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. Unique Feature: The apartment's private orientation ensures unobstructed views of the resort gardens, providing both tranquility and a touch of luxury rarely found in similar properties. Additional Notes: On-site management offers investors a hassle-free rental income strategy.
The valuation. The asking price of €465,000 sits below the fair value of €510,714, indicating a premium of €45,714 (9.0%). This positions the property favorably within the market.
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 €499,396 (€4,540/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €499,396, 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 · cc9a04 | Subject | €465,000 | €4,227 | — | 78 | 66 |
| 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 This property aligns with the tourism-driven economy of Luz, Lagos, providing a reasonable gross yield of 4.2%. However, its fair value slightly exceeds the current listing price, indicating that while it may generate steady rental income, it is not selling at a significant bargain. Long-term rental The property is well-positioned for long-term rental in a neighborhood rated 66/100, appealing for its proximity to local amenities and stable demand. With its fair valuation just above the asking price, investors should be cautious, as the yield of 4.2% reflects a typical return without indicating an exceptional opportunity. Buy-and-hold Investing in this property for long-term appreciation could be worthwhile given the local market's stability, but the current pricing at €465,000 presents a limited upside, with fair value sitting at €510,714. As a buy-and-hold strategy, the property may offer steady returns, though the market conditions suggest a need for patience rather than immediate value gains.
Economic and Tenant Stability Risk The property has both economic and tenant stability scores at 60/100, indicating a moderate risk of potential vacancy and reduced 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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