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 penthouse of 82 m², energy rating C. Located Conceição e Cabanas de Tavira parish, Tavira municipality, Faro district. This penthouse features a magnificent terrace ideal for outdoor entertaining, offering views of the vibrant communal pool area within the exclusive Royal Cabanas Golf development.
The valuation. The asking price of €350,000 is significantly above the fair value of €294,691, representing an overpricing of €55,309 (15.8%). This premium makes it difficult to justify as a sound investment opportunity.
Fair value modelled at €294,691 from the area baseline, adjusted for condition and location. Asking €350,000 sits €55,309 (15.8%) above — overpriced versus fair value.
Asking €350,000 versus the Conceição e Cabanas de Tavira, Tavira, Faro area baseline of €297,168 (€3,624/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 70 · Materials 65 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 56/100 (Housing Market 50 · Amenities 50 · Economic 45 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
Conceição e Cabanas de Tavira, Tavira, Faro
Area baseline €297,168 + condition -€9,609 + location +€7,132 = modelled fair value of €294,691 (€3,594/m²), a €55,309 (15.8%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Conceição e Cabanas de Tavira · 25f77b | Subject | €350,000 | €4,268 | — | 70 | 56 |
| rua Tuberária Major S / N | Active | €450,000 | €4,245 | 0.5% | 75 | 71 |
| Conceição e Cabanas de Tavira · 49b892 | Active | €239,000 | €3,918 | 8.2% | 66 | 66 |
| Conceição e Cabanas de Tavira · 82c7a5 | Active | €325,000 | €3,693 | 13.5% | 78 | 71 |
| Conceição e Cabanas de Tavira · 09000f | Active | €240,000 | €3,871 | 9.3% | 68 | 61 |
| Median comp | €282,500 | €3,895 | 8.8% | 72 | 69 |
Long-term rental Given the gross yield of 3.5%, the property presents a return that may not justify its €350,000 listing, especially considering its fair value of only €294,691 and a market gap of 15.8%. The area’s dependence on agriculture and seasonal tourism further suggests that long-term rental prospects may not be robust, making this investment less appealing. Value-add renovation Despite the opportunity for value-add renovation, the current asking price remains elevated at €350,000, significantly above its appraised value of €294,691. With a property condition rating of 68/100 and a neighborhood score of 56/100, renovations may not yield enough increased value to overcome the premium price. Short-term vacation rental This property is unsuitable for short-term vacation rental due to its listing price of €350,000, significantly exceeding its fair value of €294,691. Additionally, the area’s non-prime coastal location and reliance on seasonal tourism do not support a strong short-term rental market. Student housing Investing in student housing is not a viable option for this property, which is overpriced at €350,000 versus a fair value of €294,691. The neighborhood's lower tenant quality and economic ties to agriculture inhibit the demand typically associated with student housing.
Economic Volatility Risk The property is in an area with an economic stability score of 45/100, indicating potential volatility in income and investment returns.
