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 147 m², energy rating C. Located on rua das Canoas, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This top-floor apartment boasts three balconies providing uninterrupted ocean views, enhancing the spacious living experience while promoting a seamless indoor-outdoor flow.
The valuation. The asking price of €370,000 is significantly below the fair value of €558,483, which places it at a remarkable 50.9% discount. This property is therefore considered underpriced.
Fair value modelled at €558,483 from the area baseline, adjusted for condition and location. Asking €370,000 sits €188,483 (50.9%) below — the upside to fair value.
Asking €370,000 versus the rua das Canoas area baseline of €576,975 (€3,925/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 (Condition 72 · Materials 76 · Room dimensions 76). Below-median condition lowers fair value versus a renovated baseline unit.
Neighbourhood score 73/100 (Housing Market 75 · Amenities 80 · Economic 55 · Tenant Quality 65). Strong amenities and housing-market momentum support a premium to baseline.
rua das Canoas
Area baseline €576,975 + condition -€2,067 + location +€47,226 = modelled fair value of €558,483 (€3,799/m²), a €188,483 (50.9%) gap versus the €370,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua das Canoas | Subject | €370,000 | €2,517 | — | 72 | 73 |
| rua Frei António da Purificação | Active | €369,000 | €3,968 | 57.6% | 75 | 77 |
| estrada da Meia Praia | Active | €470,000 | €4,653 | 84.9% | 75 | 64 |
| São Gonçalo de Lagos · ba3ebe | Active | €520,000 | €3,514 | 39.6% | 73 | 71 |
| São Gonçalo de Lagos · 6fbc43 | Active | €330,000 | €2,538 | 0.9% | 66 | 70 |
| Median comp | €419,500 | €3,741 | 48.6% | 74 | 71 |
Short-term vacation rental This 2-bed apartment in São Gonçalo de Lagos is strategically positioned in a popular tourist region of Algarve, offering a gross yield of 5.9% that indicates strong potential for short-term vacation rental income. The gap of 50.9% compared to fair value further highlights its attractiveness as a solid investment opportunity. Value-add renovation With a condition rating of 74/100, this property presents a value-add opportunity, allowing investors to enhance its appeal and increase overall returns. The significant difference from the fair value suggests that targeted renovations could yield substantial gains in both rental income and property value. Long-term rental Given the mixed seasonal residents and tourist-centered amenities in the area, this apartment is well-suited for long-term rental investments that capitalize on steady demand from both locals and transient residents. The 50.9% gap from fair value reinforces the soundness of this property as a durable rental asset, promising consistent cash flow over time.
Economic Vulnerability The economic stability score of 55/100 suggests potential vulnerabilities in the local market that could affect property value and tenant reliability.
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