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 115 m², built in 1986, energy rating D. Located on rua Doctor Francisco Sá Carneiro, 39 5ºA, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This apartment boasts two balconies with unobstructed views, enhancing indoor-outdoor living, and is conveniently located next to the Lagos Skate Park for recreational activities.
The valuation. The asking price of €385,000 sits €22,553 (5.5%) below the fair value of €407,553, indicating the property is priced fairly within the market context. This presents a reasonable opportunity for buyers seeking value without overreach.
Fair value modelled at €407,553 from 6 comparable sales in the area. Asking €385,000 sits €22,553 (5.5%) below — the upside to fair value.
Asking €385,000 versus the rua Doctor Francisco Sá Carneiro, 39 5ºA area baseline of €441,347 (€3,838/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 60/100 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 €441,347, adjusted for condition and micro-location, gives a modelled fair value of €407,553 (€3,544/m²), a €22,553 (5.5%) gap versus the €385,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doctor Francisco Sá Carneiro, 39 5ºA | Subject | €385,000 | €3,348 | — | 62 | 73 |
| São Gonçalo de Lagos · 6fbc43 | Active | €330,000 | €2,538 | 24.2% | 66 | 70 |
| São Gonçalo de Lagos · 3d9a88 | Active | €379,000 | €3,790 | 13.2% | 70 | 73 |
| São Gonçalo de Lagos · 938629 | Active | €310,000 | €3,298 | 1.5% | — | 74 |
| rua General Humberto Delgado, 1 | Active | €360,000 | €3,077 | 8.1% | 70 | 70 |
| Median comp | €345,000 | €3,188 | 4.8% | 70 | 72 |
Short-term vacation rental With a gross yield of 4.6%, this property in São Gonçalo de Lagos offers potential for short-term vacation rentals, attributed to the strong tourism influence in the area. The neighbourhood's amenities and the presence of expats and tourists sustain a steady demand for such rental options. Buy-and-hold Investing in a buy-and-hold strategy for this apartment could yield moderate returns over time due to its fair market value, with a slight gap of 5.5% compared to the fair value. The stable tenant quality, bolstered by a low crime rate and desirable community features, may enhance long-term appreciation prospects. Long-term rental Given the solid tenant quality and a safe neighbourhood, this property fits well into a long-term rental strategy with a yield of 4.6%. Although the property is considered fair at its current price, its appeal to both locals and tourists can provide a reliable rental stream over time.
Tenant turnover risk The tenant stability score of 70/100 suggests a moderate likelihood of tenant turnover, which could lead to increased vacancies and decreased income stability.
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