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.
4-bedroom, 3-bathroom apartment of 160 m² on the 1st floor, built in 1980, energy rating D. Located on rua Doutor Augusto Carlos Palma, 14, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. This apartment features a bright interior terrace and multiple balconies, enhancing outdoor living potential in the heart of Tavira.
The valuation. The asking price of €380,000 is €36,403 below the fair value of €416,403, representing an 8.7% discount, which categorizes this property as fairly valued. Buy-to-flip angle. With renovations focused on updating fixtures, the resale strategy aims for a profit margin by targeting the growing vacation rental market, capitalizing on the apartment's desirable location in Tavira. Buy-to-let angle. Given its location in the Algarve region, a long-term rental strategy could generate consistent income, although the gross yield of 0% suggests initial cash flow challenges until occupancy is established.
Fair value modelled at €416,403 from 6 comparable sales in the area. Asking €380,000 sits €36,403 (8.7%) below — the upside to fair value.
Asking €380,000 versus the rua Doutor Augusto Carlos Palma, 14 area baseline of €351,948 (€2,200/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 is below the parish average, reducing 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 €351,948, adjusted for condition and micro-location, gives a modelled fair value of €416,403 (€2,603/m²), a €36,403 (8.7%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Augusto Carlos Palma, 14 | Subject | €380,000 | €2,375 | — | 58 | 65 |
| rua Francisco de Sá Carneiro | Active | €390,000 | €2,393 | 0.7% | 68 | 60 |
| Tavira (Santa Maria e Santiago) · ba5a70 | Active | €330,000 | €2,519 | 6.1% | 72 | 63 |
| Tavira (Santa Maria e Santiago) · be957b | Active | €315,000 | €2,917 | 22.8% | — | 62 |
| rua Beatriz Costa | Active | €325,000 | €2,686 | 13.1% | 62 | 60 |
| Median comp | €327,500 | €2,603 | 9.6% | 68 | 61 |
Short-term vacation rental The property offers potential for short-term vacation rentals in the Algarve region, catering to the significant tourist flow. However, the 0% gross yield and a fair value gap of 8.7% indicate that it may not generate optimal returns for this strategy. Buy-and-hold As a buy-and-hold investment, the apartment is positioned in a region with a stable economic backdrop, yet its fair pricing and condition rating of 62/100 suggest limited appreciation potential over time. The neighborhood's 65/100 rating further underscores the need for cautious optimism regarding long-term returns. Long-term rental While the property could serve as a long-term rental unit, the absence of gross yield and its fair valuation indicate that it might struggle to attract dependable tenants or secure rental price increases. The neighborhood dynamics offer moderate tenant quality, which may not support desirable long-term rental income. Not ideal for This property is not suited for student housing, the luxury market, or industrial investments, given its condition and pricing structure that does not align with higher-end market demands. The local amenities and employment prospects lean more towards seasonal rather than permanent residency, further emphasizing these misalignments.
Economic Vulnerability The economic stability score of 60 suggests that the local market may be prone to fluctuations, which could affect rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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