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 1996, energy rating C. Located on rua José António F. Brak Lamy, 6, São Gonçalo de Lagos parish, Lagos municipality, Faro district. The apartment features a spacious terrace, perfect for outdoor relaxation, and an expanded kitchen that seamlessly integrates with the living area for a modern social experience.
The valuation. The asking price of €380,000 is 1.7% above the fair value of €373,384, indicating that the property is overpriced. This discrepancy suggests a lack of investment attractiveness in its current pricing.
Fair value modelled at €373,384 from the area baseline, adjusted for condition and location. Asking €380,000 sits €6,616 (1.7%) above — overpriced versus fair value.
Asking €380,000 versus the rua José António F. Brak Lamy, 6 area baseline of €368,950 (€3,925/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 (Condition 82 · Materials 81 · Room dimensions 79). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 78/100 (Housing Market 80 · Amenities 85 · Economic 75 · Tenant Quality 75). Strong amenities and housing-market momentum support a premium to baseline.
rua José António F. Brak Lamy, 6
Area baseline €368,950 + condition +€8,372 + location +€36,764 = modelled fair value of €373,384 (€3,972/m²), a €6,616 (1.7%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua José António F. Brak Lamy, 6 | Subject | €380,000 | €4,043 | — | 82 | 78 |
| São Gonçalo de Lagos · 6d5485 | Active | €475,000 | €4,750 | 17.5% | 80 | 68 |
| São Gonçalo de Lagos · 28b67a | Active | €425,000 | €3,972 | 1.7% | 75 | 72 |
| São Gonçalo de Lagos · 23f20d | Active | €425,000 | €3,972 | 1.7% | 73 | 70 |
| urbanização Marina Marina de Lagos | Active | €665,000 | €4,750 | 17.5% | 82 | 66 |
| Median comp | €450,000 | €4,361 | 7.9% | 78 | 69 |
Short-term vacation rental The 2-bed apartment in São Gonçalo de Lagos is overpriced at €380,000, exceeding the fair value of €373,384 by 1.7%. Given the strong tourist traffic in the Algarve, a short-term vacation rental strategy could still be viable, though the immediate investment return may not justify the high purchase price. Buy-and-hold Investing in a buy-and-hold strategy for this apartment may yield a gross return of 4.4%; however, the current listing price of €380,000 is 1.7% above fair value. This suggests that while the property offers some potential for appreciation, it is not an ideal entry point for long-term investment considering it is overpriced. Family rental While family rental opportunities exist in the neighbourhood of São Gonçalo de Lagos, the apartment’s price of €380,000 is above the fair value of €373,384 by 1.7%. This implies that despite the decent condition rating of 81/100, the investment may not offer the best financial prospects due to its current overpriced status.
Economic Sensitivity Risk: A score of 75/100 in economic stability suggests potential vulnerability to economic fluctuations that could impact revenue and tenant requests.
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