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 104 m². Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The apartment boasts a spacious raised balcony perfect for outdoor dining and sunbathing, while a large communal sunroom offers panoramic views for relaxation or yoga practice.
The valuation. The asking price of €399,000 sits slightly below the fair value of €413,084, indicating a difference of €14,084 (3.4%). This suggests the property is fairly priced based on current market assessments.
Fair value modelled at €413,084 from 6 comparable sales in the area. Asking €399,000 sits €14,084 (3.4%) below — the upside to fair value.
Asking €399,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €395,439 (€3,802/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €395,439, adjusted for condition and micro-location, gives a modelled fair value of €413,084 (€3,972/m²), a €14,084 (3.4%) gap versus the €399,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 787ef3 | Subject | €399,000 | €3,837 | — | 74 | 72 |
| São Gonçalo de Lagos · 23f20d | Active | €425,000 | €3,972 | 3.5% | 73 | 70 |
| São Gonçalo de Lagos · 28b67a | Active | €425,000 | €3,972 | 3.5% | 75 | 72 |
| São Gonçalo de Lagos · 4a42ae | Active | €425,000 | €3,972 | 3.5% | 72 | 61 |
| São Gonçalo de Lagos · 43918c | Active | €425,000 | €3,972 | 3.5% | 75 | 70 |
| Median comp | €425,000 | €3,972 | 3.5% | 74 | 70 |
Short-term vacation rental This 2-bed apartment in São Gonçalo de Lagos offers a gross yield of 4.4%, appealing for short-term vacation rentals given the thriving tourist market in the Algarve. However, as the property is fairly priced at €399,000 against a fair value of €413,084, potential investors should remain cautious regarding premium pricing. Long-term rental With a condition rating of 76/100 and a neighborhood rating of 72/100, the apartment may perform adequately in the long-term rental market. Nevertheless, investors should note that the current valuation falls into the fair range, which limits upside potential in this category. Buy-and-hold This property holds potential for buy-and-hold investors, yet with a fair valuation close to its listing price, the margin for growth appears limited. Given its location in a tourist-favored area, ongoing demand may support stable returns, but it may not provide significant appreciation in the near term.
Economic Vulnerability The property has a moderate economic stability score of 65/100, indicating potential fluctuations in market conditions that could impact rental income.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
