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 50 m². Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features a private balcony providing outdoor space, and it includes easy access to vibrant local amenities while being nestled within a peaceful residential neighborhood.
The valuation. The asking price of €340,000 sits significantly above the fair value of €176,366, resulting in an overpricing of €163,634 (48.1%). Investors should be cautious regarding the inflated valuation.
Fair value modelled at €176,366 from the area baseline, adjusted for condition and location. Asking €340,000 sits €163,634 (48.1%) above — overpriced versus fair value.
Asking €340,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €174,600 (€3,492/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 57/100 (Condition 60 · Materials 55 · Room dimensions 60). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
São Gonçalo de Lagos, Lagos, Faro
Area baseline €174,600 + condition -€14,297 + location +€16,063 = modelled fair value of €176,366 (€3,527/m²), a €163,634 (48.1%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 6d552c | Subject | €340,000 | €6,800 | — | 60 | 73 |
| São Gonçalo de Lagos · dee532 | Active | €245,000 | €4,537 | 33.3% | 45 | 70 |
| São Gonçalo de Lagos · 389d37 | Active | €290,000 | €5,273 | 22.5% | 68 | 66 |
| São Gonçalo de Lagos · 3897ce | Active | €260,000 | €5,000 | 26.5% | — | 75 |
| São Gonçalo de Lagos · 937180 | Active | €652,000 | €5,927 | 12.8% | — | 73 |
| Median comp | €275,000 | €5,137 | 24.5% | 57 | 72 |
Short-term vacation rental The 2-bed apartment in São Gonçalo de Lagos, listed at €340,000, is overpriced given the fair value of €176,366, resulting in a significant 48.1% gap. With a gross yield of 2.6%, this investment may struggle to attract seasonal vacation rental tenants in a competitive market. Buy-and-hold At a listing price of €340,000, the apartment is overpriced compared to its fair value estimate, indicating a long-term investment could yield diminished returns. The current condition rating of 57/100 further suggests that ongoing maintenance costs may erode potential profit margins. Family rental The property is priced at €340,000, which is considerably above its fair value of €176,366, making it an expensive option for family rentals in the area. Given the neighbourhood's score of 73/100, families might seek more competitively priced housing alternatives, affecting occupancy rates and rental income.
Economic Vulnerability The economic stability score of 65/100 indicates that the property is at risk from potential downturns in the local economy, which could lead to decreased rental demand and lower tenant retention rates.
