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 136 m², energy rating A+. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The apartment boasts a private terrace perfect for outdoor entertaining, and its location within walking distance to both beaches and cultural landmarks enhances lifestyle convenience.
The valuation. The asking price of €640,000 is slightly above the fair value of €588,254, making it a fair valuation with a difference of €51,746 (8.8%). This suggests that the property is priced reasonably for its quality and location.
Fair value modelled at €588,254 from 5 comparable sales in the area. Asking €640,000 sits €51,746 (8.8%) above — overpriced versus fair value.
Asking €640,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €514,724 (€3,785/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 €514,724, adjusted for condition and micro-location, gives a modelled fair value of €588,254 (€4,325/m²), a €51,746 (8.8%) gap versus the €640,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 7881c8 | Subject | €640,000 | €4,706 | — | 82 | 63 |
| São Gonçalo de Lagos · 78821d | Active | €580,000 | €4,056 | 13.8% | 88 | 70 |
| São Gonçalo de Lagos · b7c006 | Active | €545,000 | €4,325 | 8.1% | 75 | 64 |
| rua Raul Brandäo | Active | €1,100,000 | €6,748 | 43.4% | 85 | 71 |
| parque do Moínho | Active | €610,000 | €5,041 | 7.1% | 80 | 73 |
| Median comp | €595,000 | €4,683 | 0.5% | 83 | 71 |
Short-term vacation rental The property in São Gonçalo de Lagos has a gross yield of 3.8%, making it a stable option for short-term vacation rental investors. With the Algarve attracting tourists, this apartment benefits from a consistent demand, albeit priced fairly in a competitive market. Buy-and-hold Investors looking for a buy-and-hold strategy may find this 2-bed apartment appealing, as its condition rating of 85/100 suggests minimal immediate renovation costs. The fair valuation reflects the property’s moderate risk and potential for price appreciation over time in a tourist-friendly region. Family rental With a neighborhood score of 63/100, this property could serve families looking for residential options in a region with low crime rates. However, with the fair price tag of €640,000, it may not present the best value compared to other family rental opportunities in the area. Not ideal for: Student housing, Luxury market, Long-term rental
Tenant turnover risk With both economic and tenant stability scores at 60/100, there is a heightened risk of tenant turnover, which could lead to increased vacancy rates and reduced rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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