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 234 m², energy rating A. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The apartment boasts a remarkable 124 m² wraparound terrace with both sunny and shaded areas, complete with a hot tub and outdoor fireplace for year-round enjoyment.
The valuation. The asking price of €765,000 is significantly below the fair value of €954,000, indicating an underpriced opportunity at €189,000 (19.8%) below market expectations. This creates a favorable position for potential buyers.
Fair value modelled at €954,000 from 6 comparable sales in the area. Asking €765,000 sits €189,000 (19.8%) below — the upside to fair value.
Asking €765,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €866,460 (€3,703/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €866,460, adjusted for condition and micro-location, gives a modelled fair value of €954,000 (€4,077/m²), a €189,000 (19.8%) gap versus the €765,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 4a43df | Subject | €765,000 | €3,269 | — | 78 | 72 |
| largo do Rossio de São João Batista, 1 | Active | €1,290,000 | €4,388 | 34.2% | 88 | 80 |
| São Gonçalo de Lagos · 0016aa | Active | €530,000 | €4,077 | 24.7% | 76 | 74 |
| largo da República | Active | €530,000 | €4,077 | 24.7% | 80 | 69 |
| largo do Rossio de São João Batista | Active | €1,290,000 | €4,388 | 34.2% | 90 | 70 |
| Median comp | €910,000 | €4,233 | 29.5% | 84 | 72 |
Short-term vacation rental The property's proximity to the Algarve coast positions it favorably within a robust tourist-driven market, suggesting considerable demand for short-term vacation rentals. Given the fair value of €954,000 against the listing price of €765,000, this investment presents a compelling opportunity with a 19.8% gap and a gross yield of 3.8%. Buy-and-hold This 3-bed apartment in São Gonçalo de Lagos is likely to appreciate over time due to its appealing location and tourist attraction, making it a strong candidate for a buy-and-hold strategy. The significant gap to fair value indicates a potential for future capital gain while generating steady income through rental yields. Long-term rental With a gross yield of 3.8% and a favorable location within a neighborhood scoring 72/100, this property is poised to attract long-term tenants looking for quality housing near the coast. The listing price of €765,000, significantly below its fair value, suggests that it can deliver a stable return on investment as property values continue to rise.
Moderate Economic Fluctuation Risk The economic stability score of 65/100 suggests that there may be potential fluctuations in the local economy, which could impact tenant retention and property value over time.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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