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 128 m² on the 1st floor, built in 2009, energy rating B. Located on estrada da Albardeira, 1, São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features a spacious terrace with unobstructed garden views, creating an ideal setting for outdoor relaxation and entertainment year-round.
The valuation. The asking price of €529,000 is slightly above the fair value of €508,478 by €20,522 (4.0%), which indicates this property is fairly priced in the current market.
Fair value modelled at €508,478 from 6 comparable sales in the area. Asking €529,000 sits €20,522 (4.0%) above — overpriced versus fair value.
Asking €529,000 versus the estrada da Albardeira, 1 area baseline of €480,684 (€3,755/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €480,684, adjusted for condition and micro-location, gives a modelled fair value of €508,478 (€3,972/m²), a €20,522 (4.0%) gap versus the €529,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| estrada da Albardeira, 1 | Subject | €529,000 | €4,133 | — | 75 | 73 |
| rua Maria Helena Vieira da Silva | Active | €495,000 | €3,808 | 7.9% | 80 | 70 |
| parque do Moínho | Active | €610,000 | €5,041 | 22.0% | 80 | 73 |
| São Gonçalo de Lagos · be9379 | Active | €640,000 | €4,706 | 13.9% | 85 | 71 |
| rua do Barinel S / N | Active | €475,000 | €4,060 | 1.8% | 78 | 74 |
| Median comp | €552,500 | €4,383 | 6.1% | 80 | 72 |
Short-term vacation rental The 2-bed apartment in São Gonçalo de Lagos has a fair value of €508,478, indicating that the current listing price of €529,000 reflects a modest 4.0% gap, suggesting the price is aligned with market expectations. With a gross yield of 4.1%, the property is positioned well for short-term vacation rentals, especially in the appealing Algarve tourism area, although the seasonal nature of employment may lead to inconsistent rental income. Long-term rental At a listing price of €529,000, the property’s fair value is slightly lower, revealing that the investment stands at a 4.0% premium above fair value. The gross yield of 4.1% is appealing but should be weighed against the seasonal employment dynamics in the area that may impact tenant stability for long-term renting. Buy-and-hold While the property is fairly valued at €529,000 with a small 4.0% premium over fair value, its 4.1% gross yield suggests a reasonable return on investment for a buy-and-hold strategy. However, prospective investors must consider the economic fluctuations and seasonal variations in demand influenced by tourism, which may affect long-term appreciation prospects.
Economic Dependence Risk The property faces a risk due to a moderate economic stability score of 60/100, indicating potential vulnerabilities in the local economy that could impact tenant demand and rental income. Tenant Turnover Risk The tenant stability score of 65/100 suggests potential risks related to turnover, which could affect consistent rental income and increase leasing costs.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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