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, 2-bathroom apartment of 123 m² on the 1st floor, built in 2000, energy rating C. Located on avenida Zeca Afonso, Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: The apartment includes a closed balcony converted into a functional laundry room, enhancing utility while the spacious living room opens directly onto a balcony for outdoor enjoyment.
The valuation. The asking price of €350,000 sits slightly above the fair value of €339,310, indicating a difference of €10,690 (3.2%). The property can be considered valued fairly given the current market conditions.
Fair value modelled at €339,310 from 5 comparable sales in the area. Asking €350,000 sits €10,690 (3.2%) above — overpriced versus fair value.
Asking €350,000 versus the avenida Zeca Afonso area baseline of €266,256 (€2,165/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €266,256, adjusted for condition and micro-location, gives a modelled fair value of €339,310 (€2,759/m²), a €10,690 (3.2%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida Zeca Afonso | Subject | €350,000 | €2,846 | — | 68 | 64 |
| rua Doutor Silvestre Falcão | Active | €320,000 | €2,759 | 3.1% | 65 | 58 |
| rua Luís de Camões, 2 | Active | €345,000 | €2,654 | 6.7% | 74 | 65 |
| via do Infante | Active | €289,000 | €2,726 | 4.2% | 70 | 63 |
| rua Doutor Silvestre Falcão | Active | €320,000 | €2,759 | 3.1% | 70 | 71 |
| Median comp | €320,000 | €2,743 | 3.6% | 70 | 64 |
Long-term rental The property offers a gross yield of 4.7%, suggesting a reasonable return for long-term tenants in a market influenced by Algarve's allure. However, the fair value is only slightly lower than the listing price, indicating limited potential for price appreciation. Short-term vacation rental With Tavira's proximity to tourist hotspots, the property could perform adequately as a short-term vacation rental, although this will depend heavily on the condition rating of 70/100. The fair valuation suggests the current price does not pose a significant risk, yet it does not provide an attractive opportunity compared to other listings. Buy-and-hold Investing in the property for a buy-and-hold strategy could yield steady cash flow due to the area's tourist appeal and the 4.7% gross yield. However, as the property is priced fairly against its fair value, future capital gains may be limited in this competitive market.
Economic Vulnerability The economic stability score of 50/100 suggests a significant risk due to potential fluctuations in the local economy, which may impact rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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