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, 2-bathroom apartment of 98 m², built in 1998, energy rating C. Located on parque do Moínho, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy feature: The apartment features a continuous balcony of approximately 20m, providing unobstructed views and an ideal space for outdoor living. Investment potential: High demand in the area ensures promising appreciation.
The valuation. The asking price of €372,000 is €13,125 (3.5%) above the fair value of €358,875, indicating that the property is overpriced. This discrepancy suggests a need for negotiation to align the price with market expectations.
Fair value modelled at €358,875 from the area baseline, adjusted for condition and location. Asking €372,000 sits €13,125 (3.5%) above — overpriced versus fair value.
Asking €372,000 versus the parque do Moínho area baseline of €384,650 (€3,925/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 (Condition 72 · Materials 75 · Room dimensions 65). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 70/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 60). Strong amenities and housing-market momentum support a premium to baseline.
parque do Moínho
Area baseline €384,650 + condition -€10,719 + location +€27,377 = modelled fair value of €358,875 (€3,662/m²), a €13,125 (3.5%) gap versus the €372,000 asking price.
Short-term vacation rental The property presents an average gross yield of 4.7%, which could align with short-term rental strategies in a popular tourism destination like São Gonçalo de Lagos. However, with the listing price at €372,000 exceeding the fair value by 3.5%, the investment may not provide the expected return on investment due to overpricing. Buy-and-hold Investing in a buy-and-hold strategy may seem appealing given the stable demand for housing in the Algarve, yet the property’s condition rating of 68 and price being over fair value could limit long-term appreciation. With a listing price that exceeds fair value, investors may find that potential profits could be overshadowed by initial costs, making this option less attractive.
Economic vulnerability The economic stability score of 65 suggests a moderate risk of downturn, while a tenant stability score of 60 indicates potential issues with tenant retention or turnover rate, which may affect rental income stability and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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