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.
4-bedroom, 3-bathroom apartment of 185 m² on the 3rd floor, built in 2000. Located Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Property Feature: The expansive private terrace not only provides ample space for outdoor living but also boasts panoramic views of Tavira, the mountains, and the sea, enhancing its appeal as a tranquil retreat.
The valuation. The asking price of €620,000 is below the fair value of €687,461, positioning the property as underpriced by €67,461 (9.8%). This presents a compelling opportunity for potential investors. Buy-to-flip angle. A buy-and-flip strategy could yield significant returns, capitalizing on the property’s appealing aesthetics and condition to attract buyers at a higher resale price. Buy-to-let angle. With no current rental income estimated and a 0% gross yield, the property remains primed for a lucrative long-term rental strategy, especially given its attractiveness in the tourist-centric Algarve region.
Fair value modelled at €687,461 from 6 comparable sales in the area. Asking €620,000 sits €67,461 (9.8%) below — the upside to fair value.
Asking €620,000 versus the Tavira (Santa Maria e Santiago), Tavira, Faro area baseline of €553,273 (€2,991/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €553,273, adjusted for condition and micro-location, gives a modelled fair value of €687,461 (€3,716/m²), a €67,461 (9.8%) gap versus the €620,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Tavira (Santa Maria e Santiago) · ee88f1 | Subject | €620,000 | €3,351 | — | 73 | 61 |
| rua Engenheiro Técnico Agrário José Francisco Massapina Junior, 7 | Active | €490,000 | €3,798 | 13.3% | 75 | 57 |
| praceta Liberto Conceição, 1 | Active | €560,000 | €3,709 | 10.7% | 75 | 70 |
| Tavira (Santa Maria e Santiago) · b7c28b | Active | €695,000 | €4,017 | 19.9% | 80 | 60 |
| Tavira (Santa Maria e Santiago) · 483c83 | Active | €480,000 | €3,453 | 3.0% | 82 | 58 |
| Median comp | €525,000 | €3,754 | 12.0% | 78 | 59 |
Long-term rental The property is well-situated in Tavira, benefiting from proximity to the tourist-centric Algarve region, which enhances housing demand. While the gross yield is currently at 0%, the slight gap below fair value suggests potential for competitive long-term rental opportunities as demand continues to grow. Short-term vacation rental Given its location in a sought-after tourist area, this property presents an appealing option for short-term vacation rental, capitalizing on the influx of visitors to the region. The 9.8% gap below fair value indicates a lucrative chance to generate income in a thriving rental market. Buy-and-hold Investing in this property as a buy-and-hold strategy is prudent given its fair value significantly exceeds the listing price, implying potential appreciation over time. The solid local economic activity linked to tourism strengthens the rationale for holding this asset long-term for increased value appreciation.
Economic Vulnerability With an economic stability score of 55/100, the property may face higher susceptibility to market fluctuations that could affect rental income and property value 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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