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 103 m², built in 2002, energy rating C. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Location: This apartment features proximity to both the serene Meia Praia beach and vibrant local amenities, ensuring a balanced lifestyle between relaxation and convenience.
The valuation. The asking price of €380,000 is €15,190 (4.0%) below the fair value of €395,190, positioning this property as a rare opportunity for investors. Buy-to-flip angle. With high-quality finishes evident, the resale strategy hinges on minor renovations and staging to attract buyers, capitalizing on the coastal allure. Buy-to-let angle. The potential for a short-term vacation rental strategy can leverage this property's appeal in the Algarve region, despite the current gross yield of 0% as renovations may boost rental income.
Fair value modelled at €395,190 from the area baseline, adjusted for condition and location. Asking €380,000 sits €15,190 (4.0%) below — the upside to fair value.
Asking €380,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €404,275 (€3,925/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 75 · Materials 80 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 72/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
São Gonçalo de Lagos, Lagos, Faro
Area baseline €404,275 + condition +€3,863 + location +€31,651 = modelled fair value of €395,190 (€3,837/m²), a €15,190 (4.0%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 82c6ce | Subject | €380,000 | €3,689 | — | 75 | 72 |
| São Gonçalo de Lagos · 937423 | Active | €350,000 | €4,545 | 23.2% | 72 | 70 |
| estrada da Meia Praia | Active | €470,000 | €4,653 | 26.1% | 75 | 64 |
| Odiáxere · 82c796 | Active | €299,950 | €4,411 | 19.6% | 75 | 75 |
| São Gonçalo de Lagos · 4a7cc2 | Active | €345,000 | €4,313 | 16.9% | 75 | 72 |
| Median comp | €347,500 | €4,478 | 21.4% | 75 | 71 |
Short-term vacation rental\nThis 2-bed apartment in São Gonçalo de Lagos presents a unique opportunity in the Algarve coastal region, which is a hotspot for tourists. Despite the current yield of 0%, the property is subvalued at €380,000, equating to 4.0% below the fair value of €395,190, making it an attractive short-term rental investment opportunity.\n\nBuy-and-hold\nWith a decent condition rating of 77/100 and a fair value gap of 4.0%, this property is a solid buy-and-hold investment in a neighborhood rated 72/100, supporting long-term growth potential. Investors can leverage the appealing location to ensure consistent rental demand over time, despite a current yield of 0%.\n\nValue-add renovation\nPurchasing this apartment allows for value-add renovations which can enhance the overall appeal and potentially increase market value beyond the current fair value of €395,190. The 77/100 condition rating suggests there is room for improvement, allowing an investor to capitalize on rising property values in the desirable Algarve region.
Tenant turnover risk Annual tenant turnover could be higher than average due to a tenant stability score of 70/100, potentially impacting rental income consistency and operational costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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