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 70 m², built in 1986, energy rating C. Located on rua Professor Joaquim Alberto Taquelim, 9, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This apartment's active Local Accommodation license not only enhances its investment potential but also ensures it can generate a solid annual income of €30,000, making it a lucrative opportunity.
The valuation. The asking price of €350,000 is significantly above the fair value of €270,879, representing an excessive premium of €79,121 (22.6%). This valuation indicates that the property is overpriced.
Fair value modelled at €270,879 from the area baseline, adjusted for condition and location. Asking €350,000 sits €79,121 (22.6%) above — overpriced versus fair value.
Asking €350,000 versus the rua Professor Joaquim Alberto Taquelim, 9 area baseline of €244,440 (€3,492/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 (Condition 78 · Materials 82 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 71/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Professor Joaquim Alberto Taquelim, 9
Area baseline €244,440 + condition +€5,906 + location +€20,533 = modelled fair value of €270,879 (€3,870/m²), a €79,121 (22.6%) gap versus the €350,000 asking price.
Short-term vacation rental The property’s listing price of €350,000 is 22.6% higher than its fair value of €270,879, which makes it a risky investment given the current market dynamics. The yield of 3.7% gross is not compelling enough to justify the high price in a tourist-driven economy like Algarve. Buy-and-hold Investing in this property at €350,000 presents a challenge, as it is priced above fair value at €270,879 and offers only a mediocre yield of 3.7%. The long-term appreciation potential may be limited given the overpriced nature of the asset compared to surrounding properties. Value-add renovation While renovations might enhance the property’s condition rating of 80/100, the existing price of €350,000 already exceeds the fair valuation of €270,879 by 22.6%. This gap indicates that any potential increase in value from renovations might not compensate for the initial overpricing of the property.
Economic Vulnerability The economic stability score of 65 indicates that market fluctuations may impact property values negatively, presenting a risk for potential investors.
