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 114 m², energy rating C. Located Lagos municipality, Faro district. Noteworthy Features: The apartment includes a separate self-contained unit with a fitted kitchenette, ideal for guests or extended family, enhancing its versatility and appeal in the vibrant town center.
The valuation. The asking price of €550,000 sits just €14,607 (2.7%) above the fair value of €535,393, indicating a property correctly priced within the market without excessive inflation in costs.
Fair value modelled at €535,393 from 6 comparable sales in the area. Asking €550,000 sits €14,607 (2.7%) above — overpriced versus fair value.
Lagos, Faro area median of €466,260 (€4,090/m²) for a property of this size — the starting reference point before comparable sales are factored in.
6 comparable sales in the area adjust the estimate by +€69,133 versus the parish baseline.
Parish baseline €466,260 +€69,133 comparables adjustment = modelled fair value of €535,393 (€4,696/m²), a €14,607 (2.7%) gap versus the €550,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| 8317aa | Subject | €550,000 | €4,825 | — | 75 | 68 |
| Odiáxere · 8ee711 | Active | €585,000 | €4,643 | 3.8% | 75 | 71 |
| rua da Galé, 23C | Active | €410,000 | €3,796 | 21.3% | 72 | 74 |
| rua Luís de Stau Monteiro S / N | Active | €580,000 | €5,088 | 5.5% | 72 | 75 |
| rua do Barinel, 3 | Active | €780,000 | €5,098 | 5.7% | 83 | 73 |
| Median comp | €582,500 | €4,866 | 0.8% | 74 | 74 |
Short-term vacation rental The property could potentially serve as a short-term vacation rental given its proximity to Algarve beaches, although the yield is presently at 0%. With a fair value closely aligned to the listing price, this investment might not yield significant returns immediately but can still attract tourists due to its residential nature and low crime rates. Buy-and-hold Holding onto this property may provide stability in a desirable area, yet with a market yield of 0%, investors should consider the opportunity cost of capital. As it currently stands at a fair valuation, future economic growth in the region could enhance value, albeit at a more tempered pace compared to high-yielding investments. Family rental With an adequate condition score of 79/100, this property could appeal to families looking for a home in a low-crime area, although the passive income potential is limited by the 0% yield. The 68/100 neighbourhood score suggests that while it may attract families, competition in family rentals may limit pricing power, given its fair valuation.
Economic Vulnerability The economic stability score of 60 suggests a heightened risk of fluctuations in market conditions that could impact the property's financial performance. Tenant Instability With a tenant stability score of 65, there is a moderate risk of tenant turnover, which may lead to potential vacancies and loss of 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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