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 apartment of 133 m² on the 2nd floor. Located Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: The apartment boasts expansive outdoor terraces accessible directly from the living areas, ideal for entertaining while enjoying uninterrupted views of the salt pans and ocean. Condition Notes: The property shows minimal wear, indicating excellent upkeep and a modern design aesthetic throughout.
The valuation. The asking price of €670,000 is significantly above the fair value of €519,750, indicating an overpricing of €150,250 (28.9%). This discrepancy suggests potential challenges in securing a favorable return on investment.
Fair value modelled at €519,750 from 6 comparable sales in the area. Asking €670,000 sits €150,250 (28.9%) above — overpriced versus fair value.
Asking €670,000 versus the Tavira (Santa Maria e Santiago), Tavira, Faro area baseline of €396,494 (€2,981/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 €396,494, adjusted for condition and micro-location, gives a modelled fair value of €519,750 (€3,908/m²), a €150,250 (28.9%) gap versus the €670,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Tavira (Santa Maria e Santiago) · 097020 | Subject | €670,000 | €5,038 | — | 80 | 67 |
| travessa Ingmar Bergman | Active | €650,000 | €3,368 | 33.1% | 80 | 64 |
| rua Engenheiro Técnico Agrário José Francisco Massapina Junior, 7 | Active | €490,000 | €3,798 | 24.6% | 75 | 57 |
| Tavira (Santa Maria e Santiago) · ee88f1 | Active | €620,000 | €3,351 | 33.5% | 73 | 61 |
| Tavira (Santa Maria e Santiago) · a8ed8c | Active | €573,000 | €4,940 | 1.9% | 74 | 57 |
| Median comp | €596,500 | €3,583 | 28.9% | 75 | 59 |
Short-term vacation rental The 3-bed apartment in Tavira is not a suitable candidate for short-term vacation rentals due to its current overpriced status, with a 28.9% gap to fair value. Additionally, its zero gross yield indicates an unproductive asset that may deter potential investors seeking immediate returns in a tourism-centric market. Buy-and-hold Investing in this property for a buy-and-hold strategy is unwise, as it is priced at €670,000 compared to a fair value of €519,750, presenting a significant risk. The combination of high pricing and a suboptimal yield of 0% further diminishes the long-term investment potential for this asset. Long-term rental Acquiring this apartment for long-term rental purposes is not advisable, given the significant 28.9% gap from fair value and the absence of rental yield. The neighborhood's rating of 67/100 suggests average tenant quality, which does not justify the inflated asking price in the current market climate.
Economic Vulnerability Both the Economic Stability score of 58/100 and the Tenant Stability score of 67/100 indicate potential vulnerability to economic downturns that could affect 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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