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 apartment of 101 m² on the 2nd floor, built in 1964. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features a sunlit balcony perfect for morning coffee, and its location allows for easy walking access to the vibrant local shops and beach.
The valuation. The asking price of €320,000 is just 5.0% below the fair value of €336,918. This indicates that the property is fairly valued, presenting reasonable expectations for potential appreciation.
Fair value modelled at €336,918 from 6 comparable sales in the area. Asking €320,000 sits €16,918 (5.0%) below — the upside to fair value.
Asking €320,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €380,056 (€3,763/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 55/100 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 €380,056, adjusted for condition and micro-location, gives a modelled fair value of €336,918 (€3,336/m²), a €16,918 (5.0%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 57f5d3 | Subject | €320,000 | €3,168 | — | 54 | 72 |
| São Gonçalo de Lagos · 6fbc43 | Active | €330,000 | €2,538 | 19.9% | 66 | 70 |
| rua Doctor Francisco Sá Carneiro, 39 5ºA | Active | €385,000 | €3,348 | 5.7% | 62 | 73 |
| rua General Humberto Delgado, 1 | Active | €360,000 | €3,077 | 2.9% | 70 | 70 |
| praça Sérgio Martins | Active | €349,000 | €3,324 | 4.9% | 68 | 70 |
| Median comp | €354,500 | €3,201 | 1.0% | 67 | 70 |
Short-term vacation rental The apartment's tourist-friendly location in Algarve positions it well for the short-term vacation rental market, capitalizing on the area's robust tourism-driven economic activity. With a gross yield of 4.7% and a fair value that closely aligns with the listing price, this property presents a reasonable opportunity but lacks significant potential for price appreciation. Long-term rental While the property holds appeal for long-term rental purposes due to its adequate condition score and decent neighbourhood rating, the yield of 4.7% suggests modest returns relative to the market dynamics. Given the listing price is nearly at fair value, there may be limited room for future capital growth in this investment. Buy-and-hold As a buy-and-hold investment, the property benefits from the steady demand associated with the Algarve region's tourism; however, the 5.0% gap from fair value indicates that it is priced fairly with no significant upside expected. With an overall condition score of 55 and a neighbourhood rating of 72, this property could maintain its value but may not offer compelling growth potential over time.
Economic volatility risk The economic stability score of 65/100 indicates potential fluctuations in economic conditions that could affect rental income and property values negatively.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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