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.
1-bedroom, 1-bathroom apartment of 61 m² on the 2nd floor, built in 1997, energy rating E. Located Santa Luzia parish, Tavira municipality, Faro district. Noteworthy Features: This apartment includes a private rooftop terrace that offers panoramic views over the Ria Formosa, enhancing outdoor living and relaxation. Location Advantage: It's within walking distance to the center of Santa Luzia and nearby beautiful beaches without the need for a car.
The valuation. The asking price of €275,000 sits €36,474 (15.3%) above the fair value of €238,526. This indicates that the property is overpriced in the current market.
Fair value modelled at €238,526 from 6 comparable sales in the area. Asking €275,000 sits €36,474 (15.3%) above — overpriced versus fair value.
Asking €275,000 versus the Santa Luzia, Tavira, Faro area baseline of €217,593 (€3,567/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 73/100 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 €217,593, adjusted for condition and micro-location, gives a modelled fair value of €238,526 (€3,910/m²), a €36,474 (15.3%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Santa Luzia · 162516 | Subject | €275,000 | €4,508 | — | 70 | 71 |
| Santa Luzia · b327a3 | Active | €295,000 | €4,538 | 0.7% | 70 | 62 |
| Tavira (Santa Maria e Santiago) · 83151e | Active | €274,000 | €3,914 | 13.2% | 54 | 62 |
| rua Joaquim Soares, 50 | Active | €250,000 | €4,167 | 7.6% | 60 | 63 |
| rua 25 de Abril | Active | €250,000 | €3,906 | 13.4% | 52 | 62 |
| Median comp | €262,000 | €4,041 | 10.4% | 57 | 62 |
Short-term vacation rental The current listing price of €275,000 represents a 15.3% premium over the fair value of €238,526, indicating an overpriced condition for potential short-term rental investments. With a gross yield of only 3.6%, this property does not offer compelling financial prospects in an area reliant on seasonal tourism. Buy-and-hold Given the property’s fair value of €238,526 compared to the asking price, it is challenging to justify a buy-and-hold strategy when the asset is overpriced. Investors may risk lower returns due to the 3.6% yield and the less-than-ideal neighborhood ratings of 71/100. Value-add renovation With the property priced at €275,000, investors will face inherent challenges, given the fair value is significantly lower at €238,526, marking it as overpriced. Although renovations could potentially improve the property’s condition rating of 73/100, the initial investment is too high to expect a strong return on renovation efforts.
Potential Economic Downturn The economic stability score of 65/100 suggests a heightened risk of downturns that could affect rental income and property value.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
