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 107 m² on the 1st floor, built in 2002, energy rating C. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This apartment boasts a prime location within the upscale Boavista Golf & Spa Resort, coupled with brand-new air conditioning and a modern boiler for year-round comfort.
The valuation. The asking price of €425,000 sits significantly below the fair value of €626,341, marked at a discount of €201,341 (32.1%). This property is notably underpriced.
Fair value modelled at €626,341 from 1 comparable sales in the area. Asking €425,000 sits €201,341 (32.1%) below — the upside to fair value.
Asking €425,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €566,158 (€5,291/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 €566,158, adjusted for condition and micro-location, gives a modelled fair value of €626,341 (€5,854/m²), a €201,341 (32.1%) gap versus the €425,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 89e737 | Subject | €425,000 | €3,972 | — | 75 | 73 |
| São Gonçalo de Lagos · 49b696 | Active | €480,000 | €5,854 | 47.4% | 75 | 67 |
| Median comp | €480,000 | €5,854 | 47.4% | 75 | 67 |
Short-term vacation rental The property’s location in the Algarve, coupled with its proximity to the coast, positions it for a significant short-term rental demand, likely resulting in impressive occupancy rates. With a yield of 4.8% gross and a fair value indicating a 32.1% gap, this investment presents an opportunity for advantageous cash flow. Buy-and-hold Investing in this 2-bed apartment allows for potential capital appreciation in a thriving tourism market, making it a strategic addition to a buy-and-hold portfolio. The favorable market dynamics underscored by the fair value estimate suggest that long-term growth is likely, despite a current purchase price below its fair valuation. Family rental The property could serve as an appealing family rental, given its decent condition rating of 79/100 and the neighborhood's solid amenities and tenant quality scores. With the current pricing below fair market value by 32.1%, this property is well positioned for stable rental income while offering good living conditions for families.
Economic Vulnerability With an economic stability score of 65/100, there is a significant risk of fluctuating market conditions potentially affecting property demand and rental income.
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