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, energy rating B. Located Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: The apartment includes a fully furnished, modern kitchen that seamlessly connects to the outdoor space, equipped with a barbecue, enhancing the indoor-outdoor living experience.
The valuation. The asking price of €573,000 sits significantly above the fair value of €474,167, showing a disparity of €98,833 (20.8%). This property is considered overpriced relative to its valuation.
Fair value modelled at €474,167 from 6 comparable sales in the area. Asking €573,000 sits €98,833 (20.8%) above — overpriced versus fair value.
Asking €573,000 versus the Tavira (Santa Maria e Santiago), Tavira, Faro area baseline of €382,509 (€3,297/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €382,509, adjusted for condition and micro-location, gives a modelled fair value of €474,167 (€4,088/m²), a €98,833 (20.8%) gap versus the €573,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Tavira (Santa Maria e Santiago) · a8ed8c | Subject | €573,000 | €4,940 | — | 74 | 57 |
| Tavira (Santa Maria e Santiago) · 4392c1 | Active | €465,000 | €4,009 | 18.8% | 76 | 59 |
| Tavira (Santa Maria e Santiago) · 4a42ec | Active | €949,000 | €4,333 | 12.3% | 80 | 57 |
| urbanização Quinta Morgado | Active | €375,000 | €4,167 | 15.6% | 71 | 60 |
| Tavira (Santa Maria e Santiago) · 3df546 | Active | €410,000 | €6,406 | 29.7% | 80 | 73 |
| Median comp | €437,500 | €4,250 | 14.0% | 78 | 60 |
Short-term vacation rental The property is overpriced at €573,000, with its fair value estimated at €474,167, indicating a significant gap of 20.8%. Coupled with a low gross yield of 2.9% and a neighborhood score of 57/100, it poses an unattractive investment for vacation rentals in the current market. Long-term rental With a valuation of €573,000 and a fair value of only €474,167, the property reflects a concerning 20.8% markup, making it a poor choice for long-term rental investment. The gross yield of 2.9% and the neighborhood condition scoring 57/100 further suggest that this property does not justify its listing price for sustained rental income.
High Economic Risk The property's economic stability score of 40/100 indicates a significant risk of declining market conditions, potentially affecting tenant demand 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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