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, 2-bathroom apartment of 166 m² on the 1st floor, built in 2003, energy rating C. Located on rua de Santo Amaro, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The apartment's proximity to local markets and historical city walls makes it an ideal locale for both cultural immersion and convenience, enhancing its investment potential.
The valuation. The asking price of €545,000 is slightly below the fair value of €553,333, indicating that the property is priced fairly at €8,333 (1.5% under). This suggests a competitive opportunity for potential buyers.
Fair value modelled at €553,333 from 5 comparable sales in the area. Asking €545,000 sits €8,333 (1.5%) below — the upside to fair value.
Asking €545,000 versus the rua de Santo Amaro area baseline of €520,357 (€3,135/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 €520,357, adjusted for condition and micro-location, gives a modelled fair value of €553,333 (€3,333/m²), a €8,333 (1.5%) gap versus the €545,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua de Santo Amaro | Subject | €545,000 | €3,283 | — | 78 | 72 |
| parque do Moínho | Active | €460,000 | €3,333 | 1.5% | 73 | 74 |
| rua Dom Diogo de Sousa, 35 | Active | €370,000 | €2,824 | 14.0% | 68 | 81 |
| rua Paolo Cocco | Active | €390,000 | €3,333 | 1.5% | 75 | 67 |
| parque do Moínho | Active | €390,000 | €3,362 | 2.4% | 75 | 75 |
| Median comp | €390,000 | €3,333 | 1.5% | 74 | 75 |
Short-term vacation rental Given the property’s fair valuation and solid 3.9% gross yield, it presents a stable option for short-term vacation rentals, particularly in the tourist-friendly Algarve region. However, the slight 1.5% gap compared to fair value suggests that while it can generate income, the investment may not offer significant appreciation potential. Buy-and-hold As a buy-and-hold investment, this apartment in São Gonçalo de Lagos is currently priced fairly and benefits from the growing demand in the Algarve region. While the yield stands at 3.9%, the investment may not provide strong capital growth, making it a suitable long-term hold but lacking any immediate price advantage. Value-add renovation The property’s condition rating of 76/100 indicates that some renovation could increase its value and appeal, but given it is already priced at fair value, the potential profit margins may be limited. Investors should be cautious as improving the property might not yield returns that exceed the initial investment due to the close proximity to fair market pricing.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk that economic fluctuations could negatively impact tenant retention and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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