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 126 m² on the 1st floor, built in 2003, energy rating C. Located Odiáxere parish, Lagos municipality, Faro district. This apartment boasts a large east-facing balcony perfect for morning sun and features a communal panoramic terrace offering breathtaking 360-degree views over Meia Praia and Lagos Bay.
The valuation. The asking price of €585,000 is positioned slightly above the fair value of €567,350 by €17,650 (3.1%). This assessment indicates a fair valuation, making the property relatively attractive in its market sector.
Fair value modelled at €567,350 from 6 comparable sales in the area. Asking €585,000 sits €17,650 (3.1%) above — overpriced versus fair value.
Asking €585,000 versus the Odiáxere, Lagos, Faro area baseline of €479,220 (€3,803/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €479,220, adjusted for condition and micro-location, gives a modelled fair value of €567,350 (€4,503/m²), a €17,650 (3.1%) gap versus the €585,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Odiáxere · 8ee711 | Subject | €585,000 | €4,643 | — | 75 | 71 |
| urbanização Marina Park | Active | €550,000 | €4,783 | 3.0% | 71 | 72 |
| rua da Galé, 23C | Active | €410,000 | €3,796 | 18.2% | 72 | 74 |
| rua Luís de Stau Monteiro S / N | Active | €580,000 | €5,088 | 9.6% | 72 | 75 |
| urbanização Marina Marina de Lagos | Active | €665,000 | €4,750 | 2.3% | 82 | 66 |
| Median comp | €565,000 | €4,767 | 2.7% | 72 | 73 |
Short-term vacation rental Given the property’s location in Algarve, a prime tourist region known for its seasonal rental demand, a short-term vacation rental strategy could capitalize on tourism influx. However, the lack of gross yield signals limited immediate profit potential, emphasizing that potential returns are closely tied to tourism trends rather than steady income. Long-term rental Although the apartment is strategically situated in a desirable area, the property offers a negligible gross yield of 0%, which suggests that long-term rental may not deliver significant returns. Additionally, with a fair valuation of €585,000, investors must recognize that the apartment’s appreciation is reliant on ongoing neighborhood desirability rather than immediate cash flow. Buy-and-hold Investing in this property with a buy-and-hold strategy may yield gradual appreciation due to its decent location within Odiáxere, Lagos, though the fair valuation indicates it is not priced for immediate gains. The current property condition and neighborhood scores suggest that holding this asset will require patience, as the gain potential hinges on broader market performance rather than immediate cash influxes.
Economic vulnerability With an economic stability score of 60/100, there is a risk of fluctuating market conditions impacting the property’s value and rental demand. Tenant inconsistency A tenant stability score of 65/100 indicates potential challenges in maintaining long-term tenants, leading to periodic vacancies and inconsistent rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
