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 99 m² on the 3rd floor, built in 2008, energy rating B. Located Luz de Tavira e Santo Estévão parish, Tavira municipality, Faro district. This apartment includes a private attic space that offers additional storage or potential for transformation into a study or extra living area, enhancing its versatility.
The valuation. The asking price of €292,927 is significantly below the fair value of €380,625, making this property subvalorizada by €87,698 (23.0%). This offers a compelling opportunity for savvy investors to capitalize on immediate equity.
Fair value modelled at €380,625 from 6 comparable sales in the area. Asking €292,927 sits €87,698 (23.0%) below — the upside to fair value.
Asking €292,927 versus the Luz de Tavira e Santo Estévão, Tavira, Faro area baseline of €303,875 (€3,069/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €303,875, adjusted for condition and micro-location, gives a modelled fair value of €380,625 (€3,845/m²), a €87,698 (23.0%) gap versus the €292,927 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Luz de Tavira e Santo Estévão · 2fcc89 | Subject | €292,927 | €2,959 | — | 70 | 57 |
| Santa Luzia · 82c6bf | Active | €650,000 | €4,924 | 66.4% | — | 65 |
| rua Joaquim Soares, 50 | Active | €250,000 | €4,167 | 40.8% | 60 | 63 |
| Luz de Tavira e Santo Estévão · 627449 | Active | €330,000 | €2,661 | 10.1% | 73 | 58 |
| Santa Luzia · b327a3 | Active | €295,000 | €4,538 | 53.4% | 70 | 62 |
| Median comp | €312,500 | €4,353 | 47.1% | 70 | 63 |
Short-term vacation rental This property presents an attractive opportunity as a short-term vacation rental, given its fair value that exceeds the listing price by 23.0%. With a gross yield of 5.2%, it promises solid returns in a tourism-driven region like the Algarve. Buy-and-hold Investors can consider this apartment for a buy-and-hold strategy, as it is currently listed at €292,927, which is substantially lower than its fair value of €380,625. The demand for housing in the Algarve suggests a potential for appreciation, making it a reliable long-term investment. Family rental This 2-bed apartment is well-suited for family rentals, especially with its favorable price relative to market fair value. The apartment is positioned within a moderate neighborhood, making it a viable option for families seeking a home in a tourist-friendly area while enjoying a reasonable gross yield of 5.2%.
Economic Decline Risk With an economic stability score of 50/100, there is a significant risk of declining property values and reduced demand affecting long-term investment returns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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