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, 2-bathroom apartment of 117 m² on the 2nd floor, built in 2016, energy rating C. Located on rua Paolo Cocco, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy features: The apartment boasts a spacious south-facing balcony with an electric awning and barbecue, perfect for social gatherings and relaxation, alongside dedicated basement storage and parking space.
The valuation. The asking price of €390,000 sits €47,653 (10.9%) below the fair value of €437,653, making this property underpriced considering its condition and location.
Fair value modelled at €437,653 from 6 comparable sales in the area. Asking €390,000 sits €47,653 (10.9%) below — the upside to fair value.
Asking €390,000 versus the rua Paolo Cocco area baseline of €410,233 (€3,506/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 74/100 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 €410,233, adjusted for condition and micro-location, gives a modelled fair value of €437,653 (€3,741/m²), a €47,653 (10.9%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Paolo Cocco | Subject | €390,000 | €3,333 | — | 75 | 67 |
| parque do Moínho | Active | €375,000 | €4,310 | 29.3% | 65 | 67 |
| rua das Canoas | Active | €370,000 | €2,517 | 24.5% | 72 | 73 |
| estrada da Meia Praia | Active | €470,000 | €4,653 | 39.6% | 75 | 64 |
| São Gonçalo de Lagos · ba3ebe | Active | €520,000 | €3,514 | 5.4% | 73 | 71 |
| Median comp | €422,500 | €3,912 | 17.4% | 73 | 69 |
Short-term vacation rental The property is well-positioned in a key tourist region, which supports a consistent demand for short-term vacation rentals. With a fair value exceeding the listing price by 10.9%, this opportunity presents a favorable entry point for maximizing rental income. Buy-and-hold Investing in this property for long-term appreciation is advantageous as it is currently below its fair value of €437,653. Given the 4.4% gross yield, the property not only offers income potential but also the likelihood of value increase in a thriving tourism market. Family rental This 2-bed apartment in São Gonçalo de Lagos is appealing for families due to its size and proximity to essential amenities. The property’s fair valuation suggests a strong potential for stable cash flow, making it a suitable family rental option in the area.
Economic Vulnerability Given the economic stability score of 50/100, there is a heightened risk of downturns impacting rental demand and occupancy rates. Tenant Turnover Risk With a tenant stability score of 60/100, there is an elevated possibility of tenant turnover, which could lead to increased vacancy periods and associated costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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