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.
3-bedroom, 2-bathroom house of 80 m². Located on rua da Azenha, 29, Odiáxere parish, Lagos municipality, Faro district. This property boasts expansive grounds planted with mature citrus trees and a large rooftop terrace providing 360° panoramic views of the surrounding Monchique mountains.
The valuation. The asking price of €765,000 significantly exceeds the fair value of €280,992 by €484,008, or 172.3%. This property is definitively overpriced.
Fair value modelled at €280,992 from 6 comparable sales in the area. Asking €765,000 sits €484,008 (172.3%) above — overpriced versus fair value.
Asking €765,000 versus the rua da Azenha, 29 area baseline of €235,556 (€2,944/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 is below the parish average, reducing 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 €235,556, adjusted for condition and micro-location, gives a modelled fair value of €280,992 (€3,512/m²), a €484,008 (172.3%) gap versus the €765,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Azenha, 29 | Subject | €765,000 | €9,563 | — | 74 | 75 |
| urbanização Vale da Lama | Active | €1,250,000 | €6,313 | 34.0% | 76 | 67 |
| Mexilhoeira Grande · 956c8c | Active | €549,000 | €4,323 | 54.8% | 74 | 70 |
| jardim da Meia Praia | Active | €425,000 | €3,512 | 63.3% | 75 | 66 |
| Mexilhoeira Grande · 375001 | Active | €499,000 | €3,395 | 64.5% | 72 | 71 |
| Median comp | €524,000 | €3,918 | 59.0% | 75 | 69 |
Short-term vacation rental This property is not suitable for short-term vacation rentals given its significantly overpriced listing at €765,000 compared to a fair value of €280,992, creating a substantial gap of 172.3%. Additionally, with a gross yield of 0%, the potential for generating rental income in this market is virtually nonexistent. Buy-and-hold Investing in this property as a buy-and-hold strategy is ill-advised, as the current price reflects an overvaluation that far exceeds its fair value. The 0% gross yield and exorbitant listing price of €765,000 indicate that long-term investment returns would be severely compromised in this case. Family rental This property is overpriced at €765,000, which diminishes its attractiveness for family rentals despite a decent neighbourhood score of 75/100. The lack of rental yield combined with the price overage makes it an unsuitable option for families seeking cost-effective housing solutions.
Economic Vulnerability The property faces a potential risk due to a lower economic stability score of 65/100, which may indicate fluctuations in rental income and market 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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