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 117 m² on the 5th floor. Located on rua General Humberto Delgado, 1, São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features a private balcony perfect for sunbathing, and a cozy living room equipped with a fireplace and heat recovery system for energy efficiency.
The valuation. The asking price of €360,000 is situated 8.5% below the fair value of €393,362, indicating that this property is fairly priced for its potential. This favorable positioning suggests a balanced market opportunity for buyers.
Fair value modelled at €393,362 from 5 comparable sales in the area. Asking €360,000 sits €33,362 (8.5%) below — the upside to fair value.
Asking €360,000 versus the rua General Humberto Delgado, 1 area baseline of €404,207 (€3,455/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 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 €404,207, adjusted for condition and micro-location, gives a modelled fair value of €393,362 (€3,362/m²), a €33,362 (8.5%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua General Humberto Delgado, 1 | Subject | €360,000 | €3,077 | — | 70 | 70 |
| São Gonçalo de Lagos · 6fbc43 | Active | €330,000 | €2,538 | 17.5% | 66 | 70 |
| parque do Moínho | Active | €390,000 | €3,362 | 9.3% | 75 | 75 |
| parque do Moínho | Active | €375,000 | €4,310 | 40.1% | 65 | 67 |
| rua Paolo Cocco | Active | €390,000 | €3,333 | 8.3% | 75 | 67 |
| Median comp | €382,500 | €3,348 | 8.8% | 71 | 69 |
Short-term vacation rental The property in São Gonçalo de Lagos is positioned well within the Algarve's tourist market, making it a viable candidate for short-term vacation rentals. Given its fair valuation and a gross yield of 4.2%, the investment may yield stable returns, although the somewhat average condition and neighborhood ratings could affect occupancy rates. Long-term rental While the gross yield of 4.2% indicates potential for steady income, the fair price suggests that the investment is priced appropriately for current market expectations. However, with the neighborhood score of 70/100, it may face competition from more attractive areas, affecting long-term tenant appeal. Buy-and-hold Investing in this 2-bed apartment for long-term appreciation could be reasonable given its positioning within a popular tourism destination. Nevertheless, with the valuation aligning closely with fair value, future price appreciation may be limited by the current market conditions and demand dynamics in the region.
Economic Vulnerability With an economic stability score of 60/100, the property may face challenges in maintaining consistent cash flow during economic downturns.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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