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, 1-bathroom house of 60 m², built in 1951. Located on rua Joaquim Victor Correia Valarinho, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: Situated in a culturally rich area, this property offers potential for a two-story expansion, aligning with the current urban development plan in Santo Amaro.
The valuation. The asking price of €190,000 is above the fair value of €181,083 by €8,917 (4.7%). This indicates the property is overpriced in its current market position.
Fair value modelled at €181,083 from the area baseline, adjusted for condition and location. Asking €190,000 sits €8,917 (4.7%) above — overpriced versus fair value.
Asking €190,000 versus the rua Joaquim Victor Correia Valarinho area baseline of €234,300 (€3,905/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 25/100 (Condition 18 · Materials 22 · Room dimensions 35). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Joaquim Victor Correia Valarinho
Area baseline €234,300 + condition -€46,875 + location +€18,438 = modelled fair value of €181,083 (€3,018/m²), a €8,917 (4.7%) gap versus the €190,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Joaquim Victor Correia Valarinho | Subject | €190,000 | €3,167 | — | 18 | 72 |
| São Gonçalo de Lagos · bf284d | Active | €1,000,000 | €1,600 | 49.5% | 28 | 72 |
| São Gonçalo de Lagos · 735560 | Active | €1,000,000 | €1,600 | 49.5% | 12 | 70 |
| São Gonçalo de Lagos · de0c03 | Active | €1,000,000 | €1,600 | 49.5% | — | 64 |
| São Gonçalo de Lagos · 4bc1de | Active | €395,000 | €1,899 | 40.0% | 60 | 70 |
| Median comp | €1,000,000 | €1,600 | 49.5% | 28 | 70 |
Short-term vacation rental The property’s proximity to beaches may support demand for short-term rentals, but its current pricing at €190,000 is a 4.7% premium over the fair value of €181,083, indicating it is overpriced. Additionally, with a low condition score of 25/100, it may struggle to attract tourists seeking appealing accommodations. Long-term rental While the gross yield of 5.2% could present a reasonable return for long-term rentals, the property's listing price of €190,000 is still above the fair value, categorizing it as overpriced. Furthermore, the seasonal economy of Lagos might affect tenant stability and rental demand over the year. Buy-and-hold Investing in this property as a buy-and-hold strategy could prove to be problematic due to its overpriced valuation at €190,000 compared to a fair value of €181,083, which creates an unfavorable entry point. Additionally, its low condition score of 25/100 may lead to increased renovation costs, hindering overall investment returns.
Tenant instability risk With a tenant stability score of 70/100, there is a moderate risk of tenant turnover that could impact rental income consistency.
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