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, 2-bathroom apartment of 155 m², built in 1997, energy rating D. Located on rua Carlos Alberto Correia Ribeiro, 20, Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. Noteworthy Features: The apartment boasts a dedicated storage room and built-in wardrobes, optimizing space and ensuring a clutter-free living environment in the heart of Lagoa. Energy Rating: D
The valuation. The asking price of €390,000 is significantly above fair value, exceeding it by €205,534 or 52.7%. As such, the property is considered overpriced.
Fair value modelled at €184,466 from the area baseline, adjusted for condition and location. Asking €390,000 sits €205,534 (52.7%) above — overpriced versus fair value.
Asking €390,000 versus the rua Carlos Alberto Correia Ribeiro, 20 area baseline of €443,610 (€2,862/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 78 · Materials 85 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 78 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua Carlos Alberto Correia Ribeiro, 20
Area baseline €443,610 + condition +€12,836 + location +€14,460 = modelled fair value of €184,466 (€1,190/m²), a €205,534 (52.7%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Carlos Alberto Correia Ribeiro, 20 | Subject | €390,000 | €2,516 | — | 78 | 73 |
| rua do Pestana Golf Resort, 226 | Active | €435,000 | €7,373 | 193.0% | 75 | 65 |
| Lagoa e Carvoeiro · 90d7a1 | Active | €435,000 | €3,063 | 21.7% | 75 | 74 |
| rua do Pestana Golf Resort, 226 | Active | €435,000 | €7,373 | 193.0% | 75 | 63 |
| rua das Olarias | Active | €255,000 | €3,000 | 19.2% | 63 | 79 |
| Median comp | €435,000 | €5,218 | 107.4% | 75 | 70 |
Short-term vacation rental The property is overpriced at €390,000 with a substantial gap of 52.7% from its fair value of €184,466, making it a less attractive investment for short-term rentals in an area impacted by seasonal tourism variations. With a yield of only 3.9% gross, the potential return does not justify the high purchase price. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable, considering the significant 52.7% overvaluation compared to its fair value of €184,466. The low gross yield of 3.9% coupled with seasonal economic fluctuations in the Algarve region further undermine the investment potential of this strategic approach. Family rental While Lagoa offers a decent neighborhood rating of 73/100, the property’s listing price of €390,000 reflects an alarming 52.7% overvaluation relative to its fair value of €184,466. This significant premium complicates the feasibility of achieving favorable returns in the family rental market, which is influenced by the area's economic conditions and seasonal demand. Not ideal for: Student housing, Luxury market The property is overpriced and, as such, does not align with the expected returns needed for both student housing and the luxury market. Additionally, the high listing price exceeds the economic capacity of potential tenants in these segments, diminishing attractiveness significantly.
Economic Vulnerability The economic stability score of 65/100 indicates a potential risk of market fluctuations that could affect rental income.
