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 112 m², energy rating B. Located on rua Jacinto Correia, 4, Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. This apartment features a dedicated storage room and a parking space, enhancing both convenience and functionality for residents, making it ideal for modern urban living.
The valuation. The asking price of €455,000 sits significantly above the fair value of €135,778, with a staggering discrepancy of €319,222 (70.2%). This valuation indicates that the property is overpriced and may not provide a sound investment opportunity.
Fair value modelled at €135,778 from the area baseline, adjusted for condition and location. Asking €455,000 sits €319,222 (70.2%) above — overpriced versus fair value.
Asking €455,000 versus the rua Jacinto Correia, 4 area baseline of €320,544 (€2,862/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 (Condition 80 · Materials 85 · Room dimensions 80). 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.
rua Jacinto Correia, 4
Area baseline €320,544 + condition +€13,125 + location +€9,085 = modelled fair value of €135,778 (€1,212/m²), a €319,222 (70.2%) gap versus the €455,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Jacinto Correia, 4 | Subject | €455,000 | €4,063 | — | 80 | 70 |
| rua do Pestana Golf Resort, 226 | Active | €435,000 | €7,373 | 81.5% | 75 | 65 |
| rua do Pestana Golf Resort, 226 | Active | €435,000 | €7,373 | 81.5% | 75 | 63 |
| Lagoa e Carvoeiro · 90d7a1 | Active | €435,000 | €3,063 | 24.6% | 75 | 74 |
| rua Carlos Alberto Correia Ribeiro, 20 | Active | €390,000 | €2,516 | 38.1% | 78 | 73 |
| Median comp | €435,000 | €5,218 | 28.4% | 75 | 69 |
Short-term vacation rental The current listing price of €455,000 significantly exceeds the fair value of €135,778, suggesting that the potential rental income of 2.4% gross may not adequately cover the high initial investment. With such a considerable pricing gap, this property is not ideal for short-term vacation rental strategies. Buy-and-hold Investing in this apartment at €455,000, when the fair value is only €135,778, presents a challenge for long-term appreciation given the existing gap of 70.2%. This property is not positioned well for buy-and-hold investment, as the return does not justify the high purchase cost. Value-add renovation Although a value-add renovation could enhance the property's appeal, the current pricing of €455,000 remains drastically above the fair value of €135,778, creating a significant investment risk. Renovations may improve the property condition, but they are unlikely to bridge the considerable valuation gap, rendering this strategy ineffective in a market where the entry point is overpriced.
Economic Fluctuation Risk With an economic stability score of 65/100, there's a heightened risk of market volatility that could threaten rental income and property value stability.
