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 51 m², energy rating D. Located on rua da Porta Nova, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Feature: The property features a terrace on the upper level, ideal for creating a vibrant outdoor living space, enhancing its appeal for renovation-driven investment in Tavira.
The valuation. The asking price of €165,000 is below the fair value of €198,634, indicating a discrepancy of €33,634, or 16.9%. This property is therefore considered subpriced and presents an attractive investment opportunity.
Fair value modelled at €198,634 from 6 comparable sales in the area. Asking €165,000 sits €33,634 (16.9%) below — the upside to fair value.
Asking €165,000 versus the rua da Porta Nova area baseline of €218,548 (€4,285/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 24/100 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 €218,548, adjusted for condition and micro-location, gives a modelled fair value of €198,634 (€3,895/m²), a €33,634 (16.9%) gap versus the €165,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Porta Nova | Subject | €165,000 | €3,235 | — | 20 | 55 |
| rua das Portas do Postigo, 1 | Active | €273,000 | €3,413 | 5.5% | 35 | 56 |
| rua das Portas do Postigo | Active | €274,000 | €3,468 | 7.2% | 40 | 53 |
| Tavira (Santa Maria e Santiago) · 49b782 | Active | €186,000 | €5,167 | 59.7% | 42 | 51 |
| rua 25 de Abril, 7 | Active | €349,500 | €3,883 | 20.0% | 48 | 55 |
| Median comp | €273,500 | €3,676 | 13.6% | 41 | 54 |
Short-term vacation rental The property presents a compelling opportunity for short-term vacation rental, especially considering its 5.5% gross yield. With the fair value significantly higher at €198,634, this investment could capitalize on the seasonal tourism influx in Tavira while being priced at a favorable market position. Long-term rental In the long-term rental market, this 1-bed apartment is poised to attract stable tenants, especially given its relatively affordable price of €165,000 compared to the fair value of €198,634. Despite a lower neighborhood score of 55/100, the property offers an attractive yield of 5.5%, making it a solid choice for long-term investment. Value-add renovation This property provides a prime opportunity for value-add renovation, with its current condition rated at only 24/100, indicating significant potential for improvement. By enhancing the apartment and capitalizing on the fair value gap of 16.9% to €198,634, an investor can unlock substantial additional value in the property, aligning with market demands. Not ideal for student housing Given the location's seasonal economic focus and the neighborhood's lower tenant quality rating of 55/100, this property is not ideal for student housing. The market conditions do not support the stable demand necessary for successful student rental investments. Not ideal for luxury market With the current valuations and neighborhood characteristics, this property is not suitable for entry into the luxury market segment. The €165,000 price point does not align with the expectations of luxury buyers, particularly given the property’s condition and area dynamics. Not ideal for commercial investments The residential nature of this property and its focus on the seasonal tourism economy suggest that it would struggle to meet the demands of commercial investors. Furthermore, the neighborhood's economic factors and tenant quality indicate a lack of support for commercial investment opportunities.
Tenant turnover risk Tenants may frequently change due to moderate tenant stability (60/100), impacting rental income and occupancy rates.
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