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.
1-bedroom, 1-bathroom apartment of 67 m² on the 2nd floor, built in 1991, energy rating D. Located on largo de Carvoeiro, Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. Noteworthy Features: The apartment includes two terraces that provide outdoor space for relaxation or dining, enhancing the appeal of its prime location near Carvoeiro Beach. Investment Potential: Its original state allows for personalized renovations to increase property value. Condominium Advantage: Residents benefit from a well-managed condominium with low monthly fees of €24.97, ensuring maintenance of common areas. Market Insight: Positioned in a sought-after area of the Algarve, it serves as an excellent opportunity for personal residence or holiday letting.
The valuation. The asking price of €269,000 exceeds the fair value of €247,275 by €21,725, representing an 8.8% premium. This property is assessed at fair value, indicating a balanced pricing status within the market.
Fair value modelled at €247,275 from 6 comparable sales in the area. Asking €269,000 sits €21,725 (8.8%) above — overpriced versus fair value.
Asking €269,000 versus the largo de Carvoeiro area baseline of €213,741 (€3,190/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €213,741, adjusted for condition and micro-location, gives a modelled fair value of €247,275 (€3,691/m²), a €21,725 (8.8%) gap versus the €269,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| largo de Carvoeiro | Subject | €269,000 | €4,015 | — | 62 | 74 |
| Lagoa e Carvoeiro · 65a726 | Active | €330,000 | €3,708 | 7.6% | 68 | 71 |
| rua do Barranco | Active | €320,000 | €4,000 | 0.4% | 68 | 73 |
| urbanização Fazenda Grande | Active | €295,000 | €3,041 | 24.3% | 72 | 71 |
| Lagoa e Carvoeiro · 875000 | Active | €288,000 | €5,333 | 32.8% | 65 | 71 |
| Median comp | €307,500 | €3,854 | 4.0% | 68 | 71 |
Short-term vacation rental This property is situated in the Algarve, a region with strong tourist demand, ensuring a steady flow of short-term guests. Although the yield stands at a gross 4.3%, the slight premium over its fair value suggests careful consideration of rental pricing strategy. Buy-and-hold Investing in this property for long-term appreciation is viable since it is located in a popular area known for its economic stability and low crime rates. The current fair value indicates that while it isn't a bargain, the investment could still yield competitive returns over time. Long-term rental With a robust demand for rental properties in Lagoa and a moderate neighborhood rating of 74/100, this apartment is suitable for long-term tenants looking for quality living spaces. The yield of 4.3% is acceptable, reflecting the fair valuation that justifies a steady income stream while avoiding pricing excesses.
Potential tenant turnover risk: The tenant stability score of 70/100 indicates a moderately higher potential for tenant turnover, which could impact 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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