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, 4-bathroom townhouse of 133 m², built in 2005, energy rating B. Located on rua General Jose de Chelmicki S / N, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: The townhouse boasts a functional rooftop terrace offering panoramic views of Tavira, and a versatile basement space that can be transformed into a gym or games room.
The valuation. The property is listed at €590,000, which is €79,469 or 15.6% above the fair value of €510,531. This valuation indicates that the asking price is overpriced and not aligned with market expectations.
Fair value modelled at €510,531 from 5 comparable sales in the area. Asking €590,000 sits €79,469 (15.6%) above — overpriced versus fair value.
Asking €590,000 versus the rua General Jose de Chelmicki S / N area baseline of €400,836 (€3,014/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €400,836, adjusted for condition and micro-location, gives a modelled fair value of €510,531 (€3,839/m²), a €79,469 (15.6%) gap versus the €590,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua General Jose de Chelmicki S / N | Subject | €590,000 | €4,436 | — | 75 | 62 |
| Tavira (Santa Maria e Santiago) · 62743a | Active | €1,345,000 | €5,675 | 27.9% | 79 | 63 |
| Tavira (Santa Maria e Santiago) · 86cb7a | Active | €1,089,000 | €4,391 | 1.0% | 82 | 61 |
| rua Eduardo Vilhena Guerreiro S / N | Active | €975,000 | €3,839 | 13.5% | 78 | 60 |
| rua Dom Jerónimo Osório | Active | €640,000 | €3,743 | 15.6% | 80 | 60 |
| Median comp | €1,032,000 | €4,115 | 7.2% | 80 | 61 |
Short-term vacation rental The current listing price of €590,000 for the townhouse represents a 15.6% gap above its fair value of €510,531, indicating that the investment is overpriced. With a gross yield of only 2.8%, the expected returns from short-term rentals in a tourist-driven market may not justify the above-market purchase price. Long-term rental At €590,000, the property is 15.6% above its fair value, limiting the attraction for long-term rental investors seeking competitive returns. Given the gross yield of 2.8%, the townhouse's current valuation suggests a challenging investment landscape for stable rental income. Buy-and-hold The townhouse priced at €590,000 exceeds its fair value by 15.6%, raising concerns about its appeal for a long-term buy-and-hold strategy. Coupled with a less-than-ideal gross yield of 2.8%, this property may not deliver the anticipated capital appreciation necessary to offset its overpriced status.
Economic Risk The economic stability score of 55/100 indicates that market conditions may not support consistent rental income.
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