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 127 m², built in 1999, energy rating D. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features a spacious open-concept kitchen with an island, seamlessly integrating with the living area and offering direct access to a generous south-facing balcony with marina views.
The valuation. The asking price of €650,000 sits below the fair value of €729,574, indicating the property is underpriced by €79,574 (10.9%). This presents a compelling opportunity for savvy investors.
Fair value modelled at €729,574 from 5 comparable sales in the area. Asking €650,000 sits €79,574 (10.9%) below — the upside to fair value.
Asking €650,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €664,593 (€5,233/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 €664,593, adjusted for condition and micro-location, gives a modelled fair value of €729,574 (€5,745/m²), a €79,574 (10.9%) gap versus the €650,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 82902e | Subject | €650,000 | €5,118 | — | 88 | 70 |
| largo da República | Active | €650,000 | €4,710 | 8.0% | 82 | 70 |
| rua das Quintas | Active | €690,000 | €6,970 | 36.2% | 83 | 74 |
| urbanização Marina Marina de Lagos | Active | €665,000 | €4,750 | 7.2% | 82 | 66 |
| São Gonçalo de Lagos · 652fe6 | Active | €540,000 | €5,745 | 12.2% | 92 | 73 |
| Median comp | €657,500 | €5,248 | 2.5% | 83 | 72 |
Long-term rental With a fair value of €729,574, this 2-bed apartment in Lagos sits at a listing price of €650,000, indicating it is underpriced by 10.9%. The 3.3% gross yield is sustainable in the context of rising housing demand influenced by Algarve's robust tourism sector. Short-term vacation rental Given its underpriced status and proximity to key tourist attractions in Algarve, this property could generate a solid return through short-term vacation rentals. The strong tourism demand complements the 86/100 condition rating, making it an attractive option for guests seeking quality accommodation. Family rental The favorable location and underpriced status create an appealing opportunity for securing long-term family tenants. With a good condition rating of 86/100 and a neighborhood score of 70/100, this property is well-suited for families looking for stability in a popular region.
Economic Vulnerability The economic stability score of 60/100 indicates a potential risk of fluctuations in local market conditions, which may affect the property's revenue generation ability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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