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 80 m² on the 1st floor. Located on rua da Escola Primária, 108, Luz parish, Lagos municipality, Faro district. Noteworthy Feature: The apartment boasts high-quality materials throughout, contributing to its contemporary aesthetic, while the living area provides direct access to a spacious balcony for outdoor enjoyment.
The valuation. The asking price of €360,000 sits 4.3% above the fair value of €345,266. This indicates a fair market condition for the property based on current valuations.
Fair value modelled at €345,266 from 6 comparable sales in the area. Asking €360,000 sits €14,734 (4.3%) above — overpriced versus fair value.
Asking €360,000 versus the rua da Escola Primária, 108 area baseline of €337,516 (€4,219/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €337,516, adjusted for condition and micro-location, gives a modelled fair value of €345,266 (€4,316/m²), a €14,734 (4.3%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Escola Primária, 108 | Subject | €360,000 | €4,500 | — | 75 | 72 |
| rua 25 de Abril | Active | €430,000 | €4,388 | 2.5% | 78 | 70 |
| rua 25 de Abril, 5 | Active | €420,000 | €4,421 | 1.8% | 78 | 63 |
| Luz · 6ebb79 | Active | €520,000 | €4,643 | 3.2% | 78 | 73 |
| beco José Ribeiro Lopes | Active | €569,900 | €3,275 | 27.2% | 85 | 68 |
| Median comp | €475,000 | €4,405 | 2.1% | 78 | 69 |
Short-term vacation rental Given its strategic location in a tourist-friendly area of the Algarve, this property can achieve a gross yield of 5.1%, appealing to investors seeking vacation rental opportunities. However, with a fair market value of €345,266 versus the listing price of €360,000, the property is fairly priced but may require careful consideration of the competitive market. Buy-and-hold Investors considering a buy-and-hold strategy might find this property attractive due to its solid neighborhood score of 72/100, suggesting decent tenant quality and amenities. However, the margin above fair value requires a thorough analysis of potential long-term appreciation in a tourism-driven economy. Family rental This 2-bed apartment could serve as a suitable family rental due to its reasonable condition rating of 79/100 and a neighborhood that supports a stable living environment. Nonetheless, the property is priced 4.3% above its fair value, which may impact its profitability in the family rental market.
Economic vulnerability With an economic stability score of 65/100, there is a heightened risk of economic downturns negatively impacting rent collection and property value appreciation.
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