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.
1-bedroom, 1-bathroom apartment of 90 m² on the 3rd floor, built in 1988, energy rating E. Located on rua Doutor Fonseca de Almeida, Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. This apartment features a private balcony and access to a largely unused communal terrace, ideal for sunbathing or outdoor entertaining in the heart of Lagoa.
The valuation. The asking price of €279,000 sits €25,364 above the fair value of €253,636, representing a 10.0% premium. This positions the property at a fair valuation within the current market landscape.
Fair value modelled at €253,636 from 6 comparable sales in the area. Asking €279,000 sits €25,364 (10.0%) above — overpriced versus fair value.
Asking €279,000 versus the rua Doutor Fonseca de Almeida area baseline of €221,656 (€2,463/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 83/100 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 €221,656, adjusted for condition and micro-location, gives a modelled fair value of €253,636 (€2,818/m²), a €25,364 (10.0%) gap versus the €279,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Fonseca de Almeida | Subject | €279,000 | €3,100 | — | 80 | 70 |
| rua Doutor Fonseca de Almeida, 7 | Active | €279,000 | €2,818 | 9.1% | 76 | 73 |
| rua Doutor Fonseca de Almeida | Active | €279,000 | €2,818 | 9.1% | 88 | 74 |
| rua Doutor Fonseca de Almeida, 24 | Active | €279,000 | €2,818 | 9.1% | 80 | 74 |
| rua Doutor Fonseca de Almeida | Active | €279,000 | €2,818 | 9.1% | 80 | 72 |
| Median comp | €279,000 | €2,818 | 9.1% | 80 | 74 |
Short-term vacation rental The property in Lagoa e Carvoeiro stands at €279,000, which aligns closely with its fair value of €253,636, indicating a fair market positioning. Given the Algarve's popularity for short-term rentals and the unit's potential gross yield of 3.6%, this could serve as a reasonable investment for vacation enthusiasts. Buy-and-hold While the current listing price reflects a fair value situation, the overall yield of 3.6% suggests limited immediate profitability for long-term buy-and-hold investors. The modest condition rating of 83/100 supports the idea that long-term value growth is possible without significant renovations or upgrades. Family rental With a fair value assessment, this 1-bed apartment may be reasonably appealing for family rental purposes, though the neighbourhood's rating of 70/100 indicates it may not attract higher-quality tenants. Additionally, while the location offers balanced amenities, the adequacy of local schools may further limit its attractiveness to families seeking long-term housing.
Economic vulnerability With an economic stability score of 65/100, there is a notable risk of market fluctuations impacting property value and rental income.
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