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 173 m², built in 2012. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This apartment boasts direct access to two private balconies, offering ample outdoor space for relaxation and entertaining, along with a secure parking space in an underground garage.
The valuation. The asking price of €560,000 is 8.7% below the fair value of €613,050, indicating that this property is positioned fairly within the market. This slight discount may attract potential buyers looking for value. Buy-to-flip angle. The buy-to-flip strategy could capitalize on the popular tourist destination of Lagos, aiming to generate a profit by refurbishing and reselling the property within a burgeoning market. Given its high-quality finishes, an appreciation in resale value could be expected. Buy-to-let angle. The rental income strategy involves utilizing the property as a short-term vacation rental, supported by an estimated gross yield of 2.9% at €1,353 per month, tapping into the lucrative tourism sector of the Algarve.
Fair value modelled at €613,050 from 6 comparable sales in the area. Asking €560,000 sits €53,050 (8.7%) below — the upside to fair value.
Asking €560,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €536,099 (€3,099/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €536,099, adjusted for condition and micro-location, gives a modelled fair value of €613,050 (€3,544/m²), a €53,050 (8.7%) gap versus the €560,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · ee8862 | Subject | €560,000 | €3,237 | — | 80 | 70 |
| estrada da Meia Praia | Active | €470,000 | €4,653 | 43.8% | 75 | 64 |
| São Gonçalo de Lagos · 4a7df4 | Active | €495,000 | €3,613 | 11.6% | 78 | 70 |
| Luz · f35fc5 | Active | €436,000 | €3,574 | 10.4% | 74 | 71 |
| São Gonçalo de Lagos · ba3ebe | Active | €520,000 | €3,514 | 8.5% | 73 | 71 |
| Median comp | €482,500 | €3,594 | 11.0% | 75 | 71 |
Short-term vacation rental With tourism being a key economic driver in the Algarve, this property could attract vacationers looking for spacious accommodations in São Gonçalo de Lagos, albeit at a fair price relative to its market value. However, the gross yield of 2.9% indicates that the revenue potential may not fully justify the investment at this price point. Buy-and-hold Investing in this property would align with a buy-and-hold strategy in a tourism-centric region, offering stability due to ongoing demand in the Algarve. Nevertheless, the fair valuation suggests limited immediate upside, which may impact long-term growth potential. Family rental This property could serve as a family rental, given its spacious layout and decent condition rating of 82/100; however, the neighborhood score of 70/100 implies that it may not be the most desirable area. The yield of 2.9% suggests moderate returns, but with a fair value alignment, the investment may lack the urgency typically sought in rental properties.
Economic vulnerability With an economic stability score of 65, there is a significant risk of fluctuating market conditions impacting rental demand and property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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