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, 3-bathroom penthouse of 193 m² on the 1st floor, built in 2010, energy rating C. Located on travessa Ingmar Bergman, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Feature: The private roof terrace includes a new pergola, offering both sea and mountain views, perfect for outdoor gatherings year-round.
The valuation. The asking price of €650,000 is notably below the fair value of €729,781, indicating the property is underpriced by €79,781 (10.9%). This creates a compelling opportunity for investors.
Fair value modelled at €729,781 from 6 comparable sales in the area. Asking €650,000 sits €79,781 (10.9%) below — the upside to fair value.
Asking €650,000 versus the travessa Ingmar Bergman area baseline of €550,391 (€2,852/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €550,391, adjusted for condition and micro-location, gives a modelled fair value of €729,781 (€3,781/m²), a €79,781 (10.9%) gap versus the €650,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa Ingmar Bergman | Subject | €650,000 | €3,368 | — | 80 | 64 |
| rua Engenheiro Técnico Agrário José Francisco Massapina Junior, 7 | Active | €490,000 | €3,798 | 12.8% | 75 | 57 |
| Tavira (Santa Maria e Santiago) · b7c28b | Active | €695,000 | €4,017 | 19.3% | 80 | 60 |
| Tavira (Santa Maria e Santiago) · 25f70c | Active | €360,000 | €3,830 | 13.7% | 75 | 62 |
| Tavira (Santa Maria e Santiago) · ee88f1 | Active | €620,000 | €3,351 | 0.5% | 73 | 61 |
| Median comp | €555,000 | €3,814 | 13.2% | 75 | 61 |
Short-term vacation rental The 3-bed penthouse in Tavira, listed at €650,000, presents a promising opportunity as a vacation rental, with a fair value of €729,781 reflecting a 10.9% gap. The region’s status as a tourist hub positions this property for strong demand, especially given the 3.5% gross yield in an area that boasts a condition score of 82/100. Long-term rental Considering its appealing condition and solid amenities, this property is positioned well for long-term rental markets, balancing a competitive listing price against its fair value of €729,781. With a gross yield of 3.5%, the property aligns with the needs of persistent demand in the Algarve, thanks to its coastal proximity. Buy-and-hold Investing in this penthouse as a buy-and-hold strategy is attractive, as it continues to carry a market fair value of €729,781 while being listed at €650,000, suggesting solid upside potential. The combination of a desirable condition score and a reasonable gross yield of 3.5% enhances the long-term investment appeal in a growing market like Tavira.
Economic and Tenant Instability With both economic stability and tenant stability scores at 60/100, there is a significant risk of fluctuating rental income and potential vacancies due to instability in the local economy and tenant base.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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