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, 1-bathroom apartment of 60 m² on the 1st floor, energy rating C. Located on rua Joaquim Soares, 50, Santa Luzia parish, Tavira municipality, Faro district. This apartment features two charming balconies with tranquil views, perfect for enjoying the outdoor ambiance of Santa Luzia while providing quick access to stunning local beaches.
The valuation. The asking price of €250,000 sits €20,579 (9.0%) above the fair value of €229,421, indicating that while it is priced fairly, it does not present a significant opportunity for immediate equity gain. Buy-to-flip angle. A resale strategy would focus on capitalizing on the apartment's location by updating with modern finishes, targeting a sale price at least 10% higher within 6-12 months to attract buyers drawn to the Algarve's appeal. Buy-to-let angle. The estimated rental income of €875/month yields a gross yield of 4.2%, making it a feasible option for long-term rental strategy, particularly in a tourist-influenced market like Santa Luzia.
Fair value modelled at €229,421 from 6 comparable sales in the area. Asking €250,000 sits €20,579 (9.0%) above — overpriced versus fair value.
Asking €250,000 versus the rua Joaquim Soares, 50 area baseline of €218,875 (€3,648/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 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 €218,875, adjusted for condition and micro-location, gives a modelled fair value of €229,421 (€3,824/m²), a €20,579 (9.0%) gap versus the €250,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Joaquim Soares, 50 | Subject | €250,000 | €4,167 | — | 60 | 63 |
| Santa Luzia · b327a3 | Active | €295,000 | €4,538 | 8.9% | 70 | 62 |
| rua 25 de Abril, 7 | Active | €349,500 | €3,883 | 6.8% | 48 | 55 |
| Tavira (Santa Maria e Santiago) · 1e65a8 | Active | €280,000 | €4,444 | 6.7% | 70 | 63 |
| Tavira (Santa Maria e Santiago) · 62270d | Active | €340,000 | €3,091 | 25.8% | 70 | 58 |
| Median comp | €317,500 | €4,164 | 0.1% | 70 | 60 |
Short-term vacation rental This property, with a gross yield of 4.2%, is positioned in the thriving tourism market of Tavira, attracting short-term tenants seeking holiday accommodations. However, with a fair value assessment revealing a 9.0% gap above market expectations, profitability may be impacted in a competitive landscape. Buy-and-hold As a buy-and-hold investment, this 2-bed apartment demonstrates moderate appeal, with a fair value indicating that the investment is currently at the market’s pricing standards. While the neighbourhood score of 63/100 suggests a reasonable quality of living, the expected returns may not significantly enhance over time given its valuation. Long-term rental For long-term rental prospects, this property offers stability in a typically tourist-driven market with a fair gross yield of 4.2%. Nevertheless, the current listing price is 9.0% above fair value, which may limit rental growth and long-term profitability potential in the region.
Economic Vulnerability Given the economic stability score of 55/100, there is a risk that economic fluctuations could adversely affect property values and tenant demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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