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 79 m², built in 1996, energy rating D. Located on rua das Portas do Postigo, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: This apartment includes a private courtyard with barbecue facilities, providing a unique outdoor space ideal for entertaining or relaxing in Tavira's vibrant Historic Center. Condition Notes: The property exhibits significant wear and needs considerable updates, particularly in terms of its aging structure, dated appliances, and subpar aesthetic finishes; the layout provides adequate dimensions but lacks cohesion and modern appeal, resulting in an average evaluation overall.
The valuation. The asking price of €274,000 sits €40,388 (12.8%) below the fair value of €314,388, indicating the property is subvalorizada and presents an opportunity for investment. Buy-to-flip angle. The resale strategy focuses on cosmetic upgrades to modernize the apartment, enhancing its appeal to potential buyers due to the property's current dated condition. Buy-to-let angle. A long-term rental strategy offers an estimated gross yield of 4.2%, equating to around €959 per month, capitalizing on Tavira's seasonal tourist influx for stable income.
Fair value modelled at €314,388 from 5 comparable sales in the area. Asking €274,000 sits €40,388 (12.8%) below — the upside to fair value.
Asking €274,000 versus the rua das Portas do Postigo area baseline of €315,524 (€3,994/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 43/100 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 €315,524, adjusted for condition and micro-location, gives a modelled fair value of €314,388 (€3,980/m²), a €40,388 (12.8%) gap versus the €274,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Portas do Postigo | Subject | €274,000 | €3,468 | — | 40 | 53 |
| rua 25 de Abril, 7 | Active | €349,500 | €3,883 | 12.0% | 48 | 55 |
| rua 25 de Abril | Active | €250,000 | €3,906 | 12.6% | 52 | 62 |
| Tavira (Santa Maria e Santiago) · 49b782 | Active | €186,000 | €5,167 | 49.0% | 42 | 51 |
| Tavira (Santa Maria e Santiago) · 6c7bf5 | Active | €199,000 | €4,061 | 17.1% | 62 | 59 |
| Median comp | €224,500 | €3,984 | 14.9% | 50 | 57 |
Long-term rental The property offers a gross yield of 4.2%, which is attractive for long-term rental investors looking for steady income in a region influenced by seasonal tourism. Given its fair value of €314,388, the current listing price of €274,000 represents a compelling opportunity for cash flow generation in a moderately rated neighborhood. Buy-and-hold Investing in this 2-bed apartment in Tavira allows for appreciation potential, as it is currently listed at 12.8% below fair value. The property’s positioning within a tourist-friendly area with seasonal economic activity suggests that holding this asset may lead to significant capital gains over time, despite the neighborhood's moderate ratings.
Low Economic and Tenant Stability Risk The economic stability score of 40/100 and tenant stability score of 50/100 indicate a heightened risk of tenant turnover and financial instability affecting rental income.
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