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.
3-bedroom, 2-bathroom apartment of 94 m², built in 1994, energy rating C. Located on travessa José António Brak Lamy, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The property boasts a private terrace equipped with a masonry barbecue and oven, ideal for outdoor entertaining, along with an independent laundry area for added convenience.
The valuation. The asking price of €380,000 exceeds the fair value of €363,587 by €16,413 (4.3%), indicating that the property is overpriced. This discrepancy suggests potential challenges in achieving a return on investment.
Fair value modelled at €363,587 from the area baseline, adjusted for condition and location. Asking €380,000 sits €16,413 (4.3%) above — overpriced versus fair value.
Asking €380,000 versus the travessa José António Brak Lamy area baseline of €368,950 (€3,925/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 (Condition 75 · Materials 80 · Room dimensions 78). Above-median finish quality lifts fair value versus a baseline unit needing CapEx.
Neighbourhood score 73/100 (Housing Market 78 · Amenities 70 · Economic 65 · Tenant Quality 70). Strong amenities and housing-market momentum support a premium to baseline.
travessa José António Brak Lamy
Area baseline €368,950 + condition +€5,141 + location +€30,199 = modelled fair value of €363,587 (€3,868/m²), a €16,413 (4.3%) gap versus the €380,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| travessa José António Brak Lamy | Subject | €380,000 | €4,043 | — | 75 | 73 |
| rua da Galé, 23C | Active | €410,000 | €3,796 | 6.1% | 72 | 74 |
| São Gonçalo de Lagos · be960c | Active | €395,000 | €4,438 | 9.8% | 75 | 74 |
| 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 |
| Median comp | €417,500 | €3,972 | 1.7% | 74 | 73 |
Long-term rental This 3-bed apartment, while suitable for long-term rental, is currently overpriced at €380,000 compared to a fair value of €363,587, indicating a gap of 4.3%. With a gross yield of 4.1%, investors may struggle to find adequate returns in a market that is heavily influenced by tourism but has a lower tenant quality. Short-term vacation rental Although the coastal Algarve location suggests potential for short-term vacation rental opportunities, the €380,000 listing price stands above the fair value of €363,587, making it overpriced by 4.3%. Given the apartment’s condition rating of 79/100 and neighbourhood score of 73/100, the investment may not deliver the expected performance despite the area's tourism draw. Buy-and-hold As a buy-and-hold investment, the property is overpriced at €380,000 when compared to the fair value of €363,587, representing a 4.3% gap. This pricing, alongside a gross yield of only 4.1%, may limit the long-term growth potential for investors in a region dominated by tourism and an expat community. Not ideal for student housing The property is not suitable for student housing due to its geographic location outside major cities, which limits school variety and tenant quality. While the coastal Algarve can attract tourists, it does not cater effectively to a steady student rental market. Not ideal for luxury market Engaging in the luxury market with this property may not be advisable as the pricing of €380,000 exceeds the fair valuation of €363,587, rendering it overpriced. Additionally, the apartment's condition score of 79/100 and neighbourhood rating of 73/100 indicate that it lacks the appeal typical of luxury real estate investments.
Economic Vulnerability With an economic stability score of 65/100, there's a heightened risk of market fluctuations impacting rental demand and profitability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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