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, 4-bathroom apartment of 153 m², built in 1994, energy rating E. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features a top-floor position that not only enhances privacy but also provides breathtaking, 360-degree views of Lagos and the Atlantic Ocean from every room.
The valuation. The asking price of €656,000 sits below the fair value of €700,791 by €44,791 (6.4%), indicating a fair assessment of the property. This positioning suggests the property is priced reasonably within the current market expectations.
Fair value modelled at €700,791 from 6 comparable sales in the area. Asking €656,000 sits €44,791 (6.4%) below — the upside to fair value.
Asking €656,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €606,636 (€3,965/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 €606,636, adjusted for condition and micro-location, gives a modelled fair value of €700,791 (€4,580/m²), a €44,791 (6.4%) gap versus the €656,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 19f7d6 | Subject | €656,000 | €4,288 | — | 85 | 75 |
| rua do Barinel, 3 | Active | €780,000 | €5,098 | 18.9% | 83 | 73 |
| rua da Ameijeira, 9 | Active | €420,000 | €3,962 | 7.6% | 85 | 76 |
| São Gonçalo de Lagos · be9364 | Active | €650,000 | €5,118 | 19.4% | 80 | 65 |
| São Gonçalo de Lagos · 49b696 | Active | €480,000 | €5,854 | 36.5% | 75 | 67 |
| Median comp | €565,000 | €5,108 | 19.1% | 82 | 70 |
Short-term vacation rental This property, with a yield of 3.7%, offers a fair opportunity for a short-term vacation rental strategy in the popular Algarve region, which thrives on tourism. However, given its 6.4% gap from fair value and fair condition rating, the potential return might not fully justify the asking price of €656,000. Buy-and-hold With a fair value of €700,791 indicating a reasonable market position, this buy-and-hold strategy may yield stable returns over time, given the area's appeal for long-term residents and vacationers alike. Yet, a yield of 3.7% suggests that while the investment is sound, it does not present a compelling case for those seeking high cash flows. Family rental Targeting families in Lagos could be feasible given the apartment's spaciousness and the area’s overall safety; however, the limited availability of schools may deter some potential tenants. The property is fairly priced at €656,000 but does not stand out as an optimal investment given its modest yield and neighborhood ratings. Not ideal for: Student housing The lack of local schools and average educational offerings make this property a less attractive option for the student housing market. Not ideal for: Industrial development The residential nature of the Lagos area, combined with its tourism-driven economy, means that pursuing industrial development here is unlikely to yield significant returns. Not ideal for: Luxury market While Lagos has a strong tourism influence, this apartment's characteristics and pricing position it outside of the luxury market appeal.
Economic Vulnerability The property may face economic downturn risks given its economic stability score of 70/100, indicating potential instability in local markets.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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