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 179 m² on the 3rd floor, built in 2005, energy rating C. Located Tavira (Santa Maria e Santiago) parish, Tavira municipality, Faro district. Noteworthy Features: The apartment boasts an extraordinary private terrace of 36 m² with a barbecue and stunning views of the sea and Ria Formosa, enhancing outdoor living opportunities.
The valuation. The asking price of €455,000 sits slightly above fair value at €447,792, indicating a premium of €7,208 (1.6%). This positioning suggests the property is fairly valued within the market context. Buy-to-flip angle. A potential resale strategy could involve cosmetic upgrades to enhance appeal, ideally selling above the current asking price due to the property’s location in the tourist-favored Algarve region. Buy-to-let angle. The property can serve as a long-term rental, benefiting from Tavira's attractiveness to tourists and families, although current gross yield is 0%, suggesting that rental income prospects may require further evaluation.
Fair value modelled at €447,792 from 6 comparable sales in the area. Asking €455,000 sits €7,208 (1.6%) above — overpriced versus fair value.
Asking €455,000 versus the Tavira (Santa Maria e Santiago), Tavira, Faro area baseline of €327,957 (€1,832/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €327,957, adjusted for condition and micro-location, gives a modelled fair value of €447,792 (€2,502/m²), a €7,208 (1.6%) gap versus the €455,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Tavira (Santa Maria e Santiago) · 76b1ba | Subject | €455,000 | €2,542 | — | 70 | 66 |
| rua Pedro Leonardo Mergoux | Active | €350,000 | €2,023 | 20.4% | 70 | 64 |
| rua Julieta Sancho, 2 | Active | €299,000 | €2,392 | 5.9% | 72 | 60 |
| Tavira (Santa Maria e Santiago) · 483c83 | Active | €480,000 | €3,453 | 35.9% | 82 | 58 |
| rua Francisco de Sá Carneiro | Active | €390,000 | €2,393 | 5.9% | 68 | 60 |
| Median comp | €370,000 | €2,393 | 5.9% | 71 | 60 |
Long-term rental The 3-bed apartment in Tavira is set at €455,000, which represents a marginal 1.6% gap from its fair value of €447,792. While the property is fairly priced, its 0% gross yield suggests that it may not provide attractive returns for long-term rental investments. Short-term vacation rental Despite Tavira's popularity as a tourist destination, this apartment's current pricing at €455,000, aligning closely with a fair value of €447,792, suggests limited upside potential. Additionally, the 0% gross yield indicates that short-term vacation rental may not yield desirable financial benefits in this instance. Family rental The family's rental market potential for this 3-bed apartment in Tavira is tempered by its fair pricing of €455,000 in relation to the fair value of €447,792. This, combined with a low gross yield of 0%, indicates the property may not be the best choice for families seeking rental opportunities in this locale.
Economic Risk The economic stability score of 65/100 indicates potential volatility, which could 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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