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 60 m² on the 2nd floor, built in 1987. Located on rua Joaquim Conselheiro Machado N, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The property features new plumbing and electrical installations, ensuring modern utilities in a traditional building that preserves the charm of local architecture. Investment Potential: With a prime location, it offers opportunities for customization to maximize rental income.
The valuation. The asking price of €255,000 sits below the fair value of €283,146, representing an undervaluation of €28,146 (9.9%). This property is priced attractively for potential buyers. Buy-to-flip angle. This apartment's reasonable condition and attractive location could facilitate a quick resale; renovations might significantly increase the value and yield up to 15% gain. Buy-to-let angle. With an estimated gross yield of 4.9% (~€1,041/month), this property could serve well as a buy-and-hold investment, particularly as a short-term vacation rental in a highly sought-after tourism area.
Fair value modelled at €283,146 from 6 comparable sales in the area. Asking €255,000 sits €28,146 (9.9%) below — the upside to fair value.
Asking €255,000 versus the rua Joaquim Conselheiro Machado N area baseline of €268,901 (€4,482/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 is below the parish average, reducing 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 €268,901, adjusted for condition and micro-location, gives a modelled fair value of €283,146 (€4,719/m²), a €28,146 (9.9%) gap versus the €255,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Joaquim Conselheiro Machado N | Subject | €255,000 | €4,250 | — | 65 | 71 |
| São Gonçalo de Lagos · 6d552c | Active | €340,000 | €6,800 | 60.0% | 60 | 73 |
| rua Brigadeiro Costa Franco, 3 | Active | €375,000 | €3,676 | 13.5% | 70 | 67 |
| São Gonçalo de Lagos · 389d37 | Active | €290,000 | €5,273 | 24.1% | 68 | 66 |
| São Gonçalo de Lagos · be960c | Active | €395,000 | €4,438 | 4.4% | 75 | 74 |
| Median comp | €357,500 | €4,856 | 14.2% | 69 | 70 |
Short-term vacation rental The property presents a promising opportunity for a short-term vacation rental, given its strategic location in a popular Algarve tourism area, attracting consistent visitor interest. With a gross yield of 4.9% and a fair value of €283,146, the listing price of €255,000 offers an appealing advantage for immediate revenue generation. Buy-and-hold Investors adopting a buy-and-hold strategy can capitalize on the expected appreciation in a desirable area, with current market trends suggesting strong rental demand. The listing at €255,000, compared to the fair value of €283,146, signifies a 9.9% gap that indicates potential for future value growth over time. Family rental As a family rental option, this two-bedroom apartment benefits from a neighborhood rating of 71/100, indicating a solid appeal for family living. The current price of €255,000, below the fair value of €283,146, presents an opportunity to secure a family-friendly residence in a promising area for long-term rental stability.
Economic Vulnerability The property is at risk due to its economic stability score of 65/100, indicating potential fluctuations in market conditions that could impact tenant demand.
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