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 85 m² on the 1st floor, energy rating D. Located on rua Olarias, Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. Noteworthy Features: The apartment includes a pleasant balcony and terrace, enhancing outdoor leisure options, and is situated conveniently on the first floor for easy access without an elevator.
The valuation. The asking price of €275,000 is slightly above the fair value of €266,984, resulting in a premium of €8,016 (3.0%). Overall, the property is valued at a fair price, making it a reasonable investment choice.
Fair value modelled at €266,984 from 6 comparable sales in the area. Asking €275,000 sits €8,016 (3.0%) above — overpriced versus fair value.
Asking €275,000 versus the rua Olarias area baseline of €273,657 (€3,219/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 is below the parish average, reducing 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 €273,657, adjusted for condition and micro-location, gives a modelled fair value of €266,984 (€3,141/m²), a €8,016 (3.0%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Olarias | Subject | €275,000 | €3,235 | — | 65 | 64 |
| rua 16 de Janeiro, 1 | Active | €250,000 | €3,247 | 0.4% | 72 | 73 |
| urbanização Fazenda Grande | Active | €295,000 | €3,041 | 6.0% | 72 | 71 |
| rua Francisco Sá Carneiro S / N | Active | €350,000 | €3,241 | 0.2% | 70 | 75 |
| rua Mouzinho de Albuquerque | Active | €249,000 | €3,773 | 16.6% | 70 | 69 |
| Median comp | €272,500 | €3,244 | 0.3% | 71 | 72 |
Long-term rental This property offers a gross yield of 4.2%, reflecting stable cash flow potential, albeit at a fair valuation of €275,000 compared to the fair value of €266,984. The local housing demand driven by tourism provides a reliable tenant pool, yet the slightly below-average condition rating could influence tenant satisfaction and retention. Short-term vacation rental With its location in a desirable tourist hub, this apartment could perform decently in the short-term rental market, although it is priced fairly at €275,000 against a fair value of €266,984. However, the current condition score of 63/100 suggests the property may require improvements to maximize its appeal to vacation renters. Family rental The 2-bed layout and decent amenities support the potential for family tenants, but the property is listed at a fair price of €275,000, just slightly above the fair valuation of €266,984. While the neighborhood offers moderate quality, the 64/100 rating indicates that it may not be the top choice for families seeking higher-quality environments. Not ideal for: Student housing, Luxury market, Value-add renovation
Economic volatility risk The economic stability score of 45/100 suggests a high risk of economic downturns affecting rental income reliability 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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