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, 1-bathroom apartment of 77 m², built in 2007, energy rating D. Located on praça da República, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Feature: The apartment boasts a spacious private terrace, ideal for outdoor entertaining, and includes secured underground parking with elevator access for added convenience.
The valuation. The asking price of €279,500 sits €64,250 (18.7%) below the fair value of €343,750, indicating the property is underpriced. This presents a compelling opportunity for potential investors. Buy-to-flip angle. Targeting a quick resale after value-adding renovations could yield substantial returns, as the property is already in good condition with high-grade materials. The anticipated profit margin on resale could be significant with the appropriate upgrades. Buy-to-let angle. With a strong tourist influence in the Algarve region, turning this apartment into a short-term vacation rental could generate solid income despite the current gross yield being estimated at 0%. This strategy aligns with the appealing condition and location of the property.
Fair value modelled at €343,750 from 5 comparable sales in the area. Asking €279,500 sits €64,250 (18.7%) below — the upside to fair value.
Asking €279,500 versus the praça da República area baseline of €323,191 (€4,197/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €323,191, adjusted for condition and micro-location, gives a modelled fair value of €343,750 (€4,464/m²), a €64,250 (18.7%) gap versus the €279,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça da República | Subject | €279,500 | €3,630 | — | 71 | 64 |
| Tavira (Santa Maria e Santiago) · 82c6d1 | Active | €186,000 | €4,650 | 28.1% | — | 60 |
| Tavira (Santa Maria e Santiago) · 65a682 | Active | €240,000 | €3,692 | 1.7% | 70 | 62 |
| praça da República | Active | €375,000 | €4,464 | 23.0% | 75 | 61 |
| rua do Óculo, 11 | Active | €280,000 | €4,179 | 15.1% | 74 | 58 |
| Median comp | €260,000 | €4,322 | 19.1% | 74 | 61 |
Long-term rental The 1-bed apartment in Tavira, currently priced at €279,500, presents an opportunity for long-term rental prospects despite its gross yield of 0%. With a fair value of €343,750, and an 18.7% gap versus fair value, the property is subvalued in the context of a region known for tourism but limited job diversity. Short-term vacation rental Given the strong tourist influence in the Algarve region, this apartment's listing price of €279,500 indicates a potential for lucrative short-term vacation rental income, especially as it sits below the fair value of €343,750. The neighborhood's average score of 64/100 supports the possibility of attracting holidaymakers, providing the property's condition of 73/100 can be leveraged to enhance guest experience. Buy-and-hold Investing in this Tavira apartment for a buy-and-hold strategy could capitalize on the current price of €279,500, which is significantly below the fair value of €343,750. The potential for value appreciation in a tourist-friendly location with generally low crime rates makes it a favorable long-term asset despite the current status of the property yield being at 0%.
Economic Vulnerability The economic stability score of 55/100 indicates a potential risk of fluctuations in local market conditions affecting rent and property value negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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