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, 1-bathroom apartment of 64 m² on the 2nd floor, energy rating E. Located on rua António Pinheiro, 3, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: This apartment includes a charming balcony with views of the surrounding area, enhancing outdoor living potential in a sought-after neighborhood of Tavira. Investment Potential: The property’s strategic location supports high rental demand, appealing to both long-term and short-term leasing options.
The valuation. The asking price of €198,000 is significantly below its fair value of €249,267, indicating the property is underpriced by €51,267 (20.6%). This presents a favorable opportunity for potential investors. Buy-to-flip angle. The property can be improved with updates to the kitchen and bathroom, potentially increasing its appeal and resale value, making it an attractive buy-to-flip option. Buy-to-let angle. With an estimated gross yield of 4.6%, generating approximately €759 per month, this apartment is well-positioned for a profitable long-term rental strategy, especially in the tourist-heavy Algarve region.
Fair value modelled at €249,267 from 6 comparable sales in the area. Asking €198,000 sits €51,267 (20.6%) below — the upside to fair value.
Asking €198,000 versus the rua António Pinheiro, 3 area baseline of €229,227 (€3,582/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 59/100 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 €229,227, adjusted for condition and micro-location, gives a modelled fair value of €249,267 (€3,895/m²), a €51,267 (20.6%) gap versus the €198,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua António Pinheiro, 3 | Subject | €198,000 | €3,094 | — | 62 | 75 |
| rua 25 de Abril | Active | €250,000 | €3,906 | 26.3% | 52 | 62 |
| rua 25 de Abril, 7 | Active | €349,500 | €3,883 | 25.5% | 48 | 55 |
| Tavira (Santa Maria e Santiago) · 62270d | Active | €340,000 | €3,091 | 0.1% | 70 | 58 |
| Tavira (Santa Maria e Santiago) · 937136 | Active | €385,000 | €4,477 | 44.7% | 65 | 61 |
| Median comp | €344,750 | €3,895 | 25.9% | 59 | 60 |
Short-term vacation rental The current listing price of €198,000 reflects an attractive opportunity for short-term vacation rental, given its fair value of €249,267 which suggests potential for appreciation. With a gross yield of 4.6% and the property's favorable condition and neighborhood score, it aligns well with seasonal tourism demand in Tavira. Long-term rental Given the fair value gap of 20.6%, this property presents a solid option for long-term rental investments, appealing to both local and expatriate tenants in the Algarve region. The combination of a decent yield of 4.6% and a supportive neighborhood environment enhances its attractiveness for consistent rental income. Buy-and-hold This property is well-positioned for a buy-and-hold strategy, particularly due to its subvalorizada status compared to fair market value, indicating future appreciation potential. The 4.6% yield, along with a reasonable condition score of 59/100, could ensure positive cash flow while offering value appreciation over time.
Economic Vulnerability The economic stability score of 70/100 indicates a moderate risk of economic downturns affecting property value and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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