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 72 m², built in 1983, energy rating D. Located on rua Doutor Francisco Sá Carneiro, 4, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: Enjoy breathtaking panoramic views from the private terraces, ideal for sunrise moments and relaxation, while being conveniently located near beaches and local amenities.
The valuation. The asking price of €360,000 sits €82,864 or 23.0% above the fair value of €277,136, indicating the property is overpriced. This discrepancy warrants a critical review before any investment decision.
Fair value modelled at €277,136 from the area baseline, adjusted for condition and location. Asking €360,000 sits €82,864 (23.0%) above — overpriced versus fair value.
Asking €360,000 versus the rua Doutor Francisco Sá Carneiro, 4 area baseline of €282,600 (€3,925/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 (Condition 78 · Materials 75 · Room dimensions 75). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 74/100 (Housing Market 75 · Amenities 80 · Economic 65 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua Doutor Francisco Sá Carneiro, 4
Area baseline €282,600 + condition +€1,575 + location +€24,137 = modelled fair value of €277,136 (€3,849/m²), a €82,864 (23.0%) gap versus the €360,000 asking price.
Short-term vacation rental The property in São Gonçalo de Lagos is overpriced at €360,000, significantly deviating from the fair value of €277,136, resulting in a 23.0% gap. Given the seasonal nature of tourism in the Algarve, this investment may yield lower returns and increased volatility due to pricing pressures. Buy-and-hold With a gross yield of 3.8% and an overpriced listing, this property does not align with optimal long-term investment strategies. Holding onto a property that is valued at €360,000, well above its fair market value, could jeopardize both cash flow and potential future appreciation. Long-term rental Investing in this property as a long-term rental asset is impractical because of its overpriced status compared to the fair value of €277,136. The high listing price coupled with a relatively modest yield suggests unfavorable conditions for sustainable rental income in the long run.
Economic Volatility Risk The economic stability score of 65/100 indicates a moderate risk of volatility in the local economy, which may impact rental income and property value over time.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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