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 84 m², built in 2006, energy rating D. Located on praça da República, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: This penthouse boasts an exclusive rooftop terrace ideal for year-round outdoor living, along with triple-aspect windows that ensure abundant natural light and pleasing views of the landscaped surroundings.
The valuation. The asking price of €375,000 is significantly above the fair value of €319,517, by €55,483 (14.8%). Therefore, this property is considered overpriced.
Fair value modelled at €319,517 from the area baseline, adjusted for condition and location. Asking €375,000 sits €55,483 (14.8%) above — overpriced versus fair value.
Asking €375,000 versus the praça da República area baseline of €266,196 (€3,169/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 75 · Materials 78 · Room dimensions 76). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 61/100 (Housing Market 65 · Amenities 60 · Economic 50 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
praça da República
Area baseline €266,196 + condition +€1,706 + location +€13,394 = modelled fair value of €319,517 (€3,804/m²), a €55,483 (14.8%) gap versus the €375,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça da República | Subject | €375,000 | €4,464 | — | 75 | 61 |
| travessa dos Fumeiros de Diante | Active | €530,000 | €4,530 | 1.5% | 75 | 64 |
| Tavira (Santa Maria e Santiago) · 25f70c | Active | €360,000 | €3,830 | 14.2% | 75 | 62 |
| Conceição e Cabanas de Tavira · 25f77b | Active | €350,000 | €4,268 | 4.4% | 70 | 56 |
| rua Tuberária Major S / N | Active | €450,000 | €4,245 | 4.9% | 75 | 71 |
| Median comp | €405,000 | €4,257 | 4.7% | 75 | 63 |
Long-term rental Given the property's listing price of €375,000, which is 14.8% above its fair value of €319,517, it presents a significant financial strain for long-term rental viability in a rural market like Tavira. The lack of rental yield further exacerbates the issue, making it a less favorable option for investors seeking stable returns. Short-term vacation rental With a gross yield of 0% and a property condition score of 76/100, this penthouse's listing price does not align with the competitive short-term rental landscape in Tavira. The neighborhood rating of 61/100 suggests that it may not attract the clientele necessary to justify the current asking price. Buy-and-hold Investing in this property as a buy-and-hold strategy is questionable due to its current valuation of €375,000 being significantly above the fair market value of €319,517. The lack of rental yield and an average neighborhood score indicate that potential future appreciation may not support such a high entry price.
Economic Vulnerability The economic stability score of 50/100 indicates a potential vulnerability to economic downturns, which may affect tenant retention and leasing performance.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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