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 124 m² on the 2nd floor, built in 2005, energy rating E. Located Luz de Tavira e Santo Estévão parish, Tavira municipality, Faro district. This apartment features a common terrace that offers panoramic views of the sea, perfect for relaxation and enjoying the stunning landscape.
The valuation. The asking price of €330,000 sits €97,321 (22.8%) below the fair value of €427,321, indicating the property is subpriced. This presents a solid investment opportunity in a desirable location.
Fair value modelled at €427,321 from 6 comparable sales in the area. Asking €330,000 sits €97,321 (22.8%) below — the upside to fair value.
Asking €330,000 versus the Luz de Tavira e Santo Estévão, Tavira, Faro area baseline of €325,410 (€2,624/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €325,410, adjusted for condition and micro-location, gives a modelled fair value of €427,321 (€3,446/m²), a €97,321 (22.8%) gap versus the €330,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Luz de Tavira e Santo Estévão · 627449 | Subject | €330,000 | €2,661 | — | 73 | 58 |
| autoestrada EM516 | Active | €375,000 | €3,099 | 16.5% | 75 | 66 |
| autoestrada EM516 | Active | €375,000 | €3,099 | 16.5% | 80 | 63 |
| Luz de Tavira e Santo Estévão · 388dd8 | Active | €1,100,000 | €3,022 | 13.6% | 59 | 61 |
| Luz de Tavira e Santo Estévão · 001a0b | Active | €440,000 | €3,793 | 42.5% | 58 | 60 |
| Median comp | €407,500 | €3,099 | 16.4% | 67 | 62 |
Long-term rental This 3-bed apartment, with a gap of 22.8% below fair value at €330,000, presents an excellent opportunity for steady long-term rental income. Given its solid condition rating of 78/100, it can attract reliable tenants in a desirable location near Algarve. Buy-and-hold With the property priced significantly below its fair value, this asset in Luz de Tavira e Santo Estévão offers a compelling buy-and-hold strategy for investors seeking capital appreciation. The stable attraction of the area's amenities supports the long-term growth potential, making it a strategic addition to any portfolio. Not ideal for short-term vacation rental While situated in a desirable region, the current condition and neighbourhood rating indicate that this property may not be well-suited for the competitive short-term vacation rental market. Its lack of gross yield further highlights the challenges of positioning it for short stays. Not ideal for luxury market Although the area has charm, the prevailing condition and average neighbourhood rating suggest that this apartment does not align with the expectations of luxury buyers. Its pricing and features must be carefully considered, as they do not cater to high-end market demands.
Economic volatility risk The economic stability score of 50/100 indicates a higher risk of fluctuations in local economic conditions that could impact property value and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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