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, 1-bathroom apartment of 54 m², energy rating D. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features a sunroom in the kitchen, offering potential for additional storage or a laundry area, enhancing the functional living space.
The valuation. The asking price of €245,000 exceeds the fair value of €182,112 by €62,888, or 25.7%. This property is overpriced, reflecting a significant gap between market expectations and actual value.
Fair value modelled at €182,112 from the area baseline, adjusted for condition and location. Asking €245,000 sits €62,888 (25.7%) above — overpriced versus fair value.
Asking €245,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €211,950 (€3,925/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 45/100 (Condition 40 · Materials 50 · Room dimensions 50). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
São Gonçalo de Lagos, Lagos, Faro
Area baseline €211,950 + condition -€25,313 + location +€18,857 = modelled fair value of €182,112 (€3,372/m²), a €62,888 (25.7%) gap versus the €245,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 38a2ba | Subject | €245,000 | €4,537 | — | 40 | 75 |
| São Gonçalo de Lagos · 6d552c | Active | €340,000 | €6,800 | 49.9% | 60 | 73 |
| travessa da Cerca do Cemitério, 5 | Active | €205,000 | €4,362 | 3.9% | 55 | 73 |
| rua Brigadeiro Costa Franco, 3 | Active | €375,000 | €3,676 | 19.0% | 70 | 67 |
| São Gonçalo de Lagos · 3897ce | Active | €260,000 | €5,000 | 10.2% | — | 75 |
| Median comp | €300,000 | €4,681 | 3.2% | 60 | 73 |
Short-term vacation rental The current listing price of €245,000 is 25.7% above the fair value of €182,112, indicating a steep premium for a market where yield potential is only 4.2% gross. Given the property’s condition rating of 45/100, it is unlikely to attract enough vacation renters to justify its inflated price. Buy-and-hold Investing in this property at €245,000 would yield a gross return of only 4.2%, while its fair value suggests a more sustainable investment should be around €182,112. With the current pricing being overpriced and not compensating for the less favorable condition, long-term appreciation could be hindered. Family rental With a price of €245,000, this property does not align with the assessed fair value of €182,112, representing a significant overvaluation in a family rental market that demands quality living conditions. The low condition rating of 45/100 may deter families seeking suitable housing and further complicate the investment potential. Not ideal for: Student housing, Luxury market, Industrial development
Economic Sensitivity The economic stability score of 65/100 indicates a moderate risk of fluctuations in local economic conditions potentially affecting property values and rental income.**
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