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 penthouse of 170 m² on the 2nd floor, built in 2009, energy rating E. Located Conceição e Cabanas de Tavira parish, Tavira municipality, Faro district. Noteworthy Features: The property boasts a luxurious private rooftop terrace equipped with a jacuzzi, pergola, and artificial grass, enhancing outdoor leisure and relaxation while offering stunning panoramic sea views.
The valuation. The asking price of €395,000 is €64,810 (14.1%) below the fair value of €459,810. This property is subpriced, presenting an excellent opportunity for investors seeking value.
Fair value modelled at €459,810 from 6 comparable sales in the area. Asking €395,000 sits €64,810 (14.1%) below — the upside to fair value.
Asking €395,000 versus the Conceição e Cabanas de Tavira, Tavira, Faro area baseline of €357,581 (€2,103/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €357,581, adjusted for condition and micro-location, gives a modelled fair value of €459,810 (€2,705/m²), a €64,810 (14.1%) gap versus the €395,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Conceição e Cabanas de Tavira · 0acae1 | Subject | €395,000 | €2,324 | — | 70 | 60 |
| Tavira (Santa Maria e Santiago) · ba5a70 | Active | €330,000 | €2,519 | 8.4% | 72 | 63 |
| Conceição e Cabanas de Tavira · dee408 | Active | €360,000 | €3,462 | 49.0% | 72 | 57 |
| Tavira (Santa Maria e Santiago) · 76b1ba | Active | €455,000 | €2,542 | 9.4% | 70 | 66 |
| Conceição e Cabanas de Tavira · ec1997 | Active | €335,000 | €2,724 | 17.2% | 76 | 68 |
| Median comp | €347,500 | €2,633 | 13.3% | 72 | 65 |
Long-term rental The 2-bed penthouse in Tavira, listed at €395,000, presents an attractive opportunity for long-term rental given its fair value of €459,810, indicating it is underpriced by 14.1%. With a gross yield of 3.8% and a reasonable condition score of 76/100, the property is poised to attract stable tenant demand in this desirable Algarve location. Short-term vacation rental Given the significant tourism influence of the Algarve, this penthouse is well-positioned for short-term vacation rental, with its fair value being substantially higher than the listing price. The property’s layout and size are conducive to attracting guests, especially during peak tourist seasons, enhancing its income potential despite the local market's seasonal employment challenges. Buy-and-hold Investing in this penthouse as a buy-and-hold strategy appears compelling due to its current listing below its fair market value of €459,810, assuring a potential capital appreciation of 14.1%. The 3.8% gross yield coupled with a stable neighborhood rating of 60/100 suggest that this property can offer both immediate income and long-term value growth in the evolving Algarve market.
Economic vulnerability The economic stability score of 50/100 indicates a significant risk of economic fluctuations that could impact rental income and property value negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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