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, 2-bathroom apartment of 86 m² on the 1st floor, built in 1997, energy rating C. Located on rua Carlos Alberto Correia Ribeiro, Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. This property features a cozy living room with a fireplace, enhancing its charm and comfort in the cooler months, along with a practical storage room on the terrace.
The valuation. The asking price of €295,000 is set above the fair value of €269,891, representing a premium of €25,109 (9.3%). This property is evaluated to be at the fair price based on current market conditions.
Fair value modelled at €269,891 from 6 comparable sales in the area. Asking €295,000 sits €25,109 (9.3%) above — overpriced versus fair value.
Asking €295,000 versus the rua Carlos Alberto Correia Ribeiro area baseline of €267,869 (€3,115/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 62/100 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 €267,869, adjusted for condition and micro-location, gives a modelled fair value of €269,891 (€3,138/m²), a €25,109 (9.3%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Carlos Alberto Correia Ribeiro | Subject | €295,000 | €3,430 | — | 65 | 73 |
| rua Olarias | Active | €275,000 | €3,235 | 5.7% | 65 | 64 |
| rua 16 de Janeiro, 1 | Active | €250,000 | €3,247 | 5.3% | 72 | 73 |
| rua Mouzinho de Albuquerque | Active | €249,000 | €3,773 | 10.0% | 70 | 69 |
| Estômbar e Parchal · 438eeb | Active | €395,000 | €2,782 | 18.9% | 78 | 73 |
| Median comp | €262,500 | €3,241 | 5.5% | 71 | 71 |
Short-term vacation rental The property in Lagoa e Carvoeiro is well-positioned within the Algarve tourist region, potentially attracting consistent demand from vacationers. However, with a fair value of €269,891 and a listing price of €295,000, the property is priced fairly, limiting immediate upside potential in a competitive market. Long-term rental Given the 4.5% gross yield and a decent neighborhood score of 73/100, this property could serve as a stable option for long-term tenants in a region driven by tourism. Nevertheless, the property is fairly priced at €295,000, suggesting limited opportunity for margin enhancement in a long-term rental strategy. Buy-and-hold The strong tourist influence in Lagoa e Carvoeiro provides a favorable backdrop for a buy-and-hold strategy; however, the property is listed at a fair value of €295,000, only slightly above the calculated fair value. This price point may constrain the long-term appreciation potential, making it a less compelling investment in the buy-and-hold context.
Economic Vulnerability The economic stability score of 65/100 indicates potential fluctuations in the local economy that could affect property value 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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