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 108 m² on the 1st floor, built in 2001, energy rating E. Located on rua Francisco Sá Carneiro S / N, Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. Noteworthy Feature: This apartment's unique reconfiguration allows for a third bedroom while maintaining a functional smaller living room, enhancing versatility for either family living or rental potential. Condition Notes: While some elements are dated, renovations and good maintenance contribute positively to its appeal.
The valuation. The asking price of €350,000 sits just below the fair value of €356,845, indicating a slight discount of €6,845 or 1.9%. This positions the property as fairly valued in the current market.
Fair value modelled at €356,845 from 6 comparable sales in the area. Asking €350,000 sits €6,845 (1.9%) below — the upside to fair value.
Asking €350,000 versus the rua Francisco Sá Carneiro S / N area baseline of €307,407 (€2,846/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €307,407, adjusted for condition and micro-location, gives a modelled fair value of €356,845 (€3,304/m²), a €6,845 (1.9%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Francisco Sá Carneiro S / N | Subject | €350,000 | €3,241 | — | 70 | 75 |
| rua Carlos Alberto Correia Ribeiro, 20 | Active | €390,000 | €2,516 | 22.4% | 78 | 73 |
| rua das Olarias | Active | €255,000 | €3,000 | 7.4% | 63 | 79 |
| Lagoa e Carvoeiro · 65a863 | Active | €350,000 | €3,608 | 11.3% | 70 | 70 |
| Estômbar e Parchal · 225adf | Active | €395,000 | €2,782 | 14.2% | 75 | 73 |
| Median comp | €370,000 | €2,891 | 10.8% | 73 | 73 |
Short-term vacation rental The property is positioned well within a high-demand tourist zone, but the 3% gross yield suggests limited upside potential in a competitive market. With a fair value at €356,845, the pricing is not a bargain for a vacation rental investment. Buy-and-hold Given the fair valuation at €350,000 in a solid neighborhood with a score of 75/100, the property presents moderate potential for long-term appreciation. However, the relatively low yield of 3% indicates that this may not be the most optimal buy-and-hold strategy in the current market. Family rental This 3-bed apartment in Lagoa is well located for family needs, but with a fair value close to listing at €350,000, expectations should be tempered. The yield of 3% reflects a cautious approach to cash flow, suggesting that while the property is decent, it doesn't offer compelling financial advantages as a family rental investment.
Economic volatility risk The economic stability score of 65/100 indicates potential volatility in the area, which could impact tenant retention despite a higher tenant stability score of 80/100.
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