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 94 m², built in 1991, energy rating E. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Feature: The apartment boasts a stunning terrace complete with a built-in barbecue, perfect for outdoor entertaining while soaking in the Algarve sun.
The valuation. The asking price of €310,000 is significantly above the fair value of €249,604, making it overpriced by €60,396 (19.5%). This discrepancy raises red flags for investors aiming for accurate valuations in their portfolios.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 938629 | Subject | €310,000 | €3,298 | — | — | 74 |
| São Gonçalo de Lagos · 25f45c | Active | €325,000 | €3,652 | 10.7% | 74 | 79 |
| São Gonçalo de Lagos · 38932b | Active | €325,000 | €3,250 | 1.5% | 68 | 70 |
| rua de Santo Amaro, 18 | Active | €280,000 | €4,308 | 30.6% | 65 | 72 |
| travessa da Cerca do Cemitério, 5 | Active | €205,000 | €4,362 | 32.3% | 55 | 73 |
| Median comp | €302,500 | €3,980 | 20.7% | 67 | 73 |
Short-term vacation rental This 2-bed apartment in São Gonçalo de Lagos, priced at €310,000, is significantly above its fair value of €249,604, making it an overpriced asset. While the Algarve's high seasonal demand supports short-term rentals, the revenue potential may not justify the inflated price. Buy-and-hold With a gross yield of 5%, this property in a desirable neighborhood shows potential for appreciation; however, its current price reflects a 19.5% gap above fair value. This excessive pricing undermines the long-term investment strategy, making it a riskier hold without guaranteed returns. Value-add renovation Despite the opportunity for value-add renovations, the current condition rating of 0/100 suggests significant work is needed, compounded by the property being overpriced at €310,000. The 19.5% gap from fair value indicates that the costs associated with renovations may not yield a satisfactory return on investment given its elevated starting price.
Economic Vulnerability: With an economic stability score of 65/100, this property may face challenges due to potential fluctuations in the local economy, impacting rental income and occupancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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