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, 2-bathroom apartment of 117 m² on the 2nd floor, built in 2004. Located Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. This property features two balconies, enhancing outdoor living space while benefiting from a prime central location just 300 metres from the beach.
The valuation. The asking price of €350,000 is slightly below the fair value of €359,890, making it a sound purchase at approximately 2.7% below what the property is worth. The property is Valued Fairly.
Fair value modelled at €359,890 from 6 comparable sales in the area. Asking €350,000 sits €9,890 (2.7%) below — the upside to fair value.
Asking €350,000 versus the Lagoa e Carvoeiro, Lagoa, Faro area baseline of €364,767 (€3,118/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 68/100 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 €364,767, adjusted for condition and micro-location, gives a modelled fair value of €359,890 (€3,076/m²), a €9,890 (2.7%) gap versus the €350,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Lagoa e Carvoeiro · 33bdd1 | Subject | €350,000 | €2,991 | — | 70 | 65 |
| rua Carlos Alberto Correia Ribeiro | Active | €295,000 | €3,430 | 14.7% | 65 | 73 |
| rua Olarias | Active | €275,000 | €3,235 | 8.2% | 65 | 64 |
| Estômbar e Parchal · 438eeb | Active | €395,000 | €2,782 | 7.0% | 78 | 73 |
| rua 16 de Janeiro, 1 | Active | €250,000 | €3,247 | 8.5% | 72 | 73 |
| Median comp | €285,000 | €3,241 | 8.3% | 69 | 73 |
Short-term vacation rental The property in Lagoa e Carvoeiro supports a short-term vacation rental strategy due to its location in the Algarve, a region favored by tourists. However, with a fair value margin of only 2.7%, the current listing price may limit potential profitability. Buy-and-hold Investing in this 2-bed apartment for a buy-and-hold strategy may yield steady returns given its proximity to tourist attractions. Yet, the 3% gross yield and its fair pricing suggest limited immediate upside for long-term appreciation. Family rental This property could appeal to families seeking residence in a desirable tourist area, benefiting from its decent condition and neighborhood ratings. Nonetheless, with the fair pricing dynamics and a seasonal tourism economy, its long-term rental viability may face challenges due to varying demand.
Economic Vulnerability The property may experience fluctuations in occupancy or rent level due to its economic stability score of 50/100, indicating a heightened risk in economic downturns impacting revenue.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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