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.
3-bedroom, 2-bathroom apartment of 139 m², built in 2009, energy rating C. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. This property features a spacious terrace equipped with a barbecue, perfect for outdoor entertaining while enjoying breathtaking panoramic views over the city of Lagos and the Serra de Monchique.
The valuation. The asking price of €460,000 sits just above the fair value of €456,355 by €3,645 (0.8%). This indicates that the property is reasonably priced and aligns with current market conditions.
Fair value modelled at €456,355 from 5 comparable sales in the area. Asking €460,000 sits €3,645 (0.8%) above — overpriced versus fair value.
Asking €460,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €427,822 (€3,078/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €427,822, adjusted for condition and micro-location, gives a modelled fair value of €456,355 (€3,283/m²), a €3,645 (0.8%) gap versus the €460,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · efdd31 | Subject | €460,000 | €3,309 | — | 70 | 66 |
| rua de Santo Amaro, 7 | Active | €545,000 | €3,263 | 1.4% | 72 | 71 |
| rua de Santo Amaro | Active | €545,000 | €3,283 | 0.8% | 78 | 72 |
| rua Paolo Cocco | Active | €390,000 | €3,333 | 0.7% | 75 | 67 |
| parque do Moínho | Active | €390,000 | €3,362 | 1.6% | 75 | 75 |
| Median comp | €467,500 | €3,308 | 0% | 75 | 72 |
Short-term vacation rental The property in São Gonçalo de Lagos is situated in the tourist-friendly Algarve region, which is generally conducive to robust short-term rental demand. With a fair value alignment of only 0.8% below the listing price, the potential for gross yields of 4.9% may attract vacationers but indicates limited upside for investors seeking significant rental income. Long-term rental While the property shows potential for long-term rental due to its size and overall condition score of 76/100, the fair valuation suggests that returns may be constrained. Furthermore, with the neighbourhood scoring 66/100 on tenant quality, it may not attract the best long-term tenants, potentially impacting rental stability. Buy-and-hold The buy-and-hold strategy may be less appealing for this property given its fair valuation, as the 0.8% gap to fair value indicates limited capital appreciation potential in the near term. Additionally, the overall neighbourhood rating and amenities suggest that while the property can serve as a long-term asset, growth prospects remain modest in comparison to other opportunities in more dynamic areas.
Economic Vulnerability The economic stability score of 50/100 indicates a high risk of economic downturns impacting rental income and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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