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 132 m² on the 3rd floor, built in 2009. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Features a large terrace of 41.6 m² with stunning 180° views, perfect for outdoor entertaining and enjoyment of the sun-drenched south-west orientation.
The valuation. The asking price of €535,000 is significantly below the fair value of €619,929, presenting a difference of €84,929 (13.7%). This property is underpriced in the current market.
Fair value modelled at €619,929 from 6 comparable sales in the area. Asking €535,000 sits €84,929 (13.7%) below — the upside to fair value.
Asking €535,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €550,043 (€4,167/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 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 €550,043, adjusted for condition and micro-location, gives a modelled fair value of €619,929 (€4,696/m²), a €84,929 (13.7%) gap versus the €535,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 788189 | Subject | €535,000 | €4,053 | — | 82 | 72 |
| parque do Moínho | Active | €465,000 | €4,079 | 0.6% | 85 | 74 |
| São Gonçalo de Lagos · 16264b | Active | €530,000 | €3,897 | 3.8% | 75 | 73 |
| urbanização Marina Marina de Lagos | Active | €665,000 | €4,750 | 17.2% | 82 | 66 |
| urbanização Marina Park | Active | €550,000 | €4,783 | 18.0% | 71 | 72 |
| Median comp | €540,000 | €4,415 | 8.9% | 79 | 73 |
Short-term vacation rental The property’s prime location in a tourist-oriented area makes it an attractive option for short-term vacation rentals, capitalizing on seasonal demand. With a gross yield of 3.5%, it presents a viable investment opportunity as tourism flourishes in Lagos. Buy-and-hold Investing in this 2-bed apartment aligns well with a buy-and-hold strategy, thanks to its potential for appreciation as the market grows. The current listing price reflects a gap of 13.7% below fair value, suggesting that holding the property could yield a solid return over time. Family rental This property is well-suited for family rental given its size and comfortable living condition, coupled with the area's low crime rates and adequate amenities. Although its yield at 3.5% is modest, the overall value proposition remains positive, especially considering the demand for family-friendly accommodations in Lagos.
Economic Fluctuation Risk The property's economic stability score of 65 suggests potential vulnerability to market fluctuations, which could impact tenant demand and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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