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 52 m² on the 1st floor, built in 2003, energy rating D. Located on rua Coronel Cardeira da Silva S / N, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The apartment offers direct access to a spacious balcony from both the living area and bedroom, enhancing outdoor living in a prime Algarve setting. Additional Amenities: The condominium provides 24-hour security, ensuring peace of mind for residents.
The valuation. The asking price of €365,000 is significantly above the fair value of €305,644, resulting in an overvaluation of €59,356 (19.4%). Prospective buyers should approach this listing with caution given its price relative to market value.
Fair value modelled at €305,644 from 6 comparable sales in the area. Asking €365,000 sits €59,356 (19.4%) above — overpriced versus fair value.
Asking €365,000 versus the rua Coronel Cardeira da Silva S / N area baseline of €302,639 (€5,820/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 69/100 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 €302,639, adjusted for condition and micro-location, gives a modelled fair value of €305,644 (€5,878/m²), a €59,356 (19.4%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Coronel Cardeira da Silva S / N | Subject | €365,000 | €7,019 | — | 72 | 71 |
| São Gonçalo de Lagos · dee54a | Active | €350,000 | €6,604 | 5.9% | 72 | 74 |
| rua dos Peixeiros | Active | €400,000 | €7,143 | 1.8% | 65 | 80 |
| rua Brigadeiro Costa Franco, 3 | Active | €375,000 | €3,676 | 47.6% | 70 | 67 |
| São Gonçalo de Lagos · 389d37 | Active | €290,000 | €5,273 | 24.9% | 68 | 66 |
| Median comp | €362,500 | €5,939 | 15.4% | 69 | 71 |
Short-term vacation rental The appealing tourist-heavy location might initially attract seasonal tenants; however, the property's pricing at €365,000 presents a 19.4% premium over its fair value of €305,644. This higher cost diminishes the potential yield, making the investment less attractive in the short-term rental market. Buy-and-hold While buy-and-hold strategies can be beneficial in an attractive area like Algarve, the current listing price of €365,000 is considerably overpriced compared to the fair value of €305,644, resulting in a modest gross yield of 3.4%. This overvaluation poses a risk for long-term appreciation and could limit profitability in the future. Value-add renovation Investing in value-add renovations could improve the property's condition and appeal; however, with an asking price of €365,000, it stands significantly above its fair value of €305,644. The current pricing suggests that initial renovation costs could be eclipsed by the overall investment risk due to the property's inflated starting point.
Tenant turnover risk With a tenant stability score of 65/100, there is a significant risk of higher tenant turnover which may lead to increased vacancy periods and costs.
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