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 76 m², built in 2005. Located Odiáxere parish, Lagos municipality, Faro district. Noteworthy Features: This apartment includes dual private balconies with stunning sea views, enhancing the outdoor living experience and providing direct sunlight throughout the bright living spaces.
The valuation. The asking price of €495,000 exceeds the fair value of €369,762 by €125,238 (33.9%), indicating that the property is overpriced. Buy-to-flip angle. A buy-to-flip strategy may face challenges due to the high asking price, requiring significant appreciation to realize profits. Buy-to-let angle. With a gross yield of 0%, the rental income strategy would potentially yield no cash flow, making it a less attractive investment for buy-and-hold purposes.
Fair value modelled at €369,762 from 6 comparable sales in the area. Asking €495,000 sits €125,238 (33.9%) above — overpriced versus fair value.
Asking €495,000 versus the Odiáxere, Lagos, Faro area baseline of €318,544 (€4,191/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 80/100 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 €318,544, adjusted for condition and micro-location, gives a modelled fair value of €369,762 (€4,865/m²), a €125,238 (33.9%) gap versus the €495,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Odiáxere · 80049d | Subject | €495,000 | €6,513 | — | 78 | 75 |
| Odiáxere · 828f56 | Active | €595,000 | €9,297 | 42.7% | 87 | 73 |
| São Gonçalo de Lagos · 23f2d3 | Active | €400,000 | €4,301 | 34.0% | 74 | 78 |
| Odiáxere · 8ee711 | Active | €585,000 | €4,643 | 28.7% | 75 | 71 |
| Odiáxere · 4a7e18 | Active | €530,000 | €10,000 | 53.5% | 90 | 73 |
| Median comp | €557,500 | €6,970 | 7.0% | 81 | 73 |
Short-term vacation rental While Odiáxere's proximity to tourist hotspots makes it an appealing option for a short-term vacation rental, the current listing price of €495,000 significantly exceeds the fair value of €369,762, resulting in a 33.9% gap that diminishes the potential for a profitable investment. Additionally, the 0% gross yield indicates that this property may not generate consistent cash flow to offset its high initial cost. Buy-and-hold Investing in this property with a buy-and-hold strategy does not align with sound financial principles, as its valuation of €495,000 is markedly higher than the fair value of €369,762, presenting a 33.9% overpricing issue. Given the yield of 0% and the reliance on seasonally driven tourism, the investment may struggle to appreciate in value effectively. Luxury market Targeting the luxury market for this Odiáxere apartment is questionable since the current asking price of €495,000 surpasses its fair market value of €369,762 by 33.9%, indicating a significant pricing issue. Furthermore, the non-existent yield and varying tenant quality in a tourism-dependent area suggest that this property may not attract luxury buyers willing to pay a premium in a declining economic landscape.
Economic Dependence Risk A moderate economic stability score of 65 suggests potential vulnerabilities in local economic conditions that could impact 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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