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 102 m², built in 2007, energy rating C. Located on avenida da Republica, São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features a spacious enclosed terrace ideal for versatile use, along with high-quality interior finishes that enhance both comfort and aesthetic appeal.
The valuation. The asking price of €515,000 is located just below the fair value of €521,087, reflecting a minimal discrepancy of €6,087 (1.2%). Overall, the property is fairly valued. Buy-to-flip angle. The buy-to-flip strategy entails renovating the apartment to enhance its appeal for resale in the booming Algarve market. By capitalizing on quality finishes, the goal is to attract a premium buyer. Buy-to-let angle. With a gross yield of 3.9%, the rental income strategy focuses on estimating monthly rents of approximately €1,674 for either long-term tenants or short-term vacation rentals, leveraging the coastal location’s tourist demand.
Fair value modelled at €521,087 from 6 comparable sales in the area. Asking €515,000 sits €6,087 (1.2%) below — the upside to fair value.
Asking €515,000 versus the avenida da Republica area baseline of €501,843 (€4,920/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €501,843, adjusted for condition and micro-location, gives a modelled fair value of €521,087 (€5,109/m²), a €6,087 (1.2%) gap versus the €515,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| avenida da Republica | Subject | €515,000 | €5,049 | — | 72 | 78 |
| largo da República | Active | €650,000 | €4,710 | 6.7% | 82 | 70 |
| rua das Quintas | Active | €690,000 | €6,970 | 38.0% | 83 | 74 |
| urbanização Marina Park | Active | €550,000 | €4,783 | 5.3% | 71 | 72 |
| rua da Galé, 23C | Active | €410,000 | €3,796 | 24.8% | 72 | 74 |
| Median comp | €600,000 | €4,747 | 6.0% | 77 | 73 |
Short-term vacation rental The property offers a gross yield of 3.9%, which reflects the potential for stable income given the popularity of the Algarve region for tourists. However, at a listing price of €515,000, it aligns closely with its fair value of €521,087, positioning it as a neutral investment in the short-term rental market. Long-term rental With a fair value assessment indicating only a 1.2% gap from the listing price, this property appears to be fairly positioned for long-term rental opportunities. The neighbourhood score of 78/100 suggests good tenant quality, yet the yield of 3.9% may limit its attractiveness for significant income growth. Buy-and-hold This property represents a fair market value with a slight premium, making it suitable for buy-and-hold investors seeking stable, albeit modest, returns. The overall condition rating of 76/100 is reasonable for long-term appreciation, yet the limited rental yield of 3.9% implies that substantial profit is unlikely through this strategy.
Economic downturn vulnerability The economic stability score of 70 indicates a moderate risk of potential downturns that could impact rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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