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.
1-bedroom, 1-bathroom apartment of 62 m², energy rating C. Located Conceição e Cabanas de Tavira parish, Tavira municipality, Faro district. This ground-floor apartment features a private balcony that seamlessly extends the living space outdoors, perfect for enjoying the Algarve's mild climate.
The valuation. The asking price of €240,000 is €17,729 (7.4%) above the fair value of €222,271, indicating that the property is overpriced for its current market position. This discrepancy suggests cautious considerations for potential buyers. Buy-to-flip angle. A buy-to-flip strategy may involve minor cosmetic upgrades to enhance market appeal, aiming for resale at an elevated price after an estimated hold period. Potential returns could significantly hinge on seasonal tourism-related demand in the Algarve region. Buy-to-let angle. With an estimated rental income of €740 per month, the gross yield stands at 3.7%, offering a steady cash flow for long-term investors. The property's proximity to tourist attractions positions it well for short-term vacation rentals and family rentals alike.
Fair value modelled at €222,271 from the area baseline, adjusted for condition and location. Asking €240,000 sits €17,729 (7.4%) above — overpriced versus fair value.
Asking €240,000 versus the Conceição e Cabanas de Tavira, Tavira, Faro area baseline of €224,688 (€3,624/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 (Condition 68 · Materials 60 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit. Full condition report →
Neighbourhood score 61/100 (Housing Market 55 · Amenities 60 · Economic 50 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline. Full location report →
Conceição e Cabanas de Tavira, Tavira, Faro
Area baseline €224,688 + condition -€12,303 + location +€9,886 = modelled fair value of €222,271 (€3,585/m²), a €17,729 (7.4%) gap versus the €240,000 asking price.
Short-term vacation rental Despite the property's appeal in the tourist-friendly Algarve region, with a gross yield of 3.7%, it remains overpriced at €240,000, exceeding the fair value by 7.4%. The limited proximity to nightlife areas may also hinder maximizing rental potential for short-term guests. Family rental While a family rental strategy could tap into the stable housing market in Tavira, the current price of €240,000 is not justified as it overshoots the fair value by 7.4%. Additionally, the apartment's condition rating of 62/100 suggests that potential renovation costs could further erode the investment's attractiveness in this category.
Tenant Default Risk The tenant stability score of 65/100 suggests a moderate risk of tenant default, which could impact rental income stability.
