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 116 m², built in 2016. Located on parque do Moínho, São Gonçalo de Lagos parish, Lagos municipality, Faro district. This top-floor apartment features three balconies, including a generously sized one accessible from the living room and kitchen, perfect for enjoying the outdoors in a vibrant neighborhood.
The valuation. The asking price of €390,000 sits 4.3% below the fair value of €407,568, indicating that the property is priced fairly for the current market conditions. This reasonable alignment suggests a stable opportunity for potential buyers. Buy-to-flip angle. With strategic renovations targeting the apartment’s high-quality finishes, there’s potential for a resale at a profitable margin in a booming tourist area. The goal would be to enhance appeal and attract higher offers. Buy-to-let angle. The property offers a gross yield of 4.4% with an estimated rental income of €1,430 per month, making it suitable for short-term vacation rentals targeting the tourist influx in the Algarve. This steady rental income can ensure a solid return on investment over time.
Fair value modelled at €407,568 from 5 comparable sales in the area. Asking €390,000 sits €17,568 (4.3%) below — the upside to fair value.
Asking €390,000 versus the parque do Moínho area baseline of €379,737 (€3,274/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €379,737, adjusted for condition and micro-location, gives a modelled fair value of €407,568 (€3,514/m²), a €17,568 (4.3%) gap versus the €390,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| parque do Moínho | Subject | €390,000 | €3,362 | — | 75 | 75 |
| rua das Canoas | Active | €370,000 | €2,517 | 25.1% | 72 | 73 |
| estrada da Meia Praia | Active | €470,000 | €4,653 | 38.4% | 75 | 64 |
| São Gonçalo de Lagos · ba3ebe | Active | €520,000 | €3,514 | 4.5% | 73 | 71 |
| rua Frei António da Purificação | Active | €369,000 | €3,968 | 18.0% | 75 | 77 |
| Median comp | €420,000 | €3,741 | 11.3% | 74 | 72 |
Short-term vacation rental This property, while located in a tourist-favored area of the Algarve, is priced at €390,000, which is fairly close to its fair value of €407,568, indicating it's not an exceptional investment opportunity. With a gross yield of 4.4%, the expected returns from a short-term vacation rental may not significantly exceed typical market performance. Buy-and-hold As a long-term investment, the apartment presents a moderate yield of 4.4%, which is reasonable but does not suggest strong upside potential compared to other investment options. Given its fair valuation of €390,000 against a fair value of €407,568, the appreciation prospects appear limited in the current market conditions. Family rental The 2-bed apartment offers a decent living space in a neighborhood scoring 75/100, making it suitable for family rentals; however, its pricing at €390,000 represents a fair market position rather than a compelling value. The stable demand from families seeking residences in a tourist-driven area may provide consistent income, but the overall return on investment remains average at best.
Tenant turnover risk The tenant stability score of 75/100 indicates a moderate risk of tenant turnover, which may impact consistent 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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