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.
4-bedroom, 3-bathroom house of 160 m² on the 1st floor, built in 1951, energy rating E. Located on rua Marechal Furtado, 26, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This property features a beautifully designed patio ideal for outdoor entertaining, along with proximity to vibrant local culture in historic Lagos, enhancing its unique appeal.
The valuation. The asking price of €700,000 exceeds the fair value of €654,206 by €45,794, or 7.0%, indicating the property is fairly priced in the market. Buyers should weigh this valuation against their expectations and investment objectives.
Fair value modelled at €654,206 from 3 comparable sales in the area. Asking €700,000 sits €45,794 (7.0%) above — overpriced versus fair value.
Asking €700,000 versus the rua Marechal Furtado, 26 area baseline of €619,730 (€3,873/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 €619,730, adjusted for condition and micro-location, gives a modelled fair value of €654,206 (€4,089/m²), a €45,794 (7.0%) gap versus the €700,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Marechal Furtado, 26 | Subject | €700,000 | €4,375 | — | 75 | 71 |
| São Gonçalo de Lagos · 001a87 | Active | €650,000 | €5,328 | 21.8% | 62 | 75 |
| São Gonçalo de Lagos · b7c37e | Active | €437,500 | €4,089 | 6.5% | 62 | 74 |
| rua da Bela Vista | Active | €420,000 | €3,925 | 10.3% | 70 | 78 |
| Median comp | €437,500 | €4,089 | 6.5% | 62 | 75 |
Long-term rental The property offers a solid gross yield of 5%, indicating stable income potential in a high-demand tourist area. However, the slight gap to its fair value suggests that while it can generate reliable returns, it is priced in line with current market conditions rather than being a substantial investment opportunity. Short-term vacation rental Given its location in the Algarve, which sees seasonal tourist influxes, this property has good potential for short-term rental income. Yet, at a listing price of €700,000, it aligns closely with fair market value, indicating that while it may attract vacationers, it lacks a compelling financial advantage. Buy-and-hold Investing in this property for a long-term hold could provide gradual appreciation in value, supported by the strong tourism sector in the Algarve. Nevertheless, with its price near the fair value of €654,206, it reflects current market conditions, thus presenting limited upside for value growth over the long term.
Potential economic downturn A low economic stability score of 55/100 indicates a heightened risk of economic fluctuations, which could negatively impact long-term tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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