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 101 m², built in 2000, energy rating C. Located on estrada da Meia Praia, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This apartment boasts two spacious balconies with views that enhance outdoor living and enjoyment of the sunny Algarve climate, alongside a private garage for added convenience.
The valuation. The asking price of €470,000 is significantly above the fair value of €379,544, representing an overpriced situation by €90,456 (19.2%). This discrepancy highlights a misalignment with current market conditions.
Fair value modelled at €379,544 from the area baseline, adjusted for condition and location. Asking €470,000 sits €90,456 (19.2%) above — overpriced versus fair value.
Asking €470,000 versus the estrada da Meia Praia area baseline of €386,426 (€3,826/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 75 · Materials 81 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 64/100 (Housing Market 75 · Amenities 60 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
estrada da Meia Praia
Area baseline €386,426 + condition +€7,102 + location +€19,751 = modelled fair value of €379,544 (€3,758/m²), a €90,456 (19.2%) gap versus the €470,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada da Meia Praia | Subject | €470,000 | €4,653 | — | 75 | 64 |
| São Gonçalo de Lagos · 82c6ce | Active | €380,000 | €3,689 | 20.7% | 75 | 72 |
| rua Frei António da Purificação | Active | €369,000 | €3,968 | 14.7% | 75 | 77 |
| São Gonçalo de Lagos · ba3ebe | Active | €520,000 | €3,514 | 24.5% | 73 | 71 |
| São Gonçalo de Lagos · 6fb8e4 | Active | €580,000 | €3,240 | 30.4% | 80 | 75 |
| Median comp | €450,000 | €3,602 | 22.6% | 75 | 74 |
Short-term vacation rental This property’s listing price of €470,000 is notably above the fair value of €379,544, making it overpriced for a short-term vacation rental investment. With a gross yield of only 4.2%, potential returns may not justify the elevated purchase price, particularly in a competitive tourism market. Long-term rental At €470,000, the apartment presents a 19.2% gap from its fair value, indicating that it is overpriced for a long-term rental strategy. The low neighbourhood score of 64/100 suggests that tenant demand may not be sufficient to cover the investment risk at this price point. Buy-and-hold Investing in this property at €470,000, significantly higher than the fair value, makes it a poor choice for a buy-and-hold strategy. The gross yield of 4.2% does not provide enough incentive to hold onto an asset that is overpriced and may not appreciate at the rate needed to match the initial investment.
Economic downturn risk A low economic stability score of 55/100 indicates potential vulnerability to economic downturns, which may negatively impact tenant retention and rental income.
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