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 apartment of 116 m², built in 2008, energy rating B. Located Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: The apartment boasts a generous 31 m² private terrace ideal for outdoor dining and entertaining, enhancing its appeal in the serene Colinas da Boavista neighborhood. Location Convenience: Essential services like schools and supermarkets are within walking distance, while the historic center and beautiful Ria Formosa beaches are just a short drive away.
The valuation. The asking price of €465,000 sits marginally above the fair value of €461,519 by €3,481 (0.8%). Overall, the property is deemed to be priced at fair value.
Fair value modelled at €461,519 from 6 comparable sales in the area. Asking €465,000 sits €3,481 (0.8%) above — overpriced versus fair value.
Asking €465,000 versus the Tavira (Santa Maria e Santiago), Tavira, Faro area baseline of €356,847 (€3,076/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €356,847, adjusted for condition and micro-location, gives a modelled fair value of €461,519 (€3,979/m²), a €3,481 (0.8%) gap versus the €465,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Tavira (Santa Maria e Santiago) · 4392c1 | Subject | €465,000 | €4,009 | — | 76 | 59 |
| praça da República | Active | €525,000 | €4,565 | 13.9% | 82 | 66 |
| Tavira (Santa Maria e Santiago) · 38b19e | Active | €360,000 | €4,000 | 0.2% | 73 | 63 |
| rua de São Pedro | Active | €350,000 | €7,955 | 98.4% | 75 | 62 |
| Tavira (Santa Maria e Santiago) · 28bb09 | Active | €675,000 | €3,947 | 1.5% | 80 | 68 |
| Median comp | €442,500 | €4,283 | 6.8% | 78 | 65 |
Long-term rental The property in Tavira is positioned to cater to long-term rental needs, given its fair evaluation against the market. With a gross yield of 3.4% and a condition rating of 80/100, it represents a stable income-generating asset in a region driven by tourism. Short-term vacation rental This 3-bed apartment aligns well with the short-term vacation rental market, capitalizing on the increasing demand from tourists visiting the Algarve. However, being fairly valued at €465,000, potential investors should recognize that the return may be moderated by the competitive rental landscape. Not ideal for student housing The property is not suitable for student housing due to the limited employment opportunities in the Tavira area, which could affect tenant quality. Given its fair valuation and neighborhood rating of 59/100, it may not attract the necessary demand for this specific rental market.
Economic Vulnerability The property is at risk due to an economic stability score of 50/100, indicating a potentially unstable market environment that could affect tenant demand and rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
