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, 2-bathroom house of 77 m², energy rating F. Located Santa Luzia parish, Tavira municipality, Faro district. This property, currently used as a warehouse, presents significant renovation potential, and boasts close proximity to the Ria Formosa, ideal for boating enthusiasts.
The valuation. The asking price of €400,000 significantly exceeds the fair value of €44,651, marking it as €355,349 or 88.8% overpriced. This disparity suggests a substantial misalignment between market expectations and intrinsic property value.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Santa Luzia · 911291 | Subject | €400,000 | €5,195 | — | — | 70 |
| rua das Olarias | Active | €995,000 | €5,888 | 13.3% | 70 | 63 |
| praça Histórica de Tavira | Active | €1,300,000 | €3,858 | 25.7% | — | 68 |
| Luz de Tavira e Santo Estévão · 6eba10 | Active | €650,000 | €5,417 | 4.3% | 45 | 60 |
| rua das Freiras, 51 | Active | €497,000 | €4,438 | 14.6% | 70 | 70 |
| Median comp | €822,500 | €4,928 | 5.1% | 70 | 66 |
Short-term vacation rental The property is overpriced at €400,000 with a fair value of only €44,651, indicating an unsustainable pricing model for short-term rentals. The lack of condition and a yield of 0% further exacerbates the investment risk in this strategy. Long-term rental Investing in long-term rentals is not advisable for this property as it is priced at €400,000 against a fair value of €44,651, resulting in an 88.8% gap. The absence of rental yield and subpar housing condition render long-term returns unlikely. Buy-and-hold The buy-and-hold strategy is also hampered by the significant overvaluation of the property at €400,000, compared to its fair value of €44,651. This high entry price, combined with zero gross yield, makes the potential for capital appreciation questionable in the long-term.
Potential tenant turnover risk The combination of a 60 economic stability score indicates potential uncertainties in the market, which may lead to higher tenant turnover despite a relatively stable tenant score of 70.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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