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 2009, energy rating E. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Attention to Detail: The main suite’s generous walk-in closet and additional office space enhance functionality, while spacious balconies seamlessly integrate indoor and outdoor living with breathtaking ocean vistas.
The valuation. The asking price of €656,000 is underpriced compared to the fair value of €783,071, representing a significant discount of €127,071 (16.2%). This attractive pricing makes it a compelling opportunity in the current market.
Fair value modelled at €783,071 from 5 comparable sales in the area. Asking €656,000 sits €127,071 (16.2%) below — the upside to fair value.
Asking €656,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €692,030 (€4,523/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 €692,030, adjusted for condition and micro-location, gives a modelled fair value of €783,071 (€5,118/m²), a €127,071 (16.2%) gap versus the €656,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 6226eb | Subject | €656,000 | €4,288 | — | 82 | 71 |
| 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 shows a promising opportunity for short-term vacation rentals, capitalizing on the Algarve's robust tourism industry. The potential to achieve higher rental yields is supported by the favorable demand dynamics in this neighborhood, with a current gross yield of 3.5%, which could increase as tourism continues to grow. Buy-and-hold Investing in this apartment for long-term hold appears prudent, especially given its fair market value of €783,071, indicating it is currently underpriced at €656,000. The combination of a solid neighborhood rating of 71/100 and an 85/100 condition score further underlines its potential for appreciation over time. Value-add renovation Opportunities for value-add renovations exist, which could significantly enhance the market appeal and rental income potential of this property. Given its above-average condition score, targeted improvements could yield a notable increase in value, aligning with the €783,071 fair value assessment while still reflecting a 16.2% gap at purchase.
Potential Economic Vulnerability The economic stability score of 65/100 suggests that the property might be exposed to fluctuations in local economic conditions, which could impact tenant demand and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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