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 108 m² on the 2nd floor, built in 2005, energy rating C. Located on rua da Galé, 23C, São Gonçalo de Lagos parish, Lagos municipality, Faro district. This corner unit benefits from abundant natural light and fresh air due to its three-sided exposure, complemented by recent maintenance ensuring a high-quality living experience.
The valuation. The asking price of €410,000 is 1.3% above the fair value of €404,566, indicating that the property is overpriced. This suggests a careful evaluation is necessary for prospective buyers considering this investment.
Fair value modelled at €404,566 from the area baseline, adjusted for condition and location. Asking €410,000 sits €5,434 (1.3%) above — overpriced versus fair value.
Asking €410,000 versus the rua da Galé, 23C area baseline of €377,136 (€3,492/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 (Condition 72 · Materials 68 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 74/100 (Housing Market 78 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
rua da Galé, 23C
Area baseline €377,136 + condition -€8,775 + location +€36,205 = modelled fair value of €404,566 (€3,746/m²), a €5,434 (1.3%) gap versus the €410,000 asking price.
Short-term vacation rental The property, listed at €410,000, is overpriced compared to its fair value of €404,566, presenting a narrow 1.3% gap that limits potential returns. Additionally, the 4.7% gross yield may not attract investors looking for strong seasonal rental income in a market affected by fluctuating tourism dynamics. Buy-and-hold With a fair value slightly lower than the listing price, this apartment's 4.7% gross yield indicates that it may not provide adequate returns for a buy-and-hold strategy in the long run. Moreover, the neighborhood's rating of 74/100 suggests reasonable amenities, but the property's condition rating of only 70/100 raises concerns about future capital expenditure needs. Family rental The €410,000 listing price positions this property in the overpriced category, which may deter family renters seeking value for money. Given the seasonal employment dynamics in the tourism-driven region, the economic stability for long-term family tenancies can also be uncertain, making this investment less attractive. Not ideal for: Student housing, Industrial investment, Luxury market The property is not suited for student housing due to its higher price point and limited yield, making it unappealing for that demographic. Similarly, the nature of the property and its location make it inadequate for industrial investment and luxury market opportunities, given the volatility of the local economy and housing market dynamics.
Economic Fluctuation Risk A moderate economic stability score of 65 may indicate potential fluctuations that could affect tenant retention and property income stability.
