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, 1-bathroom apartment of 67 m², built in 1996, energy rating D. Located on rua do Óculo, 11, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. This apartment features a charming blend of traditional blue-framed windows, typical of the Algarve, alongside a modern kitchen equipped with high-end Whirlpool appliances.
The valuation. The asking price of €280,000 is significantly above the fair value of €252,148, making it overpriced by €27,852 (9.9%). Investors should approach this property with caution due to its inflated price tag.
Fair value modelled at €252,148 from the area baseline, adjusted for condition and location. Asking €280,000 sits €27,852 (9.9%) above — overpriced versus fair value.
Asking €280,000 versus the rua do Óculo, 11 area baseline of €206,762 (€3,086/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 74 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 58/100 (Housing Market 50 · Amenities 60 · Economic 48 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua do Óculo, 11
Area baseline €206,762 + condition +€1,570 + location +€7,770 = modelled fair value of €252,148 (€3,763/m²), a €27,852 (9.9%) gap versus the €280,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Óculo, 11 | Subject | €280,000 | €4,179 | — | 74 | 58 |
| Tavira (Santa Maria e Santiago) · 1e6351 | Active | €285,000 | €3,750 | 10.3% | 72 | 50 |
| Tavira (Santa Maria e Santiago) · 937136 | Active | €385,000 | €4,477 | 7.1% | 65 | 61 |
| Tavira (Santa Maria e Santiago) · 6fb956 | Active | €310,000 | €5,254 | 25.7% | 75 | 57 |
| rua Terra Estreita, 4 | Active | €279,000 | €3,170 | 24.1% | 74 | 67 |
| Median comp | €297,500 | €4,114 | 1.6% | 73 | 59 |
Short-term vacation rental The property in Tavira is overpriced at €280,000, compared to its fair value of €252,148, creating a significant investment gap. With a gross yield of only 3.3% and a neighborhood rating of 58/100, the potential returns might not justify the initial investment cost. Buy-and-hold Holding this property as a long-term investment is not advisable given its overvaluation at €280,000 and the fair value being significantly lower at €252,148. The rental yield of 3.3% coupled with the relatively low neighborhood rating of 58/100 suggests that the property may not appreciate as expected over time.
Economic Instability Risk The property is situated in an area with an economic stability score of 48/100, indicating a heightened risk of economic downturns impacting tenant occupancy rates and rent earnings.
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