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.
1-bedroom, 1-bathroom apartment of 64 m². Located Odiáxere parish, Lagos municipality, Faro district. This apartment features a private terrace with both covered and open sections, perfect for enjoying the stunning views and the seamless blend with nature.
The valuation. The asking price of €595,000 is significantly above the fair value of €338,180, reflecting a disparity of €256,820 (75.9%). This property is considered overpriced, presenting a challenge for potential investors seeking immediate value appreciation.
Fair value modelled at €338,180 from 6 comparable sales in the area. Asking €595,000 sits €256,820 (75.9%) above — overpriced versus fair value.
Asking €595,000 versus the Odiáxere, Lagos, Faro area baseline of €286,486 (€4,476/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 86/100 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 €286,486, adjusted for condition and micro-location, gives a modelled fair value of €338,180 (€5,284/m²), a €256,820 (75.9%) gap versus the €595,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Odiáxere · 828f56 | Subject | €595,000 | €9,297 | — | 87 | 73 |
| São Gonçalo de Lagos · 83111e | Active | €365,000 | €7,019 | 24.5% | 75 | 73 |
| São Gonçalo de Lagos · dee54a | Active | €350,000 | €6,604 | 29.0% | 72 | 74 |
| São Gonçalo de Lagos · 49b7ca | Active | €385,000 | €5,133 | 44.8% | 78 | 76 |
| São Gonçalo de Lagos · 23f2d3 | Active | €400,000 | €4,301 | 53.7% | 74 | 78 |
| Median comp | €375,000 | €5,869 | 36.9% | 75 | 75 |
Short-term vacation rental The property is overpriced at €595,000, significantly exceeding the fair value of €338,180, indicating a substantial risk for investment. With a gross yield of 0%, it is unlikely to generate the expected returns typical for short-term rentals in a tourist-centric area. Buy-and-hold Investing in this property as a buy-and-hold strategy is not advisable given its 75.9% gap from fair value, which suggests potential for significant equity loss. Even though the condition rating is high at 86/100, the current price renders it a poor long-term investment. Long-term rental This apartment does not present a viable long-term rental opportunity due to its overpriced status, reflected in the significant disparity from fair value. The lack of rental yield further emphasizes the financial impracticality of holding this property in a primarily tourist market.
Economic Vulnerability The economic stability score of 65/100 indicates a moderate risk due to potential fluctuations in the local economy that could affect tenant demand and 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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