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, built in 2004. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features a spacious 10.9 m2 south-facing terrace with built-in BBQ, perfect for outdoor entertainment while enjoying scenic sea and city views.
The valuation. The asking price of €365,000 is significantly above the fair value of €253,500, making it overpriced by €111,500 (44.0%). This disparity indicates a considerable premium over what the property is realistically worth.
Fair value modelled at €253,500 from 6 comparable sales in the area. Asking €365,000 sits €111,500 (44.0%) above — overpriced versus fair value.
Asking €365,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €239,922 (€4,614/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €239,922, adjusted for condition and micro-location, gives a modelled fair value of €253,500 (€4,875/m²), a €111,500 (44.0%) gap versus the €365,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 83111e | Subject | €365,000 | €7,019 | — | 75 | 73 |
| São Gonçalo de Lagos · 652f5f | Active | €465,000 | €5,000 | 28.8% | 72 | 71 |
| São Gonçalo de Lagos · dee54a | Active | €350,000 | €6,604 | 5.9% | 72 | 74 |
| São Gonçalo de Lagos · 956963 | Active | €380,000 | €4,750 | 32.3% | 76 | 80 |
| rua das Quintas | Active | €690,000 | €6,970 | 0.7% | 83 | 74 |
| Median comp | €422,500 | €5,802 | 17.3% | 74 | 74 |
Short-term vacation rental A short-term vacation rental strategy for this 1-bed apartment in São Gonçalo de Lagos appears less favorable given the 44.0% gap from fair value, resulting in a relatively low gross yield of 2.9%. Despite prime tourist amenities nearby, the high purchase price limits potential profitability in this overly competitive market. Buy-and-hold Holding this property as a long-term investment is questionable, as it is current priced 44.0% above its estimated fair value of €253,500. The reliance on tourism for economic stability in the area suggests that rental income may not sufficiently cover costs, especially given the low yield of 2.9%. Long-term rental Choosing a long-term rental strategy is not advisable due to the property being overpriced by 44.0%, leading to a lower expected return compared to its fair value. While the area has acceptable amenities, the economic reliance on tourism may not yield steady demand for long-term tenants at this inflated price.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk, suggesting potential fluctuations in local economic conditions could affect property performance.
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