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, 2-bathroom house of 70 m². Located Santa Luzia parish, Tavira municipality, Faro district. Noteworthy Feature: The property includes a private balcony with scenic views of the Ria Formosa, enhancing its charm and appeal as a tranquil retreat within the vibrant fishing village of Santa Luzia.
The valuation. The asking price of €295,000 is significantly above the fair value of €121,261, marking a discrepancy of €173,739 (58.9%). This property is overpriced based on current market conditions.
Fair value modelled at €121,261 from the area baseline, adjusted for condition and location. Asking €295,000 sits €173,739 (58.9%) above — overpriced versus fair value.
Asking €295,000 versus the Santa Luzia, Tavira, Faro area baseline of €253,680 (€3,624/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 73 · Materials 77 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 67/100 (Housing Market 70 · Amenities 60 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
Santa Luzia, Tavira, Faro
Area baseline €253,680 + condition +€0 + location +€7,721 = modelled fair value of €121,261 (€1,732/m²), a €173,739 (58.9%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Santa Luzia · f35f9b | Subject | €295,000 | €4,214 | — | 73 | 67 |
| Santa Luzia · f35f0b | Active | €295,000 | €4,214 | 0% | 75 | 63 |
| rua das Freiras, 51 | Active | €497,000 | €4,438 | 5.3% | 70 | 70 |
| praça da República | Active | €535,000 | €8,231 | 95.3% | 80 | 73 |
| Santa Luzia · 4ba910 | Active | €310,000 | €3,523 | 16.4% | 62 | 57 |
| Median comp | €403,500 | €4,326 | 2.7% | 73 | 67 |
Short-term vacation rental The property is overpriced at €295,000, significantly above the fair value of €121,261, resulting in a 58.9% gap that undermines its potential as a profitable short-term rental investment. With a low gross yield of 2.5% and a decent neighborhood score of 67/100, this property may not attract tourists looking for value. Long-term rental Given its current price, the house does not present a reasonable investment opportunity for long-term rental, particularly with a fair value of only €121,261 and a yield of 2.5%. The neighborhood score of 67/100 suggests some tenant quality, yet the gap from fair value limits overall attractiveness. Buy-and-hold As a buy-and-hold strategy, this property is overpriced at €295,000, especially when compared to its fair value of €121,261, leading to a 58.9% gap that poses a risk for capital appreciation. The modest yield of 2.5% and average neighborhood condition indicate that long-term returns are unlikely to justify the initial purchase price.
Economic Sensitivity Risk The economic stability score of 65/100 indicates a moderate risk of economic fluctuation that could impact rental income and property value.
