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 65 m² on the 1st floor, energy rating F. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Unique Feature: Located just steps from ancient walls and major historical attractions, this top-floor apartment also boasts a rooftop terrace with scenic sea views for relaxation. Condition Notes: While functional, the apartment requires minor aesthetic updates for modern appeal.
The valuation. The asking price of €275,000 is €12,667 (4.8%) above the fair value of €262,333. Consequently, it is fairly valued, presenting a reasonable entry point for investors.
Fair value modelled at €262,333 from 6 comparable sales in the area. Asking €275,000 sits €12,667 (4.8%) above — overpriced versus fair value.
Asking €275,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €279,384 (€4,298/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 61/100 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 €279,384, adjusted for condition and micro-location, gives a modelled fair value of €262,333 (€4,036/m²), a €12,667 (4.8%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 38b4d9 | Subject | €275,000 | €4,231 | — | 62 | 80 |
| São Gonçalo de Lagos · 956c8f | Active | €285,000 | €4,191 | 0.9% | 54 | 73 |
| rua dos Peixeiros | Active | €400,000 | €7,143 | 68.8% | 65 | 80 |
| rua Gago Coutinho, 3 | Active | €350,000 | €5,224 | 23.5% | 76 | 74 |
| rua da Bela Vista | Active | €260,000 | €3,881 | 8.3% | 74 | 70 |
| Median comp | €317,500 | €4,708 | 11.3% | 70 | 74 |
Short-term vacation rental This 1-bed apartment in São Gonçalo de Lagos benefits from the robust tourism sector in the Algarve, providing a steady stream of visitors. The 4% gross yield enhances its appeal as a short-term vacation rental, although its fair value suggests a careful assessment of pricing is necessary. Buy-and-hold With a fair valuation close to listing price and a solid neighbourhood score of 80/100, this property can serve as a reasonable long-term buy-and-hold investment. Nevertheless, investors should remain mindful of the relatively average condition rating of 61/100, which may necessitate future improvements. Luxury market Positioned within an attractive area, this property may appeal to the luxury market targeting affluent tourists looking for unique stays in the Algarve. However, the slight gap from fair value indicates that potential buyers should avoid overextending financially in pursuit of luxury demographics. Not ideal for: Long-term rental, Student housing
Economic Volatility Risk The economic stability score of 70 may indicate potential fluctuations in local market conditions, which can affect property value and rental income.**
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
