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.
1-bedroom, 1-bathroom apartment of 53 m², built in 2002, energy rating D. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This apartment boasts direct terrace access from both the living area and bedroom, enhancing its connection to the serene outdoor spaces within the grounds of Condomínio do Mar.
The valuation. The asking price of €335,000 is significantly above the fair value of €201,952, representing an overvaluation of €133,048 (39.7%). This high asking price suggests limited room for negotiation. Buy-to-flip angle. Given the current market dynamics, a buy-to-flip strategy is questionable as the property is overpriced. Expected resale profit may not justify the investment. Buy-to-let angle. The intended buy-to-let strategy faces challenges due to the gross yield of 0% and the considerable upfront cost. Short-term vacation rentals could benefit from the location, but seasonal fluctuations may affect income viability.
Fair value modelled at €201,952 from the area baseline, adjusted for condition and location. Asking €335,000 sits €133,048 (39.7%) above — overpriced versus fair value.
Asking €335,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €185,076 (€3,492/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 (Condition 75 · Materials 80 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
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.
São Gonçalo de Lagos, Lagos, Faro
Area baseline €185,076 + condition +€2,070 + location +€14,806 = modelled fair value of €201,952 (€3,810/m²), a €133,048 (39.7%) gap versus the €335,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 6d54ed | Subject | €335,000 | €6,321 | — | 75 | 70 |
| São Gonçalo de Lagos · 956963 | Active | €380,000 | €4,750 | 24.9% | 76 | 80 |
| São Gonçalo de Lagos · 9569fb | Active | €350,000 | €4,217 | 33.3% | 76 | 78 |
| Luz · f35f5f | Active | €465,000 | €5,813 | 8.0% | 72 | 76 |
| rua Doutor Francisco Sá Carneiro, 4 | Active | €360,000 | €5,000 | 20.9% | 78 | 74 |
| Median comp | €370,000 | €4,875 | 22.9% | 76 | 77 |
Short-term vacation rental Given its proximity to popular tourist areas in the Algarve, this property may seem appealing for short-term vacation rentals; however, the listing price of €335,000 significantly exceeds its fair value of €201,952, resulting in a 39.7% gap. The current yield of 0% gross further indicates that investment returns may not justify the high asking price, making this strategy unfeasible. Buy-and-hold Investing in a buy-and-hold strategy for this 1-bed apartment is challenged by its significant overvaluation, as the asking price is 39.7% above the calculated fair value. With minimal prospects for appreciation given the current market conditions, the return on investment is likely to be insufficient to justify the commitment. Family rental While this property might attract families due to its size and decent condition, the steep asking price of €335,000 implies it is overpriced by 39.7% relative to its fair value. Consequently, the lack of a rental yield and the potential economic factors affecting tenant quality makes it a less attractive option for long-term family rentals.
Economic Vulnerability The economic stability score of 65 indicates potential fluctuations in the market that could impact rental income and property value over time.
