the Santa Luzia, Tavira, Faro area baseline of €318,912 (€3,624/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. Full condition report →
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. Full location report →
Santa Luzia, Tavira, Faro
Area baseline €318,912 + condition -€20,075 + location +€8,930 = modelled fair value of €307,767 (€3,497/m²), a €2,233 (0.7%) gap versus the €310,000 asking price.
Short-term vacation rental The property is overpriced at €310,000, slightly above the fair value of €307,767, resulting in a minimal gap of only 0.7%. Given the gross yield of 4.3%, the high purchase price may overshadow potential income in the competitive short-term rental market of the Algarve. Value-add renovation While the property has a condition rating of 60/100, indicating room for renovation, its current valuation of €310,000 is still above the fair value. The cost of necessary upgrades must be carefully weighed against the already elevated market price to ensure profitability. Family rental The family rental market could face challenges due to the property's price being €310,000, which is marginally above the fair value of €307,767. With a neighbourhood score of 57/100 and seasonal population fluctuations, this price point may deter long-term family tenants seeking affordable options.
Economic and Tenant Risk The combination of a 55/100 economic stability score and a 50/100 tenant stability score indicates a potential risk of volatility in rental income and property value in the future.
