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.
3-bedroom, 2-bathroom apartment of 101 m² on the 2nd floor, energy rating D. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Unobstructed views from the balcony enhance the apartment's appeal, while the proximity to both city amenities and beaches offers a versatile lifestyle choice for residents.
The valuation. The asking price of €320,000 is nearly aligned with the fair value of €323,237, sitting just €3,237 (1.0%) below it. This property is therefore reasonably valued in the current market.
Fair value modelled at €323,237 from 6 comparable sales in the area. Asking €320,000 sits €3,237 (1.0%) below — the upside to fair value.
Asking €320,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €319,218 (€3,161/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €319,218, adjusted for condition and micro-location, gives a modelled fair value of €323,237 (€3,200/m²), a €3,237 (1.0%) gap versus the €320,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · e55445 | Subject | €320,000 | €3,168 | — | 68 | 83 |
| praça Sérgio Martins | Active | €349,000 | €3,324 | 4.9% | 68 | 70 |
| rua Dom Diogo de Sousa, 35 | Active | €370,000 | €2,824 | 10.9% | 68 | 81 |
| São Gonçalo de Lagos · 3d9a88 | Active | €379,000 | €3,790 | 19.6% | 70 | 73 |
| São Gonçalo de Lagos · 6fbc43 | Active | €330,000 | €2,538 | 19.9% | 66 | 70 |
| Median comp | €359,500 | €3,074 | 3.0% | 68 | 72 |
Short-term vacation rental The property in São Gonçalo de Lagos offers a gross yield of 4.7%, appealing for investors seeking short-term rental opportunities in a tourism-rich area. However, with a fair value only marginally above the current listing price, it does not represent a discount, suggesting thorough analysis is needed before investment. Buy-and-hold While holding potential for future value appreciation in the desirable Algarve region, this 3-bedroom apartment, priced fairly at €320,000, aligns closely with its fair value of €323,237. Investors should consider the property’s decent condition and neighbourhood quality, but note that it does not stand out as a compelling buy. Long-term rental The apartment's location near beaches contributes to a strong rental demand, making it a feasible option for long-term rental strategies. However, priced at €320,000, which is in line with its fair value, it may not offer the best investment case compared to properties that are priced well below their fair value.
Economic Volatility The economic stability score of 75 indicates potential fluctuations in the local market that could impact property values and 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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