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 apartment of 90 m² on the 3rd floor, energy rating B. Located on urbanização Quinta Morgado, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: The apartment includes a large balcony with direct access to the swimming pool area and is strategically located just 200m from Gran Plaza Shopping Center.
The valuation. The asking price of €375,000 is only slightly above the fair value of €374,667, sitting at a mere €333 (0.1%) difference. This verdict indicates that the property is valued fairly in the current market. Buy-to-flip angle. The buy-to-flip strategy for this apartment would focus on improving aesthetic appeal through minor renovations, followed by a resale leveraging the Algarve's tourist demand. This approach capitalizes on the region's increased property valuation during peak seasons. Buy-to-let angle. A buy-to-let strategy could generate an estimated rental income of €1,188/month, resulting in a gross yield of approximately 3.8%. This income potential is favorable given the property's good condition and tourist-friendly location.
Fair value modelled at €374,667 from 6 comparable sales in the area. Asking €375,000 sits €333 (0.1%) above — overpriced versus fair value.
Asking €375,000 versus the urbanização Quinta Morgado area baseline of €305,316 (€3,392/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €305,316, adjusted for condition and micro-location, gives a modelled fair value of €374,667 (€4,163/m²), a €333 (0.1%) gap versus the €375,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| urbanização Quinta Morgado | Subject | €375,000 | €4,167 | — | 71 | 60 |
| Tavira (Santa Maria e Santiago) · 4392c1 | Active | €465,000 | €4,009 | 3.8% | 76 | 59 |
| rua de São Pedro | Active | €350,000 | €7,955 | 90.9% | 75 | 62 |
| praça da República | Active | €525,000 | €4,565 | 9.6% | 82 | 66 |
| Tavira (Santa Maria e Santiago) · 38b19e | Active | €360,000 | €4,000 | 4.0% | 73 | 63 |
| Median comp | €412,500 | €4,287 | 2.9% | 76 | 63 |
Short-term vacation rental While the property has a reasonable yield of 3.8%, it does not present a significant gap from the fair value of €374,667, positioning it as a fair investment in the short-term vacation rental market. Given Tavira's tourist appeal due to its Algarve location, the property could attract seasonal visitors but may not produce outstanding returns over time. Buy-and-hold As a buy-and-hold strategy, this 2-bed apartment offers a stable investment but is priced fairly at €375,000 with a minimal gap to fair value. The decent condition rating (75/100) suggests potential for appreciation, although its yield of 3.8% highlights the need for careful monitoring of market performance. Long-term rental This property could serve as a long-term rental, but with a fair value closely matching its listing price, the returns are expected to be moderate at best. The 3.8% yield is acceptable, yet investors should be cautious in a neighbourhood rated 60/100, indicating potential challenges in tenant quality and long-term demand.
Economic Vulnerability The property has an economic stability score of 50/100, indicating a significant risk of economic downturns affecting tenant retention and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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