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, 24, Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. Enjoy a spacious balcony with unobstructed views, enhancing outdoor living in this stylish, move-in ready apartment located centrally in Lagoa e Carvoeiro.
The valuation. The asking price of €279,000 sits at €22,082 (7.3%) below the fair value of €301,082, indicating the property is well positioned in the market and is reasonably valued based on its given condition and amenities.
Fair value modelled at €301,082 from 3 comparable sales in the area. Asking €279,000 sits €22,082 (7.3%) below — the upside to fair value.
Asking €279,000 versus the rua Doutor Fonseca de Almeida, 24 area baseline of €244,636 (€2,471/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 €244,636, adjusted for condition and micro-location, gives a modelled fair value of €301,082 (€3,041/m²), a €22,082 (7.3%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Fonseca de Almeida, 24 | Subject | €279,000 | €2,818 | — | 80 | 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 |
| Median comp | €287,500 | €3,041 | 7.9% | 72 | 71 |
Short-term vacation rental The property’s location in Algarve, a top tourist destination, supports a strong short-term rental market, yielding a gross return of 4.1%. However, with a fair value of €301,082, priced at €279,000, the 7.3% gap indicates this investment aligns with property values, but it is not an opportunistic buy. Long-term rental With a favorable neighborhood score of 74/100 and a solid condition rating of 86/100, this apartment is suited for long-term rental prospects, though the 4.1% yield is moderately competitive. At a listing price of €279,000, it sits fairly close to fair value, signaling steady but not exceptional rental income potential. Buy-and-hold Investing in this property as a buy-and-hold strategy can provide stability given its good condition and desirability of the Algarve region, which is bolstered by low crime rates. However, with a fair market value at €301,082 and a current price only marginally below that, it may not represent the value-creating opportunity typically sought for long-term appreciation.
Economic Sensitivity The property has a moderate economic stability score of 65/100, indicating potential vulnerability to economic downturns that could affect rental income and occupancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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