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, 1-bathroom apartment of 72 m², built in 1977. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Highlight: The apartment features a balcony that offers scenic views of the vibrant city life in Lagos, enhancing the outdoor living experience in a sought-after area.
The valuation. The asking price of €295,000 is below fair value by €45,714 (13.4%), indicating that this property is underpriced for the market. This provides a solid opportunity for investment or resale potential. Buy-to-flip angle. A strategic renovation could enhance the property’s appeal, allowing for a targeted resale at a higher price point. Given the Algarve's tourist influence, improvements could yield significant returns. Buy-to-let angle. The projected gross yield of 4.8% translates to an estimated rental income of €1,180 per month. This steady cash flow aligns well with long-term investment goals, particularly in a demand-driven vacation rental market.
Fair value modelled at €340,714 from 6 comparable sales in the area. Asking €295,000 sits €45,714 (13.4%) below — the upside to fair value.
Asking €295,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €357,884 (€4,971/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 63/100 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 €357,884, adjusted for condition and micro-location, gives a modelled fair value of €340,714 (€4,732/m²), a €45,714 (13.4%) gap versus the €295,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 788194 | Subject | €295,000 | €4,097 | — | 60 | 68 |
| rua Salgueiro Maia, 30 | Active | €375,000 | €4,464 | 9.0% | 68 | 72 |
| rua Joaquim Conselheiro Machado N | Active | €255,000 | €4,250 | 3.7% | 65 | 71 |
| rua Júlia Barroso, 5 | Active | €374,000 | €4,022 | 1.8% | 70 | 74 |
| São Gonçalo de Lagos · 389d37 | Active | €290,000 | €5,273 | 28.7% | 68 | 66 |
| Median comp | €332,000 | €4,357 | 6.3% | 68 | 72 |
Long-term rental The 2-bed apartment in São Gonçalo de Lagos is well-positioned for long-term rental opportunities, given its gross yield of 4.8%. With a fair value gap of 13.4%, this property presents an attractive investment relative to its price. Short-term vacation rental Situated in the Algarve, this property benefits from the region's strong tourism influence, making it suitable for short-term vacation rentals. With the condition rated at 63/100 and a significant fair value margin, investors could maximize returns during peak tourism seasons. Buy-and-hold As a buy-and-hold investment, the 2-bed apartment offers a favorable yield and a fair value gap, indicating potential appreciation over time. The neighbourhood's rating of 68/100 supports the idea of steady demand, making this property a solid long-term investment choice.
Moderate Economic and Tenant Risk With both Economic and Tenant Stability scores at 65/100, there is a risk of fluctuating income and potential vacancy challenges that could impact overall returns on investment.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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