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, 1-bathroom apartment of 99 m² on the 3rd floor, energy rating E. Located on rua Doutor Fonseca de Almeida, Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. Noteworthy Features: This apartment uniquely includes a versatile enclosed glass veranda that can serve as an office or storage, alongside a spacious west-facing balcony for enjoying sunset meals.
The valuation. The asking price of €279,000 is below the fair value of €320,833, indicating an opportunity as it is priced €41,833 (13.0%) under fair value. This property is rightly considered underpriced.
Fair value modelled at €320,833 from 5 comparable sales in the area. Asking €279,000 sits €41,833 (13.0%) below — the upside to fair value.
Asking €279,000 versus the rua Doutor Fonseca de Almeida area baseline of €291,444 (€2,944/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 77/100 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 €291,444, adjusted for condition and micro-location, gives a modelled fair value of €320,833 (€3,241/m²), a €41,833 (13.0%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Fonseca de Almeida | Subject | €279,000 | €2,818 | — | 80 | 72 |
| rua 16 de Janeiro, 1 | Active | €250,000 | €3,247 | 15.2% | 72 | 73 |
| urbanização Fazenda Grande | Active | €295,000 | €3,041 | 7.9% | 72 | 71 |
| Lagoa e Carvoeiro · 133b61 | Active | €380,000 | €3,725 | 32.2% | 72 | 63 |
| rua Francisco Sá Carneiro S / N | Active | €350,000 | €3,241 | 15.0% | 70 | 75 |
| Median comp | €322,500 | €3,244 | 15.1% | 72 | 72 |
Short-term vacation rental This property is well-positioned for short-term vacation rentals, capitalizing on the Algarve's strong tourism appeal and projected yield of 4.2%. With a fair value of €320,833 indicating a 13.0% gap, future appreciation is likely as demand for vacation accommodations continues. Buy-and-hold Acquiring this apartment as a buy-and-hold investment is strategic, given its favorable condition rating of 77/100 and a gap of €41,833 from fair value. The consistent demand in Lagoa e Carvoeiro suggests stable returns will be realized over time as the property appreciates. Family rental This apartment is a suitable option for family rentals, benefiting from decent neighborhood ratings and a fair market value that indicates room for growth. Its gross yield of 4.2% further supports steady cash flow opportunities in a family-oriented area within the Algarve.
Economic Vulnerability The property is exposed to potential economic downturns with a moderate economic stability score of 65/100, which could affect rental income and long-term tenant retention.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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