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 150 m², built in 2006, energy rating B. Located on parque do Moínho, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This apartment includes a private storage room in the basement and direct access to landscaped communal gardens with two pools, enhancing outdoor living options.
The valuation. The asking price of €420,000 sits below the fair value of €465,328, indicating significant potential for appreciation, as it is underpriced by €45,328 (9.7%). Buy-to-flip angle. A buy-to-flip strategy could be advantageous, targeting short-term enhancements to appeal to investors given the desired aesthetics and upgrades in this contemporary apartment. Buy-to-let angle. With an estimated gross yield of 4%, generating approximately €1,400/month aligns well with long-term rental strategies, capitalizing on the demand in the tourism-heavy Algarve region.
Fair value modelled at €465,328 from 5 comparable sales in the area. Asking €420,000 sits €45,328 (9.7%) below — the upside to fair value.
Asking €420,000 versus the parque do Moínho area baseline of €423,647 (€2,824/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 €423,647, adjusted for condition and micro-location, gives a modelled fair value of €465,328 (€3,102/m²), a €45,328 (9.7%) gap versus the €420,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| parque do Moínho | Subject | €420,000 | €2,800 | — | 72 | 70 |
| rua Francisco Xavier Ataíde de Oliveira | Active | €425,000 | €3,102 | 10.8% | 75 | 71 |
| São Gonçalo de Lagos · 4d451b | Active | €440,000 | €3,188 | 13.9% | 72 | 72 |
| São Gonçalo de Lagos · b7b721 | Active | €435,000 | €2,900 | 3.6% | 73 | 74 |
| São Gonçalo de Lagos · 0016aa | Active | €530,000 | €4,077 | 45.6% | 76 | 74 |
| Median comp | €437,500 | €3,145 | 12.3% | 74 | 73 |
Short-term vacation rental The 2-bed apartment in São Gonçalo de Lagos, listed at €420,000, presents a favorable opportunity for short-term vacation rentals, as it is currently subvalued by 9.7% compared to its fair value of €465,328. With a gross yield of 4%, it aligns well with the Algarve's tourism-driven economy, making it an attractive option for vacationers. Long-term rental Investing in this property for long-term rental purposes offers solid potential, given its fair value of €465,328 against a listing price of €420,000, indicating a subvaluation of 9.7%. The apartment's gross yield of 4% coupled with its reasonable condition score of 76/100 suggests a stable investment in an area appealing to long-term tenants. Buy-and-hold Acquiring this property as a buy-and-hold investment strategy is supported by its subvaluation, with a fair market value of €465,328 against the listing of €420,000, representing a 9.7% opportunity. With a yield of 4% and the potential for value appreciation in a tourist-reliant economy, the investment can provide positive cash flow while benefitting from capital growth over time.
Economic Vulnerability The economic stability score of 60/100 indicates potential fluctuations in the local economy that could affect property demand and 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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