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, 3-bathroom apartment of 73 m², built in 2009, energy rating D. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The apartment includes a versatile loft space, ideal for hosting guests or generating rental income, enhancing its appeal as both a home and investment opportunity. Unique Touch: Thoughtful design elements, combined with premium finishes, create an elegant living atmosphere throughout the property.
The valuation. The asking price of €880,000 is significantly above the fair value of €366,000, representing a 140.4% premium. This property is thus regarded as overpriced, making it a poor investment opportunity for potential buyers.
Fair value modelled at €774,035 from 6 comparable sales in the area. Asking €780,000 sits €5,965 (0.8%) above — overpriced versus fair value.
Asking €780,000 versus the rua do Barinel, 3 area baseline of €735,106 (€4,805/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €735,106, adjusted for condition and micro-location, gives a modelled fair value of €774,035 (€5,059/m²), a €5,965 (0.8%) gap versus the €780,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua do Barinel, 3 | Subject | €780,000 | €5,098 | — | 83 | 73 |
| São Gonçalo de Lagos · 58372e | Active | €650,000 | €5,909 | 15.9% | 84 | — |
| São Gonçalo de Lagos · a80276 | Active | €550,000 | €4,825 | 5.4% | 85 | 74 |
| São Gonçalo de Lagos · 82902e | Active | €650,000 | €5,118 | 0.4% | 88 | 70 |
| rua da Torraltinha | Active | €656,000 | €4,288 | 15.9% | 80 | 70 |
| Median comp | €650,000 | €4,972 | 2.5% | 85 | 70 |
Short-term vacation rental The property is overpriced at €880,000 compared to its fair value of €366,000, indicating a substantial 140.4% gap. Given the location's high tourist appeal, this investment may not yield a profitable return, especially with an unattractive gross yield of 0%. Buy-and-hold While the area is well-known for its tourism, purchasing this property at a price significantly higher than its fair value is unlikely to provide favorable long-term gains. The high purchase price coupled with a gross yield of 0% suggests that the financial viability of holding this asset is compromised. Long-term rental Acquiring this property for long-term rental does not appear prudent, as it is overpriced at €880,000, far exceeding its fair value of €366,000. The lack of yield combined with market conditions indicates that prospective long-term tenants may not generate sufficient income to justify the investment cost.
Moderate Tenant Default Risk The tenant stability score of 70/100 suggests there is a moderate risk of tenant defaults, potentially affecting rental income stability 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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