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 91 m², built in 2005, energy rating D. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: Enjoy stunning views over the 17th fairway and its elegant fountains from the expansive terrace, perfect for outdoor dining and relaxation in a serene setting. Additional Amenity: This apartment also offers secure parking and a large private storage room for added convenience.
The valuation. The asking price of €460,000 is significantly above the fair value of €349,834, representing an overvaluation of €110,166 (23.9%). This places the property in a challenging financial position for prospective buyers looking for value.
Fair value modelled at €349,834 from the area baseline, adjusted for condition and location. Asking €460,000 sits €110,166 (23.9%) above — overpriced versus fair value.
Asking €460,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €357,175 (€3,925/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 (Condition 72 · Materials 77 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 75/100 (Housing Market 80 · Amenities 75 · Economic 70 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
São Gonçalo de Lagos, Lagos, Faro
Area baseline €357,175 + condition +€284 + location +€31,777 = modelled fair value of €349,834 (€3,844/m²), a €110,166 (23.9%) gap versus the €460,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 0022fe | Subject | €460,000 | €5,055 | — | 72 | 75 |
| São Gonçalo de Lagos · 49b696 | Active | €480,000 | €5,854 | 15.8% | 75 | 67 |
| São Gonçalo de Lagos · 28b67a | Active | €425,000 | €3,972 | 21.4% | 75 | 72 |
| Luz · f35f5f | Active | €465,000 | €5,813 | 15.0% | 72 | 76 |
| estrada de Porto de Mós S / N | Active | €475,000 | €4,948 | 2.1% | 75 | 72 |
| Median comp | €470,000 | €5,381 | 6.4% | 75 | 72 |
Short-term vacation rental The property’s asking price of €460,000 represents a significant premium over its fair value of €349,834, marking a 23.9% gap. With a gross yield of only 2.9%, the investment does not align well with the profitability one would expect in a high-demand tourist area like Algarve. Long-term rental At a listing price of €460,000, this 2-bed apartment is overpriced in relation to its fair value of €349,834, presenting a 23.9% discrepancy. With a gross yield of 2.9%, long-term rental returns may not justify this elevated entry price. Buy-and-hold The investment appeal of this property is diminished by its current asking price of €460,000, which exceeds the fair value of €349,834 by 23.9%. Given the modest gross yield of 2.9%, holding this asset may not yield the desired appreciation in a competitive market like Algarve.
Economic Vulnerability The economic stability score of 70/100 suggests potential fluctuations in the local economy that may impact rental income.
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