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, 3-bathroom apartment of 134 m², built in 2008, energy rating C. Located Ferragudo parish, Lagoa municipality, Faro district. This property boasts a generous pantry for enhanced storage, alongside a beautifully designed pool area perfect for leisure and relaxation.
The valuation. The asking price of €449,900 exceeds the fair value of €360,606 by €89,294 (24.8%). This valuation indicates that the property is overpriced. Buy-to-flip angle. Resale strategies could focus on cosmetic enhancements given the apartment's high-quality finishes and location, targeting a competitive market for a quick return. Buy-to-let angle. With an estimated gross yield of 5% based on a monthly rental income of around €1,875, the property could attract long-term tenants in a region influenced by tourism.
Fair value modelled at €360,606 from 6 comparable sales in the area. Asking €449,900 sits €89,294 (24.8%) above — overpriced versus fair value.
Asking €449,900 versus the Ferragudo, Lagoa, Faro area baseline of €406,913 (€3,037/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 is below the parish average, reducing fair value versus a typical-condition unit.
Recent nearby listings price below the wider parish average — a hyper-local discount distinct from the parish baseline.
Base gap of €406,913, adjusted for condition and micro-location, gives a modelled fair value of €360,606 (€2,691/m²), a €89,294 (24.8%) gap versus the €449,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Ferragudo · efdc56 | Subject | €449,900 | €3,357 | — | 74 | 70 |
| Portimão · 4a4244 | Active | €475,000 | €2,582 | 23.1% | 70 | 68 |
| Portimão · 3a7487 | Active | €375,000 | €2,953 | 12.1% | 65 | 68 |
| Portimão · dbd491 | Active | €460,000 | €2,754 | 18.0% | 72 | 70 |
| Portimão · f46ab5 | Active | €359,000 | €2,620 | 22.0% | 72 | 70 |
| Median comp | €417,500 | €2,687 | 20.0% | 71 | 69 |
Long-term rental The property is overpriced at €449,900, significantly above its fair value of €360,606, creating a gap of 24.8%. Given the 5% gross yield and the economic reliance on tourism, potential long-term rental returns are likely constrained by the high entry price. Short-term vacation rental At a listing price of €449,900, this apartment is overpriced compared to a fair value of €360,606, indicating a significant premium that may deter potential short-term renters. While the nearby tourism can generate interest, the inflated price limits the overall attractiveness for vacation rental investments. Family rental The apartment's current price of €449,900 is overpriced against its fair value of €360,606, which might restrict family rental opportunities due to cost considerations. Additionally, the neighborhood score of 70/100 signals that while adequate, it may not attract families seeking higher-quality, long-term living environments. Not ideal for Student housing, Luxury market, Buy-and-hold.
Economic Vulnerability The property's economic stability score of 60/100 suggests a medium risk of economic downturns affecting tenant demand and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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