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 2000, energy rating C. Located on rua Coronel Cardeira da Silva S / N, São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features a spacious south-facing balcony equipped with a barbecue, perfect for outdoor entertaining and enjoying views near the vibrant Lagos Marina.
The valuation. The asking price of €305,000 is significantly above the fair value of €265,147, resulting in an overvaluation of €39,853 (13.1%). This indicates that the property is overpriced. Buy-to-flip angle. A buy-to-flip strategy may be challenging given the current asking price, requiring substantial market appreciation to realize a profit upon resale. The aim would focus on short-term market improvements to enhance value. Buy-to-let angle. With an estimated gross yield of 6.2% and rental income around €1,576/month, a buy-to-let strategy could capitalize on the high tourism influx in the Algarve area. The property could serve well for seasonal rental needs.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Coronel Cardeira da Silva S / N | Subject | €305,000 | €2,990 | — | — | 70 |
| parque do Moínho | Active | €375,000 | €4,310 | 44.1% | 65 | 67 |
| São Gonçalo de Lagos · 937423 | Active | €350,000 | €4,545 | 52.0% | 72 | 70 |
| São Gonçalo de Lagos · 82c6ce | Active | €380,000 | €3,689 | 23.4% | 75 | 72 |
| São Gonçalo de Lagos · 6fbc43 | Active | €330,000 | €2,538 | 15.1% | 66 | 70 |
| Median comp | €362,500 | €4,000 | 33.8% | 69 | 70 |
Short-term vacation rental The €305,000 listing price exceeds the fair value by 13.1%, indicating a market misalignment for short-term vacation rentals. Given its location in a high tourism area of the Algarve, the potential yield of 6.2% may not compensate for the overpriced nature of this investment. Long-term rental While long-term rentals could generate a steady income, the current listing price of €305,000 being 13.1% higher than fair value undermines the investment's attractiveness. The yield of 6.2% may be appealing in theory, but the overvaluation suggests a less favorable outlook for long-term rental viability. Buy-and-hold Investing in this property as a buy-and-hold strategy is risky due to its €305,000 price tag being 13.1% above fair value. The anticipated rental income and neighborhood quality may not justify the current market price, indicating a need for caution in the buy-and-hold approach.
Economic vulnerability The economic stability score of 50/100 indicates a potential risk due to a weak local economy, which could affect tenant demand and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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