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, 2-bathroom apartment of 80 m², built in 2006, energy rating C. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The apartment boasts a spacious terrace that seamlessly connects to the open-plan living area, providing a perfect setting for outdoor entertaining and relaxation by the communal pool.
The valuation. The asking price of €345,000 is significantly above the fair value of €302,069, reflecting an overpricing of €42,931, or 12.4%. This suggests buyers may want to approach with caution.
Fair value modelled at €302,069 from the area baseline, adjusted for condition and location. Asking €345,000 sits €42,931 (12.4%) above — overpriced versus fair value.
Asking €345,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €306,080 (€3,826/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 75 · Materials 78 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 72/100 (Housing Market 75 · Amenities 70 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
São Gonçalo de Lagos, Lagos, Faro
Area baseline €306,080 + condition -€1,875 + location +€24,584 = modelled fair value of €302,069 (€3,776/m²), a €42,931 (12.4%) gap versus the €345,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 4a7cc2 | Subject | €345,000 | €4,313 | — | 75 | 72 |
| São Gonçalo de Lagos · 4a7df4 | Active | €495,000 | €3,613 | 16.2% | 78 | 70 |
| São Gonçalo de Lagos · 937423 | Active | €350,000 | €4,545 | 5.4% | 72 | 70 |
| estrada da Meia Praia | Active | €470,000 | €4,653 | 7.9% | 75 | 64 |
| São Gonçalo de Lagos · ba3ebe | Active | €520,000 | €3,514 | 18.5% | 73 | 71 |
| Median comp | €482,500 | €4,079 | 5.4% | 74 | 70 |
Short-term vacation rental The property is positioned in an attractive tourist region but is currently overpriced with a 12.4% gap against fair value. With a gross yield of 4.2%, the investment may struggle to meet expectations once costs are accounted for. Buy-and-hold While the long-term prospects of tourism in Algarve remain substantial, this apartment’s valuation at €345,000 doesn’t provide a sound basis for capital appreciation. The gap from fair value suggests that future returns may not justify the current price, making it a less appealing buy-and-hold opportunity. Family rental This property could suit family rental given its size and condition, yet its current pricing at €345,000 suggests the investment is not well-aligned with potential tenant demand. The overpriced nature of the apartment casts doubt on achieving a competitive rental yield essential for family-oriented investments.
Potential Economic Downturn The economic stability score of 65/100 indicates that there is a moderate risk of downturn that could negatively affect tenant retention and rental income.
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