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, 1-bathroom apartment of 106 m² on the 3rd floor, energy rating C. Located on rua Josè António dos Reis Dàmaso, 47, Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. This apartment features a spacious 25.6 m² dependent area perfect for a home office or storage, enhancing its functionality beyond standard living space.
The valuation. The asking price of €287,500 is significantly below the fair value of €341,628, presenting an opportunity with a discount of €54,128 (15.8%). This positions the property as a compelling investment prospect. Buy-to-flip angle. With strategic renovations, the property can be resold at a profit, leveraging its high-quality finishes to attract buyers seeking modern amenities in a desirable Algarve location. Buy-to-let angle. The estimated gross yield of 4.8% suggests a monthly rental income of around €1,150, making it suitable for long-term rental or short-term vacation rentals, appealing to the tourism-driven market of Lagoa.
Fair value modelled at €341,628 from 6 comparable sales in the area. Asking €287,500 sits €54,128 (15.8%) below — the upside to fair value.
Asking €287,500 versus the rua Josè António dos Reis Dàmaso, 47 area baseline of €271,926 (€2,565/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €271,926, adjusted for condition and micro-location, gives a modelled fair value of €341,628 (€3,223/m²), a €54,128 (15.8%) gap versus the €287,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Josè António dos Reis Dàmaso, 47 | Subject | €287,500 | €2,712 | — | 80 | 69 |
| rua 16 de Janeiro, 1 | Active | €250,000 | €3,247 | 19.7% | 72 | 73 |
| Estômbar e Parchal · 438eeb | Active | €395,000 | €2,782 | 2.6% | 78 | 73 |
| rua Mouzinho de Albuquerque | Active | €249,000 | €3,773 | 39.1% | 70 | 69 |
| urbanização Fazenda Grande | Active | €295,000 | €3,041 | 12.1% | 72 | 71 |
| Median comp | €272,500 | €3,144 | 15.9% | 72 | 72 |
Short-term vacation rental With a fair value of €341,628, this property is currently priced at €287,500, offering a 15.8% gap that indicates it may appeal to short-term vacation rental investors looking to capitalize on the Algarve tourist region. The gross yield of 4.8% enhances its attractiveness in a market where rental demand is consistently high due to tourism. Buy-and-hold Investors seeking a buy-and-hold strategy can benefit from the property’s valuation gap of 15.8% and favorable conditions reflected in its score of 82/100, signifying solid investment potential over the long term. The location in Lagoa, known for its desirable amenities and pleasant living environment, will likely support property value appreciation. Family rental Positioned in a neighborhood rated 69/100, this property, priced below fair value, is suitable for family rental purposes given the positive local amenities and the safe community atmosphere. The current rental yield of 4.8% reflects a stable income potential, making it an appealing choice for families relocating to the Algarve area.
Potential economic downturn The economic stability score of 60/100 indicates a moderate risk of economic downturns affecting occupancy and rent levels, which could impact overall profitability.
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