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, 3-bathroom apartment of 221 m² on the 2nd floor, built in 2007, energy rating B. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This apartment features a southeast-facing terrace with a built-in barbecue and stunning views, enhancing outdoor living and entertaining options in a prime Lagos location.
The valuation. The asking price of €635,000 is slightly below the fair value of €655,712, making it a fair investment opportunity with a difference of €20,712, or 3.2%. Buy-to-flip angle. The property’s high-quality materials and excellent condition support a buy-to-flip strategy, targeting a resale price that capitalizes on the Algarve's strong market demand. Buy-to-let angle. With an estimated monthly rental income of €1,693, the gross yield of 3.2% positions this apartment as a solid buy-to-let investment, benefitting from the region's tourism influx and rental opportunities.
Fair value modelled at €655,712 from 6 comparable sales in the area. Asking €635,000 sits €20,712 (3.2%) below — the upside to fair value.
Asking €635,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €521,720 (€2,361/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €521,720, adjusted for condition and micro-location, gives a modelled fair value of €655,712 (€2,967/m²), a €20,712 (3.2%) gap versus the €635,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 5da256 | Subject | €635,000 | €2,873 | — | 83 | 72 |
| praceta João da Costa Reis | Active | €640,000 | €2,832 | 1.4% | 85 | 73 |
| São Gonçalo de Lagos · 1e613a | Active | €650,000 | €3,218 | 12.0% | 80 | 72 |
| parque do Moínho | Active | €420,000 | €2,800 | 2.6% | 72 | 70 |
| rua Francisco Xavier Ataíde de Oliveira | Active | €425,000 | €3,102 | 8.0% | 75 | 71 |
| Median comp | €532,500 | €2,967 | 3.3% | 78 | 72 |
Short-term vacation rental The property presents an opportunity for short-term vacation rental given its location in Algarve, a region known for its robust tourism sector. However, with a yield of 3.2% gross and a fair value marginally higher than the listing price, this investment remains poised at market rates without significant upside potential. Long-term rental Investing in this 3-bed apartment for long-term rental could provide stable income, especially in a market supported by seasonal employment and desirable amenities in the neighbourhood. Nevertheless, at a gross yield of 3.2% and a fair valuation closely aligned with the asking price, the investment aligns with market expectations but lacks room for substantial appreciation. Buy-and-hold As a buy-and-hold asset, the property holds potential for long-term appreciation in an area with a steady demand for housing due to its attractive location. However, with the current valuation sitting at €635,000—only slightly below the fair value of €655,712—the investment is fairly priced and may experience modest growth in line with market trends.
Potential Economic Downturn The economic stability score of 65/100 suggests a moderate risk of downturn, which could affect both property value and tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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