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.
3-bedroom, 3-bathroom apartment of 129 m². Located on rua Engenheiro Técnico Agrário José Francisco Massapina Junior, 7, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: The apartment features two generously sized terraces, providing outdoor living space with excellent sun exposure for morning and evening relaxation. Additional Feature: A closed garage enhances convenience in this residential area.
The valuation. The asking price of €490,000 is slightly above fair value at €487,036, reflecting an overpricing of €2,964 (0.6%). This suggests a need for price negotiation to align it with market expectations.
Fair value modelled at €487,036 from the area baseline, adjusted for condition and location. Asking €490,000 sits €2,964 (0.6%) above — overpriced versus fair value.
Asking €490,000 versus the rua Engenheiro Técnico Agrário José Francisco Massapina Junior, 7 area baseline of €398,094 (€3,086/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 57/100 (Housing Market 60 · Amenities 55 · Economic 50 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
rua Engenheiro Técnico Agrário José Francisco Massapina Junior, 7
Area baseline €398,094 + condition +€6,450 + location +€13,090 = modelled fair value of €487,036 (€3,775/m²), a €2,964 (0.6%) gap versus the €490,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Engenheiro Técnico Agrário José Francisco Massapina Junior, 7 | Subject | €490,000 | €3,798 | — | 75 | 57 |
| Tavira (Santa Maria e Santiago) · 25f70c | Active | €360,000 | €3,830 | 0.8% | 75 | 62 |
| rua Doutor Augusto Carlos Palma, 9 | Active | €350,000 | €3,723 | 2.0% | 65 | 66 |
| rua Doutor Silvestre Falcão | Active | €295,000 | €3,041 | 19.9% | 75 | 60 |
| Tavira (Santa Maria e Santiago) · 96c509 | Active | €390,000 | €3,980 | 4.8% | — | 73 |
| Median comp | €355,000 | €3,777 | 0.6% | 75 | 64 |
Short-term vacation rental Despite the attractive tourism-driven location, the property is overpriced at €490,000, only marginally above its fair value of €487,036. With a gross yield of 3.4%, the potential returns from short-term rentals do not justify the current price. Long-term rental At this price point, the property also presents challenges for long-term rentals, particularly given its 57/100 neighbourhood score and limited tenant quality. The gap of 0.6% against fair value indicates that rental income may not sufficiently cover the high purchase price. Buy-and-hold Investing in a buy-and-hold strategy for this property is undermined by its overvaluation, with current pricing offering minimal room for appreciation in a tourism-dependent economy. The 78/100 condition rating suggests it may not command a premium in the future amidst local competition. Not ideal for: Student housing, Luxury market, High-volume commercial
Economic and Tenant Instability The economic stability score of 50/100 and tenant stability score of 60/100 indicate a significant risk of rental income volatility and potential difficulty in tenant retention, which could affect overall returns on investment.
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