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 97 m², energy rating D. Located on avenida Doutor Eduardo Mansinho, 3, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Feature: The apartment boasts a large private terrace with a barbecue, offering stunning views and an ideal setting for outdoor entertaining in the Algarvean climate.
The valuation. The asking price of €414,615 is significantly above the fair value of €360,453, creating a discrepancy of €54,162 (15.0%), which classifies the property as overpriced.
Fair value modelled at €360,453 from 6 comparable sales in the area. Asking €414,615 sits €54,162 (15.0%) above — overpriced versus fair value.
Asking €414,615 versus the avenida Doutor Eduardo Mansinho, 3 area baseline of €312,138 (€3,218/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €312,138, adjusted for condition and micro-location, gives a modelled fair value of €360,453 (€3,716/m²), a €54,162 (15.0%) gap versus the €414,615 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Doutor Eduardo Mansinho, 3 | Subject | €414,615 | €4,274 | — | 68 | 63 |
| Tavira (Santa Maria e Santiago) · 3df30c | Active | €332,000 | €3,388 | 20.7% | 65 | 67 |
| Tavira (Santa Maria e Santiago) · 96c509 | Active | €390,000 | €3,980 | 6.9% | — | 73 |
| rua Doutor Augusto Carlos Palma, 9 | Active | €350,000 | €3,723 | 12.9% | 65 | 66 |
| praceta Liberto Conceição, 1 | Active | €560,000 | €3,709 | 13.2% | 75 | 70 |
| Median comp | €370,000 | €3,716 | 13.1% | 65 | 69 |
Short-term vacation rental This 3-bedroom apartment in Tavira is currently listed at €414,615, which is 15% above its fair value of €360,453. Given the neighborhood's average rating of 63/100 and its gross yield of only 3.4%, this investment is unlikely to deliver strong returns in the competitive vacation rental market. Buy-and-hold At a listing price of €414,615, this property exceeds its fair value, making it a less attractive long-term investment. The combination of a 3.4% gross yield and a condition rating of 65/100 suggests that holding onto this asset may not provide the desired capital appreciation. Family rental Although the property has ample space for family living, its listing price of €414,615 represents a 15% premium over the fair value of €360,453. The current economic conditions and neighborhood quality ratings indicate that renting this apartment to a family may not yield satisfactory rental income compared to other available options.
Economic Volatility Risk: With an economic stability score of 55/100, the property may face fluctuations in demand, potentially impacting rental income and tenant retention negatively.
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