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 108 m², built in 1996, energy rating C. Located on praça do Poder, 7A, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy features: This apartment boasts a private balcony with panoramic views, ideal for outdoor relaxation and entertaining in the heart of São Gonçalo de Lagos.
The valuation. The asking price of €350,000 is positioned below the fair value of €402,582, representing a discount of €52,582 (15.0%). This indicates that the property is currently underpriced.
Fair value modelled at €402,582 from the area baseline, adjusted for condition and location. Asking €350,000 sits €52,582 (15.0%) below — the upside to fair value.
Asking €350,000 versus the praça do Poder, 7A area baseline of €377,136 (€3,492/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 72/100 (Condition 75 · Materials 70 · Room dimensions 72). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
praça do Poder, 7A
Area baseline €377,136 + condition -€4,725 + location +€30,171 = modelled fair value of €402,582 (€3,728/m²), a €52,582 (15.0%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| praça do Poder, 7A | Subject | €350,000 | €3,241 | — | 75 | 70 |
| São Gonçalo de Lagos · 0902e1 | Active | €389,000 | €3,242 | 0% | 68 | 71 |
| São Gonçalo de Lagos · 6d5147 | Active | €372,000 | €3,179 | 1.9% | 72 | 73 |
| rua Professor Doutor Mota Pinto | Active | €540,000 | €3,140 | 3.1% | 80 | 78 |
| parque do Moínho | Active | €345,000 | €2,379 | 26.6% | 70 | 75 |
| Median comp | €380,500 | €3,160 | 2.5% | 71 | 74 |
Short-term vacation rental This property in São Gonçalo de Lagos, with a fair value exceeding its listing price by 15.0%, presents a promising opportunity for short-term rentals, especially given the region's robust tourism appeal. The gross yield of 5.1% further enhances its attractiveness, suggesting strong potential for consistent rental income. Long-term rental Despite a condition score of 72/100, the property’s valuation being 15.0% below fair value positions it well for long-term rentals in an area where housing demand remains bolstered by tourism. The combined yield of 5.1% implies that this investment could generate steady revenue over time, making it a sound choice for long-term leasing. Buy-and-hold With the property listed at €350,000, 15.0% below its fair value, this makes for a strategic buy-and-hold investment, especially in the thriving Algarve market. As tourism continues to drive local real estate dynamics, holding this asset is likely to yield appreciation and stability in rental income over the long run.
Economic Vulnerability The economic stability score of 65 indicates potential fluctuations that could affect rental income and property value; a score below 70 suggests a heightened risk of economic downturns.
