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, 3-bathroom townhouse of 173 m², built in 2007. Located Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. This townhouse features a unique outdoor space with a built-in barbecue and bread/pizza oven, perfect for entertaining, along with direct access to terraces on both levels.
The valuation. The asking price of €695,000 sits 8.5% below the fair value of €759,793, indicating a property priced fairly for its market. This balance reflects a well-positioned opportunity without overhanging undue risk. Buy-to-flip angle. A potential buy-to-flip strategy could capitalize on the strong demand, focusing on cosmetic upgrades to enhance resale value significantly. Given the property’s condition and its location, targeted renovations could yield a compelling return. Buy-to-let angle. The estimated rental income of €1,564/month translates to a gross yield of 2.7%, making it a viable long-term investment. This aligns well with the strong tourist demand in the Algarve, ensuring consistent occupancy rates.
Fair value modelled at €759,793 from 6 comparable sales in the area. Asking €695,000 sits €64,793 (8.5%) below — the upside to fair value.
Asking €695,000 versus the Tavira (Santa Maria e Santiago), Tavira, Faro area baseline of €622,489 (€3,598/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 €622,489, adjusted for condition and micro-location, gives a modelled fair value of €759,793 (€4,392/m²), a €64,793 (8.5%) gap versus the €695,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Tavira (Santa Maria e Santiago) · a803e9 | Subject | €695,000 | €4,017 | — | 75 | 70 |
| praça da República | Active | €535,000 | €8,231 | 104.9% | 80 | 73 |
| via Algarviana | Active | €745,000 | €4,027 | 0.2% | 78 | 61 |
| Tavira (Santa Maria e Santiago) · 190860 | Active | €850,000 | €4,670 | 16.3% | 80 | 73 |
| Tavira (Santa Maria e Santiago) · 8313a7 | Active | €399,000 | €4,113 | 2.4% | 75 | 70 |
| Median comp | €640,000 | €4,392 | 9.3% | 79 | 72 |
Short-term vacation rental Given Tavira's strong tourist demand, this property could attract high rental rates during peak seasons, although its current yield of 2.7% suggests moderate profitability in the short-term rental market. However, with the property priced at €695,000, which is 8.5% below the fair value of €759,793, investors should approach this opportunity cautiously, recognizing the competitive landscape. Long-term rental The property’s location in a desirable tourist area makes it a potential candidate for long-term rentals; however, the yield of 2.7% indicates limited cash flow potential. Additionally, while the fair value is set at €759,793, the asking price of €695,000 reflects a minor gap, suggesting investors must assess the neighborhood and property condition carefully before committing. Buy-and-hold Investing in this townhouse as a buy-and-hold asset could benefit from capital appreciation over time, especially considering Tavira's stable real estate market influenced by tourism. Nonetheless, given the fair value of €759,793 against the asking price of €695,000, which is only a slight gap, potential investors should evaluate the likelihood of significant value growth in the short to medium term.
Potential Decline in Economic Stability The economic stability score of 60/100 suggests a potential for declining market conditions that could impact property values negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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