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 house of 75 m². Located on rua da Fraternidade, Odiáxere parish, Lagos municipality, Faro district. Noteworthy Features: The property boasts a charming mezzanine that enhances the living space, along with a spacious terrace ideal for enjoying the sun-drenched Algarve climate. Selling Price: €265,500
The valuation. The asking price of €265,500 is slightly above the fair value of €263,430, representing a difference of €2,070 (0.8%). The property is fairly valued in the current market context.
Fair value modelled at €263,430 from 6 comparable sales in the area. Asking €265,500 sits €2,070 (0.8%) above — overpriced versus fair value.
Asking €265,500 versus the rua da Fraternidade area baseline of €218,073 (€2,908/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 78/100 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 €218,073, adjusted for condition and micro-location, gives a modelled fair value of €263,430 (€3,512/m²), a €2,070 (0.8%) gap versus the €265,500 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Fraternidade | Subject | €265,500 | €3,540 | — | 75 | 78 |
| rua da Alegria, 3 | Active | €250,000 | €3,333 | 5.8% | 72 | 69 |
| jardim da Meia Praia | Active | €425,000 | €3,512 | 0.8% | 75 | 66 |
| jardim da Meia Praia | Active | €425,000 | €3,512 | 0.8% | 75 | 70 |
| jardim da Meia Praia | Active | €425,000 | €3,512 | 0.8% | 75 | 73 |
| Median comp | €425,000 | €3,512 | 0.8% | 75 | 70 |
Short-term vacation rental The potential yield of 5.7% gross suggests that this property in Odiáxere could perform decently in the short-term vacation rental market, capitalizing on the area's popularity with tourists. However, given its fair valuation against the market, any investment would need to be weighed against ongoing costs and competition. Buy-and-hold As a buy-and-hold investment, the property offers a reasonable yield of 5.7%, generating stable income in a desirable Algarve location. Despite being priced fairly, potential buyers should consider the market dynamics and any additional expenses that may influence long-term profitability. Family rental The property's location in a family-friendly neighbourhood makes it suitable for long-term family rentals, supported by local amenities and quality conditions. However, while the valuation aligns closely with fair market value, investors should remain cautious about rental price fluctuations in the Odiáxere area.
Tenant turnover risk High tenant turnover could occur due to the economic and tenant stability scores both being at 75/100, indicating moderate risk of instability in 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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