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 102 m², built in 2001, energy rating D. Located on rua Brigadeiro Costa Franco, 3, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This apartment benefits from a dedicated outdoor terrace area, ideal for relaxation, and premium sound insulation, enhancing the living experience in this bustling location.
The valuation. The asking price of €375,000 is €4,955 (1.3%) above the fair value of €370,045, indicating that the property is overpriced. This suggests potential challenges for achieving a satisfactory return on investment.
Fair value modelled at €370,045 from the area baseline, adjusted for condition and location. Asking €375,000 sits €4,955 (1.3%) above — overpriced versus fair value.
Asking €375,000 versus the rua Brigadeiro Costa Franco, 3 area baseline of €400,350 (€3,925/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 (Condition 70 · Materials 65 · Room dimensions 70). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 67/100 (Housing Market 70 · Amenities 65 · Economic 65 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua Brigadeiro Costa Franco, 3
Area baseline €400,350 + condition -€10,359 + location +€24,221 = modelled fair value of €370,045 (€3,628/m²), a €4,955 (1.3%) gap versus the €375,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Brigadeiro Costa Franco, 3 | Subject | €375,000 | €3,676 | — | 70 | 67 |
| rua Doutor Francisco Sá Carneiro, 4 | Active | €360,000 | €5,000 | 36.0% | 78 | 74 |
| rua Gago Coutinho, 3 | Active | €350,000 | €5,224 | 42.1% | 76 | 74 |
| São Gonçalo de Lagos · 389d37 | Active | €290,000 | €5,273 | 43.4% | 68 | 66 |
| São Gonçalo de Lagos · 6d552c | Active | €340,000 | €6,800 | 85.0% | 60 | 73 |
| Median comp | €345,000 | €5,249 | 42.8% | 72 | 74 |
Short-term vacation rental The property is in a prime location near Algarve's coastal attractions, but with a current asking price of €375,000, it is overpriced by 1.3% against the fair value of €370,045. Despite the gross yield of 4.3%, the high acquisition cost may limit profitability for short-term vacation rental strategies. Buy-and-hold While the 4.3% gross yield may initially appear attractive, the asking price of €375,000 exceeds the fair value by 1.3%, categorizing it as overpriced for a buy-and-hold investment. The current condition score of 69/100 coupled with neighborhood quality rating of 67/100 raises concerns over long-term capital appreciation potential. Value-add renovation Investing in value-add renovations can improve the property’s condition and justify a higher rental rate, yet at €375,000, the apartment is overpriced by 1.3% compared to its fair value. The renovation strategy might be risky given the modest condition score of 69/100 and the existing neighborhood dynamics, which may not support significant value uplift. Not ideal for student housing This property’s characteristics and prime location do not align well with student housing demands, and at an asking price of €375,000, it is overpriced relative to fair market expectations. Given the apartment's condition and area ratings, it’s clear this investment lacks the appeal needed for student accommodation. Not ideal for luxury market The property is priced at €375,000, marking it as overpriced by 1.3% against the fair value, which does not position it well for the luxury market segment. With moderate condition and neighborhood ratings, it lacks the upscale renovation potential that luxury buyers typically seek.
Potential Economic Downturn The economic stability score of 65 indicates a moderate risk of downturns that could affect tenant retention and rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
