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, 0-bathroom apartment of 70 m², energy rating D. Located Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: This apartment features unique decorative tiles that highlight its historical charm and a versatile layout that separates living spaces, enhancing its potential for creative renovations.
The valuation. The asking price of €274,000 is slightly above the fair value of €271,721, representing a 0.8% difference. This property is deemed to be priced fairly in the current market context.
Fair value modelled at €271,721 from 6 comparable sales in the area. Asking €274,000 sits €2,279 (0.8%) above — overpriced versus fair value.
Asking €274,000 versus the Tavira (Santa Maria e Santiago), Tavira, Faro area baseline of €281,394 (€4,020/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 41/100 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 €281,394, adjusted for condition and micro-location, gives a modelled fair value of €271,721 (€3,882/m²), a €2,279 (0.8%) gap versus the €274,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Tavira (Santa Maria e Santiago) · cc9977 | Subject | €274,000 | €3,914 | — | 45 | 63 |
| Tavira (Santa Maria e Santiago) · 62266f | Active | €332,000 | €3,906 | 0.2% | 70 | 55 |
| praça da República | Active | €395,000 | €4,072 | 4.0% | 74 | 62 |
| praça da República | Active | €279,500 | €3,630 | 7.3% | 71 | 64 |
| praça da República | Active | €525,000 | €4,565 | 16.6% | 90 | 67 |
| Median comp | €363,500 | €3,989 | 1.9% | 73 | 63 |
Short-term vacation rental This property, with a listing price of €274,000 and a fair value of €271,721, shows only a marginal gap of 0.8%, indicating that it is fairly priced but may not yield competitive returns due to its 0% gross yield. The condition rating of 41/100 suggests that potential renovation may be needed to appeal to tourists seeking comfortable accommodations. Long-term rental At a fair valuation of €271,721 against a listing price of €274,000, this property sits at a narrow 0.8% difference and would not offer strong cash flow as it presents a 0% gross yield. The neighbourhood rating of 63/100 indicates decent living conditions but may not attract high-quality long-term tenants consistently. Buy-and-hold With the apartment priced at €274,000 and a fair value of €271,721, the slight 0.8% discrepancy suggests it is fairly positioned within the market; however, the lack of rental yield indicates uncertainty surrounding appreciation potential. While the location in Tavira benefits from tourist appeal, the existing condition score of 41/100 implies significant investment may be required to sustain its long-term value.
Economic Downturn Risk The property may experience vacancy issues if the economic stability score of 65/100 leads to a decrease in demand for rentals, potentially impacting tenant turnover and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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