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 153 m², built in 2008. Located on praça da República, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: The apartment's rare 50 m² private interior patio serves as a versatile extension of living space, ideal for outdoor gatherings and relaxation in a vibrant Algarve setting.
The valuation. The asking price of €475,000 sits €135,963 (22.3%) below the fair value of €610,963. This property is clearly underpriced, presenting an attractive opportunity for investors.
Fair value modelled at €610,963 from 6 comparable sales in the area. Asking €475,000 sits €135,963 (22.3%) below — the upside to fair value.
Asking €475,000 versus the praça da República area baseline of €479,180 (€3,132/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €479,180, adjusted for condition and micro-location, gives a modelled fair value of €610,963 (€3,993/m²), a €135,963 (22.3%) gap versus the €475,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça da República | Subject | €475,000 | €3,105 | — | 78 | 59 |
| praça da República | Active | €525,000 | €4,565 | 47.0% | 90 | 67 |
| praça da República | Active | €375,000 | €4,464 | 43.8% | 75 | 61 |
| praça da República | Active | €279,500 | €3,630 | 16.9% | 71 | 64 |
| praça da República | Active | €395,000 | €4,072 | 31.2% | 74 | 62 |
| Median comp | €385,000 | €4,268 | 37.5% | 75 | 63 |
Short-term vacation rental The property in Tavira is well-positioned for seasonal short-term rentals, given the rural Algarve's heavy reliance on tourism. With a significant gap of 22.3% against the fair value, this opportunity presents a compelling case for generating rental income during peak seasons. Buy-and-hold Investing in this 2-bed apartment could be beneficial as the fair value of €610,963 suggests strong long-term appreciation potential. The current market conditions and the apartment's overall good condition of 80/100 indicate a sound investment for those looking to hold for future gains. Value-add renovation With a condition rating of 80/100, there is an opportunity to enhance the property further through targeted renovations, improving both its appeal and potential rental income. The gap from fair value implies that strategic upgrades could yield significant returns, making this a prime candidate for value-add investment strategies.
Low tenant reliability With a tenant stability score of 60/100, there's a notable risk of potential turnover or vacancy, which could disrupt cash flow.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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