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 penthouse of 250 m². Located Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. Noteworthy Features: The penthouse includes electric garage doors for secure underground parking and private key access to the penthouse level via lift, enhancing privacy and ease of access.
The valuation. The asking price of €450,000 sits €358,824 (44.4%) below the fair value of €808,824, making this property significantly underpriced. This discrepancy offers a solid investment opportunity for discerning buyers.
Fair value modelled at €808,824 from 5 comparable sales in the area. Asking €450,000 sits €358,824 (44.4%) below — the upside to fair value.
Asking €450,000 versus the Lagoa e Carvoeiro, Lagoa, Faro area baseline of €705,638 (€2,823/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is below the parish average, reducing 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 €705,638, adjusted for condition and micro-location, gives a modelled fair value of €808,824 (€3,235/m²), a €358,824 (44.4%) gap versus the €450,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Lagoa e Carvoeiro · cc9a0c | Subject | €450,000 | €1,800 | — | 74 | 71 |
| Estômbar e Parchal · 438eeb | Active | €395,000 | €2,782 | 54.5% | 78 | 73 |
| rua Francisco L. M. Veloso | Active | €590,000 | €2,296 | 27.5% | 80 | 72 |
| rua Carlos Alberto Correia Ribeiro | Active | €295,000 | €3,430 | 90.6% | 65 | 73 |
| rua Francisco Sá Carneiro S / N | Active | €350,000 | €3,241 | 80.0% | 70 | 75 |
| Median comp | €372,500 | €3,012 | 67.3% | 74 | 73 |
Short-term vacation rental This property is well-positioned to leverage the Algarve's vibrant tourism sector, which significantly boosts the short-term rental market. With a fair value gap of 44.4%, this penthouse presents an attractive opportunity for investors seeking higher returns in a seasonal market. Long-term rental Although the penthouse currently has a gross yield of 0%, its fair value well exceeds the listing price, indicating potential for future appreciation. The property's suitable condition and location can attract quality tenants looking for spacious living in a desirable neighborhood. Buy-and-hold Investing in this property allows for a long-term strategy given its fair value of €808,824, providing a significant upward potential against the listing price. Holding this penthouse can lead to appreciation as the housing market strengthens, particularly in a region benefiting from tourism-driven demand.
Tenant turnover risk With both economic stability and tenant stability scores at 65/100, there is a heightened risk of tenant turnover, which can impact rental income stability and increase vacancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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