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 110 m², built in 2003. Located Luz parish, Lagos municipality, Faro district. Noteworthy Features: This apartment boasts a secure ground-floor garage with a dedicated parking space, plus a good-sized private storage room for added convenience. Amenities: Residents enjoy access to an adults-only pool and tennis courts within the resort.
The valuation. The asking price of €465,000 sits €104,718 (29.1%) above the fair value of €360,282, indicating the property is overpriced. This discrepancy suggests a reassessment of the investment's overall potential is necessary.
Fair value modelled at €360,282 from 5 comparable sales in the area. Asking €465,000 sits €104,718 (29.1%) above — overpriced versus fair value.
Asking €465,000 versus the Luz, Lagos, Faro area baseline of €350,743 (€3,189/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €350,743, adjusted for condition and micro-location, gives a modelled fair value of €360,282 (€3,275/m²), a €104,718 (29.1%) gap versus the €465,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Luz · a8058b | Subject | €465,000 | €4,227 | — | 72 | 65 |
| São Gonçalo de Lagos · 652f5f | Active | €465,000 | €5,000 | 18.3% | 72 | 71 |
| Luz · 6ebb79 | Active | €520,000 | €4,643 | 9.8% | 78 | 73 |
| beco José Ribeiro Lopes | Active | €569,900 | €3,275 | 22.5% | 85 | 68 |
| rua Hermano M. Seromenho | Active | €430,000 | €3,258 | 22.9% | 70 | 72 |
| Median comp | €492,500 | €3,959 | 6.3% | 75 | 72 |
Short-term vacation rental Due to its location in the tourist-heavy Algarve, this property would struggle to compete effectively against better-valued options on the market. With an overpriced listing of €465,000 representing a 29.1% gap from its fair value of €360,282, potential yields of 4.2% gross do not justify the investment risk in the competitive vacation rental landscape. Buy-and-hold This buy-and-hold investment appears less attractive given the current valuation of €465,000, which exceeds the fair value by 29.1%. The anticipated yield of 4.2% gross fails to compensate for the premium price, suggesting that future appreciation may not offset the initial overvaluation. Family rental Acquiring this property for family rental purposes presents significant economic downsides due to its overpriced nature at €465,000, compared to the fair value of €360,282. Additionally, the neighborhood's quality rating of 65/100 raises concerns about long-term tenant satisfaction in a property that is already overvalued. Not ideal for: Student housing, Luxury market, Long-term rental
Economic Vulnerability The property faces economic instability due to a low score of 55/100, indicating potential challenges in sustaining tenant demand and property value.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
