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 121 m², built in 1992, energy rating A. Located on parque do Moínho, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Unique Feature: This apartment boasts a south-facing terrace and balcony paved with traditional Santa Catarina tiles, offering captivating sea views and a perfect spot for al-fresco dining.
The valuation. The asking price of €610,000 sits €133,470 above the fair value of €476,530, indicating the property is overpriced by 21.9%. This discrepancy may deter potential buyers looking for sound investments.
Fair value modelled at €476,530 from the area baseline, adjusted for condition and location. Asking €610,000 sits €133,470 (21.9%) above — overpriced versus fair value.
Asking €610,000 versus the parque do Moínho area baseline of €474,925 (€3,925/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 (Condition 80 · Materials 90 · Room dimensions 85). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 80 · Amenities 75 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
parque do Moínho
Area baseline €474,925 + condition +€15,125 + location +€38,873 = modelled fair value of €476,530 (€3,938/m²), a €133,470 (21.9%) gap versus the €610,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| parque do Moínho | Subject | €610,000 | €5,041 | — | 80 | 73 |
| rua Raul Brandäo | Active | €1,100,000 | €6,748 | 33.9% | 85 | 71 |
| rua Raul Brandäo | Active | €1,100,000 | €6,748 | 33.9% | 80 | 68 |
| largo da República | Active | €530,000 | €4,077 | 19.1% | 80 | 69 |
| rua do Barinel S / N | Active | €475,000 | €4,060 | 19.5% | 78 | 74 |
| Median comp | €815,000 | €5,413 | 7.4% | 80 | 70 |
Short-term vacation rental The property's current price of €610,000 is significantly above its fair value of €476,530, underscoring that it is overpriced in a market heavily reliant on tourism. With a gross yield of only 3.3%, the investment potential for a short-term rental strategy does not justify this elevated cost. Long-term rental At €610,000, this property is overpriced compared to its fair value of €476,530, which limits the potential for long-term rental profitability in a neighborhood with decent amenities but a lower tenant quality. A gross yield of 3.3% suggests that investing at this price point is unlikely to yield satisfactory returns for long-term rental strategies. Buy-and-hold The property being priced at €610,000 rather than its fair value of €476,530 signals that it is overpriced, presenting significant holding costs that could outweigh the benefits of a buy-and-hold strategy. The modest gross yield of 3.3% does not compensate for the market's reliance on tourism and weak economic stability in the Algarve region.
Potential Economic Downturn The property is at risk due to a moderate Economic Stability score of 65/100, indicating vulnerability to economic fluctuations that could impact 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
