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 86 m² on the 2nd floor, built in 2007, energy rating B. Located on praça da República, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: This top-floor apartment offers stunning views of the resort's pools and Mediterranean gardens from its private sun terrace, emphasizing outdoor living in a vibrant resort setting.
The valuation. The asking price of €365,000 is below the fair value of €413,061, reflecting a difference of €48,061 (11.6%). This property is considered underpriced, presenting an attractive opportunity for prospective buyers.
Fair value modelled at €413,061 from 6 comparable sales in the area. Asking €365,000 sits €48,061 (11.6%) below — the upside to fair value.
Asking €365,000 versus the praça da República area baseline of €360,085 (€4,187/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 71/100 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 €360,085, adjusted for condition and micro-location, gives a modelled fair value of €413,061 (€4,803/m²), a €48,061 (11.6%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça da República | Subject | €365,000 | €4,244 | — | 68 | 60 |
| urbanização Quinta Morgado | Active | €375,000 | €4,167 | 1.8% | 71 | 60 |
| Tavira (Santa Maria e Santiago) · 4392c1 | Active | €465,000 | €4,009 | 5.6% | 76 | 59 |
| rua da Liberdade, 13 | Active | €1,300,000 | €6,311 | 48.7% | 78 | 52 |
| rua da Liberdade | Active | €580,000 | €5,273 | 24.2% | 75 | 62 |
| Median comp | €522,500 | €4,720 | 11.2% | 76 | 60 |
Short-term vacation rental Given the property's location in Tavira, a popular tourist destination, there is strong potential for short-term vacation rental income, capitalizing on the area's consistent visitor flow. With a fair value of €413,061, the listing at €365,000 represents an attractive entry point for investors focused on seasonal rentals. Buy-and-hold The buy-and-hold strategy aligns well with this property, as it is expected to appreciate over time due to ongoing demand in the tourist market and the identified gap of 11.6% below fair value. This strategy leverages the property’s potential for capital gains while generating a gross yield of 4%. Family rental While the property could serve as a family rental, its condition rating of 71/100 and neighborhood score of 60/100 suggest some limitations on tenant quality attracted to long-term family residency. However, with the current pricing below fair market value, it could appeal to families seeking a more affordable option in the region. Student housing This property is not ideal for student housing, given the limited local employment opportunities that stem from the area's reliance on tourism. Additionally, its suitability for long-term rental is hampered by the lower neighborhood rating and overall condition, which may not meet the needs of students looking for reliable accommodations. Luxury market Positioning this property in the luxury market is not advisable, as its condition and neighborhood ratings do not align with the quality typically expected in higher-end living spaces. Furthermore, the current valuation indicates it is best suited for more budget-conscious buyers rather than affluent individuals seeking luxury investments.
Potential Tenant Turnover The economic and tenant stability scores of 55/100 indicate a moderate risk of tenant turnover, which can lead to increased vacancy rates and higher costs associated with finding new tenants.
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