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, 3-bathroom house of 164 m², built in 2003, energy rating C. Located Odiáxere parish, Lagos municipality, Faro district. This property features a versatile top floor that can be utilized as a fourth bedroom or office, leading to a magnificent rooftop terrace with panoramic views of the area.
The valuation. The asking price of €595,000 is below the fair value of €629,732 by €34,732 (5.8%), indicating that this property is subpriced in the current market condition.
Fair value modelled at €629,732 from the area baseline, adjusted for condition and location. Asking €595,000 sits €34,732 (5.8%) below — the upside to fair value.
Asking €595,000 versus the Odiáxere, Lagos, Faro area baseline of €572,688 (€3,492/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 (Condition 73 · Materials 78 · Room dimensions 80). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
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.
Odiáxere, Lagos, Faro
Area baseline €572,688 + condition +€4,356 + location +€52,687 = modelled fair value of €629,732 (€3,840/m²), a €34,732 (5.8%) gap versus the €595,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Odiáxere · f363a4 | Subject | €595,000 | €3,628 | — | 73 | 73 |
| jardim da Meia Praia, 20 | Active | €565,000 | €4,414 | 21.7% | 75 | 76 |
| rua Nova da Aldeia | Active | €990,000 | €1,429 | 60.6% | — | 71 |
| rua da Bela Vista | Active | €420,000 | €3,925 | 8.2% | 70 | 78 |
| Odiáxere · 8933d3 | Active | €1,690,000 | €6,500 | 79.2% | 78 | 74 |
| Median comp | €777,500 | €4,170 | 14.9% | 75 | 75 |
Short-term vacation rental This property in Odiáxere, Lagos, presents an attractive investment opportunity as a short-term vacation rental, with a gross yield of 4.7% supported by the Algarve’s status as a tourist hotspot. Additionally, its fair value is assessed at €629,732, indicating a slight gap of 5.8% compared to the listing price of €595,000, further enhancing its potential for positive cash flow. Buy-and-hold Acquiring this 3-bed house as a buy-and-hold investment strategy aligns well with its fair value of €629,732, demonstrating stability in an appreciating market. The property’s solid condition rating of 77/100 and favorable neighborhood scores substantiate long-term value retention, making it a compelling asset for steady income. Family rental Given its 3-bedroom configuration, this property is well-suited for family rentals, benefiting from low crime rates and access to local amenities that attract families seeking stability. The fair value of €629,732 underscores the potential for favorable rental pricing in a neighborhood rated 73/100, reflecting solid tenant quality and demand for family homes in the area.
Potential Tenant Default Risk The combination of a 65/100 economic stability score and a 70/100 tenant stability score suggests a moderate risk of tenant defaults due to potential economic challenges.
