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 penthouse of 187 m² on the 2nd floor, built in 2022, energy rating A+. Located Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: The bioclimatic pergola on the spacious private terrace allows tailored solar exposure, enhancing year-round outdoor enjoyment with panoramic views over Tavira.
The valuation. The asking price of €740,000 is slightly below the fair value of €749,612, reflecting a minor discrepancy of €9,612 (1.3%). Verdict: fair. Buy-to-flip angle. A buy-to-flip strategy could involve cosmetic upgrades to enhance market appeal, targeting a resale at a premium price to capitalize on emerging demand in the Tavira area. Buy-to-let angle. With an estimated rental income of €1,665 per month, the property offers a gross yield of 2.7%, making it an attractive option for long-term rental in a location popular with tourists.
Fair value modelled at €749,612 from 5 comparable sales in the area. Asking €740,000 sits €9,612 (1.3%) below — the upside to fair value.
Asking €740,000 versus the Tavira (Santa Maria e Santiago), Tavira, Faro area baseline of €551,879 (€2,951/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €551,879, adjusted for condition and micro-location, gives a modelled fair value of €749,612 (€4,009/m²), a €9,612 (1.3%) gap versus the €740,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Tavira (Santa Maria e Santiago) · f46c70 | Subject | €740,000 | €3,957 | — | 82 | 61 |
| Tavira (Santa Maria e Santiago) · 3df546 | Active | €410,000 | €6,406 | 61.9% | 80 | 73 |
| Tavira (Santa Maria e Santiago) · 4a42ec | Active | €949,000 | €4,333 | 9.5% | 80 | 57 |
| Tavira (Santa Maria e Santiago) · 4392c1 | Active | €465,000 | €4,009 | 1.3% | 76 | 59 |
| Tavira (Santa Maria e Santiago) · 653025 | Active | €640,000 | €3,926 | 0.8% | 85 | 60 |
| Median comp | €552,500 | €4,171 | 5.4% | 80 | 60 |
Long-term rental The property offers a modest gross yield of 2.7%, aligned with typical rental returns in the region, but market conditions indicate limited growth potential. Given that the listing price is fairly close to its fair value, investors should be cautious of the long-term appreciation prospects. Short-term vacation rental While Tavira is located near popular Algarve amenities, the property’s yield of 2.7% may not attract investors seeking high returns from short-term vacation rentals. Furthermore, the pricing aligns closely with fair market values, indicating that potential rent may not cover the costs effectively after accounting for seasonal variance. Buy-and-hold Holding this property could yield steady rental income; however, with a fair valuation just above market price, future capital appreciation may be limited. Investors should evaluate their long-term strategies carefully, as the potential for significant value increase appears constrained in the current market context.
Market Vulnerability The economic stability score of 55 suggests that the property is situated in a potentially volatile market, which may affect rental income and tenant retention adversely.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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