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 198 m², built in 1994. Located on rua da Praia, Luz parish, Lagos municipality, Faro district. This property includes a unique shed converted into an additional bedroom and bathroom, enhancing its versatility for hosting guests or creating private retreats.
The valuation. The asking price of €475,000 is significantly lower than the fair value of €833,063, making this property subpriced by €358,063 (43.0%). The valuation indicates a strong potential for appreciation in value.
Fair value modelled at €833,063 from 6 comparable sales in the area. Asking €475,000 sits €358,063 (43.0%) below — the upside to fair value.
Asking €475,000 versus the rua da Praia area baseline of €823,781 (€4,161/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 65/100 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 €823,781, adjusted for condition and micro-location, gives a modelled fair value of €833,063 (€4,207/m²), a €358,063 (43.0%) gap versus the €475,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Praia | Subject | €475,000 | €2,399 | — | 62 | 73 |
| rua Hermano M. Seromenho | Active | €430,000 | €3,258 | 35.8% | 70 | 72 |
| Luz · 8ee953 | Active | €495,000 | €6,600 | 175.1% | 66 | 72 |
| São Gonçalo de Lagos · 652f5f | Active | €465,000 | €5,000 | 108.4% | 72 | 71 |
| Luz · a8039f | Active | €465,000 | €4,227 | 76.2% | 73 | 68 |
| Median comp | €465,000 | €4,614 | 92.3% | 71 | 72 |
Short-term vacation rental This 2-bed apartment in Luz, Lagos, presents a compelling opportunity as a short-term vacation rental, given its price of €475,000 compared to a fair value of €833,063, indicating it is underpriced by 43.0%. With its tourist-focused location and favorable seasonal demand, the investment could yield significant returns as the area attracts travelers seeking quality accommodation. Buy-and-hold Investing in this property as a buy-and-hold strategy is sound, considering its listing price of €475,000 is considerably lower than its fair value of €833,063, showcasing a 43.0% gap and signifying that it is underpriced. The growth potential in a prime tourist area, characterized by safety and local amenities, can lead to long-term appreciation and portfolio growth. Family rental This apartment is well-suited for family rental, particularly given its underpriced status with a listing of €475,000 versus the fair value of €833,063, representing a 43.0% gap. The quality of the neighborhood offers essential amenities and safety, making it an attractive option for families looking for comfortable accommodation in a tourist-friendly locale.
Economic Vulnerability The economic stability score of 65/100 indicates potential fluctuations in the market 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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