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: The apartment includes a dedicated parking space in a secure garage and a good-sized private storage room, enhancing convenience and practicality for residents.
The valuation. The asking price of €465,000 sits below the fair value of €510,714, representing a difference of €45,714 (9.0%). Overall, this property is fairly priced, providing a strong investment opportunity.
Fair value modelled at €510,714 from 3 comparable sales in the area. Asking €465,000 sits €45,714 (9.0%) below — the upside to fair value.
Asking €465,000 versus the Luz, Lagos, Faro area baseline of €501,232 (€4,557/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 €501,232, adjusted for condition and micro-location, gives a modelled fair value of €510,714 (€4,643/m²), a €45,714 (9.0%) gap versus the €465,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Luz · a80abc | Subject | €465,000 | €4,227 | — | 72 | 73 |
| 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 |
| Median comp | €520,000 | €4,643 | 9.8% | 78 | 71 |
Short-term vacation rental The 2-bed apartment in Luz, Lagos, presents a fair opportunity within the short-term vacation rental market, capitalizing on the area's strong tourist appeal and seasonal demand. With a gross yield of 4.2%, this investment aligns well with the expected rental income generated during peak tourist seasons. Long-term rental While the property is fairly priced at €465,000, the long-term rental strategy can still provide stable income, as the attractive location continues to draw renters seeking quality housing in the Algarve region. However, the yield of 4.2% indicates modest returns that should be weighed against the local market dynamics. Buy-and-hold Investing in this 2-bed apartment as a buy-and-hold strategy could result in solid long-term value appreciation, given the fair valuation of €465,000 compared to its fair market value. This is particularly relevant in the tourist-driven economy of Lagos, which may see rental demand grow over time, despite its current pricing being neither a bargain nor overly attractive in terms of immediate investment appeal.
Economic Vulnerability The property faces a risk due to its economic stability score of 65/100, indicating potential challenges in the local economy that may affect rental income and property value.
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