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, 0-bathroom apartment of 151 m², built in 2015, energy rating A+. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This apartment includes a south-facing covered terrace ideal for outdoor dining and leisure, as well as private outdoor space surrounding the unit totaling approximately 78 m².
The valuation. The asking price of €585,000 is €101,570 (14.8%) below the fair value of €686,570, indicating that this property is subpriced and presents a potential opportunity for investors. Buy-to-flip angle. This strategy targets quick resale, capitalizing on the property’s high-quality finishes and desirable location in the Algarve, which enhances the likelihood of appreciation. Buy-to-let angle. With an estimated rental income of €1,462/month, the gross yield stands at 3%, appealing for long-term investment, especially in a popular tourism area.
Fair value modelled at €686,570 from 6 comparable sales in the area. Asking €585,000 sits €101,570 (14.8%) below — the upside to fair value.
Asking €585,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €592,733 (€3,925/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €592,733, adjusted for condition and micro-location, gives a modelled fair value of €686,570 (€4,547/m²), a €101,570 (14.8%) gap versus the €585,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 89e7a2 | Subject | €585,000 | €3,874 | — | 80 | 75 |
| São Gonçalo de Lagos · b7c006 | Active | €545,000 | €4,325 | 11.6% | 75 | 64 |
| parque do Moínho | Active | €610,000 | €5,041 | 30.1% | 80 | 73 |
| São Gonçalo de Lagos · be9379 | Active | €640,000 | €4,706 | 21.5% | 85 | 71 |
| rua Maria Helena Vieira da Silva | Active | €495,000 | €3,808 | 1.7% | 80 | 70 |
| Median comp | €577,500 | €4,516 | 16.6% | 80 | 71 |
Short-term vacation rental The property is strategically positioned in the Algarve, a prime tourist region, making it suitable for the short-term vacation rental market. With a fair value of €686,570, the current listing of €585,000 suggests room for profitability in a high-demand area. Buy-and-hold Given the fair value of €686,570, the property can serve as a solid buy-and-hold investment, benefiting from future appreciation in a region influenced heavily by tourism. The attractive listing price allows for a stable gross yield of 3%, indicating potential for long-term capital growth. Luxury market This 2-bed apartment is located in a desirable area conducive to the luxury market, potentially appealing to affluent buyers or investors. With the property listed at €585,000 while being valued at €686,570, it stands as an opportunity within the burgeoning luxury segment of the Algarve real estate market.
Economic Vulnerability With an economic stability score of 65/100, this property may face risks related to fluctuating market conditions that could impact rental income and occupancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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