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 house of 174 m², energy rating D. Located Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Feature: This property uniquely offers a closed garage in Tavira's Historic Center, a rare find that enhances its value and convenience for urban living.
The valuation. The asking price of €999,000 is notably above the fair value of €902,078, resulting in an overpriced verdict of €96,922 (10.7%). This elevated price suggests limited room for negotiation or investment upside.
Fair value modelled at €902,078 from 6 comparable sales in the area. Asking €999,000 sits €96,922 (10.7%) above — overpriced versus fair value.
Asking €999,000 versus the Tavira (Santa Maria e Santiago), Tavira, Faro area baseline of €833,724 (€4,792/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 is below the parish average, reducing 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 €833,724, adjusted for condition and micro-location, gives a modelled fair value of €902,078 (€5,184/m²), a €96,922 (10.7%) gap versus the €999,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Tavira (Santa Maria e Santiago) · 4392ba | Subject | €999,000 | €5,741 | — | 62 | 60 |
| rua das Olarias | Active | €995,000 | €5,888 | 2.5% | 70 | 63 |
| praça Histórica de Tavira | Active | €1,300,000 | €3,858 | 32.8% | — | 68 |
| rua Capitão Jorge Ribeiro | Active | €595,000 | €5,174 | 9.9% | 65 | 64 |
| Tavira (Santa Maria e Santiago) · d74866 | Active | €855,000 | €4,052 | 29.4% | — | 64 |
| Median comp | €925,000 | €4,613 | 19.7% | 68 | 64 |
Short-term vacation rental The property, priced at €999,000, has a fair value of €902,078, indicating it is overpriced by 10.7%. With a gross yield of only 2.1% and potential short-term rental demand influenced by Algarve's tourism, the return on investment may not meet expectations. Long-term rental While long-term rental could provide steady income, the 2.1% gross yield suggests that the investment may not be lucrative given the asking price of €999,000, which exceeds the fair value by 10.7%. Additionally, the overall condition and neighborhood quality ratings of 60/100 raise concerns about tenant demand in the area. Buy-and-hold Acquiring this property as a buy-and-hold investment is not advisable as its asking price of €999,000 is above the fair value of €902,078, representing a 10.7% overvaluation. The limited yield of 2.1% combined with the property’s average condition and neighborhood quality questions its long-term appreciation potential.
Economic and Tenant Instability Risk The property is at risk due to a low economic stability score of 50 and a tenant stability score of 50, indicating a potential for increased vacancy and rental income fluctuations.
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