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, 2-bathroom apartment of 117 m² on the 1st floor, built in 1992, energy rating D. Located on praceta Adelino Amaro da Costa, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: This apartment includes a small balcony accessible from the living room and is strategically located just 650 meters from the iconic Roman Bridge of Tavira.
The valuation. The asking price of €335,000 sits €12,241 (3.8%) above the fair value of €322,759, indicating a valuation consistent with the current market conditions. This property is assessed as fairly valued. Buy-to-flip angle. The potential resale strategy capitalizes on the property’s appealing features and location near the Algarve coast, targeting short-term vacation rental markets for higher returns. Upgrades could further increase the profit margin upon resale. Buy-to-let angle. Aiming for a rental income of approximately €1,200/month, the gross yield stands at 4.3%. This rental strategy leverages the region's tourism-driven demand, providing steady cash flow for investors.
Fair value modelled at €322,759 from 6 comparable sales in the area. Asking €335,000 sits €12,241 (3.8%) above — overpriced versus fair value.
Asking €335,000 versus the praceta Adelino Amaro da Costa area baseline of €274,677 (€2,348/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €274,677, adjusted for condition and micro-location, gives a modelled fair value of €322,759 (€2,759/m²), a €12,241 (3.8%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praceta Adelino Amaro da Costa | Subject | €335,000 | €2,863 | — | 60 | 57 |
| Tavira (Santa Maria e Santiago) · be957b | Active | €315,000 | €2,917 | 1.9% | — | 62 |
| rua Beatriz Costa | Active | €325,000 | €2,686 | 6.2% | 62 | 60 |
| rua Doutor Silvestre Falcão | Active | €320,000 | €2,759 | 3.7% | 65 | 58 |
| rua Doutor Silvestre Falcão | Active | €320,000 | €2,759 | 3.7% | 70 | 71 |
| Median comp | €320,000 | €2,759 | 3.6% | 65 | 61 |
Short-term vacation rental The property in Tavira is well-positioned for short-term vacation rentals due to its proximity to the Algarve coast, although it is priced slightly above fair value with a gap of 3.8%. Despite a decent yield of 4.3% gross, potential investors should be cautious about competition and neighborhood ratings which may impact rental income. Long-term rental As a long-term rental investment, this property is fairly priced, but the neighborhood score of 57/100 indicates a need for careful consideration of tenant quality and market stability. The gross yield of 4.3% reflects reasonable income potential, yet investors must be mindful of the general economic reliance on tourism which may affect rental demand over time.
Economic Vulnerability The economic stability score of 50/100 indicates a heightened risk of market fluctuations that could negatively impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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