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, built in 1977, energy rating E. Located on rua Doutor Fonseca de Almeida, Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. Noteworthy Features: This fully renovated apartment includes a practical sunroom off the kitchen, enhancing the usable space and providing an additional source of natural light.
The valuation. The asking price of €279,000 is below the fair value of €320,833, representing an opportunity for investors as the property is subvalued by €41,833 (13.0%).
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 €249,545 (€2,521/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 €249,545, 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 | — | 88 | 74 |
| 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 |
| rua Josè António dos Reis Dàmaso, 47 | Active | €287,500 | €2,712 | 3.8% | 80 | 69 |
| Lagoa e Carvoeiro · 133b61 | Active | €380,000 | €3,725 | 32.2% | 72 | 63 |
| Median comp | €291,250 | €3,144 | 11.6% | 72 | 70 |
Long-term rental The 2-bed apartment in Lagoa is well-positioned for long-term rentals, with a gross yield of 4.1%, indicating solid income potential. Given the property's solid condition (86/100) and the area's appeal due to its proximity to the Algarve coast, this investment is attractive for stable rental income. Short-term vacation rental With the booming tourism industry in the Algarve, this apartment is an excellent candidate for short-term vacation rentals, which could capitalize on the 13.0% gap to fair value. The neighborhood's decent quality (74/100) and the apartment's high condition score (86/100) further enhance its attractiveness to holidaymakers. Family rental Given its size and amenities, this property is suitable for family rentals, where the spacious 99m² layout can comfortably accommodate family needs. The local market trends in Lagoa also support family-friendly living environments, making it a viable option for tenants seeking long-term residence in a desirable area.
Economic Vulnerability The economic stability score of 65 indicates a potential risk of fluctuating market conditions impacting rental income 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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