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 187 m² on the 2nd floor, built in 2020, energy rating A. Located on rua Ilha da Abóbora, Conceição e Cabanas de Tavira parish, Tavira municipality, Faro district. Noteworthy Features: The apartment's private terrace includes a built-in barbecue, ideal for outdoor entertaining with pleasing sea views, enhancing the spacious livability in the Algarve sunshine.
The valuation. The asking price of €620,000 sits €113,040 (15.4%) below the fair value of €733,040, indicating the property is subvalued in the current market. This presents an attractive opportunity for prospective buyers aiming to capitalize on the local real estate landscape.
Fair value modelled at €733,040 from 6 comparable sales in the area. Asking €620,000 sits €113,040 (15.4%) below — the upside to fair value.
Asking €620,000 versus the rua Ilha da Abóbora area baseline of €579,781 (€3,100/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 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 €579,781, adjusted for condition and micro-location, gives a modelled fair value of €733,040 (€3,920/m²), a €113,040 (15.4%) gap versus the €620,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ilha da Abóbora | Subject | €620,000 | €3,316 | — | 80 | 64 |
| Tavira (Santa Maria e Santiago) · 38b19e | Active | €360,000 | €4,000 | 20.6% | 73 | 63 |
| Conceição e Cabanas de Tavira · 4d42b3 | Active | €480,000 | €3,840 | 15.8% | 76 | 65 |
| Conceição e Cabanas de Tavira · f3634a | Active | €475,000 | €2,914 | 12.1% | 85 | 54 |
| rua Brigadeiro António Pedro de Brito | Active | €390,000 | €3,145 | 5.1% | 74 | 65 |
| Median comp | €432,500 | €3,493 | 5.3% | 75 | 64 |
Short-term vacation rental The property is ideally situated in Algarve, a region benefiting from substantial tourist traffic which can drive up short-term rental demand. With a gap of 15.4% compared to fair value, this property presents a compelling opportunity for investment in the vacation rental market. Long-term rental The solid condition rating of 83/100 suggests that the apartment is likely to attract quality tenants seeking long-term accommodation in the highly desirable Tavira area. Given the 15.4% gap versus fair value, investing in this property for long-term rental could yield favorable returns as the local economy flourishes with tourism. Buy-and-hold With a fair value significantly higher than the listing price, acquiring this apartment holds potential for appreciating value over time, especially in a tourism-driven location. Despite currently offering a 0% yield, the overall market dynamics in Algarve suggest that holding this property long-term is likely to yield capital gains as the area continues to develop. Not ideal for student housing The property is in a location that attracts tourists rather than students, and the current neighborhood conditions may not support consistent demand from the student market. Given the ratings, it is more suited for other types of tenants. Not ideal for luxury market The property does not fit the luxury market criteria, given the overall neighborhood rating of 64/100, which may deter affluent renters or buyers. The appeal of this apartment lies more in its vacation and long-term rental potential rather than targeting luxury clientele.
Tenant turnover risk: With a tenant stability score of 55/100, there is a significant risk of high tenant turnover, leading to frequent vacancies and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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