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 174 m², energy rating C. Located on beco José Ribeiro Lopes, 2, Luz parish, Lagos municipality, Faro district. This apartment features a generous 100 m² south-facing terrace, perfect for year-round outdoor living, complemented by an automatic irrigation system for effortless garden maintenance.
The valuation. The asking price of €569,900 is significantly below the fair value of €735,545, reflecting a difference of €165,645 (22.5%). This indicates the property is subvalued in the current market.
Fair value modelled at €735,545 from 3 comparable sales in the area. Asking €569,900 sits €165,645 (22.5%) below — the upside to fair value.
Asking €569,900 versus the beco José Ribeiro Lopes, 2 area baseline of €714,470 (€4,106/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €714,470, adjusted for condition and micro-location, gives a modelled fair value of €735,545 (€4,227/m²), a €165,645 (22.5%) gap versus the €569,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| beco José Ribeiro Lopes, 2 | Subject | €569,900 | €3,275 | — | 80 | 68 |
| Luz · cc9a04 | Active | €465,000 | €4,227 | 29.1% | 78 | 66 |
| São Gonçalo de Lagos · 652f5f | Active | €465,000 | €5,000 | 52.7% | 72 | 71 |
| Luz · 83118b | Active | €465,000 | €4,227 | 29.1% | 75 | 72 |
| Median comp | €465,000 | €4,227 | 29.1% | 75 | 71 |
Short-term vacation rental This 2-bed apartment in Luz, Lagos exhibits a significant gap from its fair value, making it an appealing option for short-term vacation rentals that capitalize on the area's tourist influx. With a condition score of 85/100, the property is well-positioned to attract visitors seeking quality accommodations. Buy-and-hold Investing in this property presents a strong buy-and-hold opportunity given its attractive pricing relative to fair value, allowing for potential appreciation over time. Additionally, the neighborhood's decent rating of 68/100 suggests a stable environment that can support property value growth. Long-term rental While the gross yield currently sits at 0%, the apartment's pricing points to a favorable long-term rental investment, as it offers room for rental price increases in the future. The favorable condition score enhances tenant attractiveness, which can lead to consistent occupancy rates and rental income growth.
Economic Vulnerability The economic stability score of 55/100 indicates a potential for sudden downturns that may affect rental income and property values negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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