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, 2-bathroom apartment of 55 m² on the 1st floor, energy rating A. Located Conceição e Cabanas de Tavira parish, Tavira municipality, Faro district. Noteworthy Features: The apartment includes a spacious kitchen with contemporary finishes and benefits from direct pool access, enhancing its suitability for entertaining guests and relaxation.
The valuation. The asking price of €420,000 stands significantly above the fair value of €224,583, translating to a staggering 87.0% markup. This property is clearly overpriced, presenting little justification for its current listing.
Fair value modelled at €224,583 from 6 comparable sales in the area. Asking €420,000 sits €195,417 (87.0%) above — overpriced versus fair value.
Asking €420,000 versus the Conceição e Cabanas de Tavira, Tavira, Faro area baseline of €179,220 (€3,259/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 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 €179,220, adjusted for condition and micro-location, gives a modelled fair value of €224,583 (€4,083/m²), a €195,417 (87.0%) gap versus the €420,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Conceição e Cabanas de Tavira · 7ca8d6 | Subject | €420,000 | €7,636 | — | 80 | 70 |
| Tavira (Santa Maria e Santiago) · 3df546 | Active | €410,000 | €6,406 | 16.1% | 80 | 73 |
| Tavira (Santa Maria e Santiago) · 828f66 | Active | €485,000 | €3,849 | 49.6% | 85 | 61 |
| urbanização Quinta Morgado | Active | €375,000 | €4,167 | 45.4% | 71 | 60 |
| Tavira (Santa Maria e Santiago) · 38b19e | Active | €360,000 | €4,000 | 47.6% | 73 | 63 |
| Median comp | €392,500 | €4,084 | 46.5% | 77 | 62 |
Short-term vacation rental The property is overpriced at €420,000, significantly exceeding the fair value of €224,583, resulting in a gap of 87.0%. With a gross yield of 3.6%, this investment is unlikely to meet the financial expectations commonly associated with short-term vacation rentals in a competitive market like Algarve. Buy-and-hold Given the €420,000 listing price, which is 87.0% above the fair value of €224,583, the potential for long-term appreciation is diminished. The current gross yield of 3.6% does not offer sufficient incentive for holding this asset over time in a market that may not support such a premium price. Family rental Valued at €420,000, this property is overpriced compared to the fair value of €224,583, implying a lack of financial prudence for family rental investments. The yield of 3.6% also suggests that the property may not attract families looking for value in housing, given the area's competitive rental prices.
Economic Downturn Risk The economic stability score of 65 suggests potential vulnerability to downturns, which could affect tenant retention and rental income.
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