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 61 m². Located Odiáxere parish, Lagos municipality, Faro district. This property features a versatile living space that can easily transform into an office or extra bedroom, while the upper terrace provides stunning views over Odiáxere and the countryside.
The valuation. The asking price of €265,000 sits slightly below the fair value of €280,581, indicating a difference of €15,581 (5.6%). This property is considered to be priced fairly, aligning closely with market expectations.
Fair value modelled at €280,581 from 6 comparable sales in the area. Asking €265,000 sits €15,581 (5.6%) below — the upside to fair value.
Asking €265,000 versus the Odiáxere, Lagos, Faro area baseline of €246,452 (€4,040/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €246,452, adjusted for condition and micro-location, gives a modelled fair value of €280,581 (€4,600/m²), a €15,581 (5.6%) gap versus the €265,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Odiáxere · 51b588 | Subject | €265,000 | €4,344 | — | 74 | 72 |
| rua da Azenha, 29 | Active | €765,000 | €9,563 | 120.1% | 74 | 75 |
| rua da Fraternidade | Active | €265,500 | €3,540 | 18.5% | 75 | 78 |
| Mexilhoeira Grande · 956c8c | Active | €549,000 | €4,323 | 0.5% | 74 | 70 |
| rua da Alegria, 3 | Active | €250,000 | €3,333 | 23.3% | 72 | 69 |
| Median comp | €407,250 | €3,932 | 9.5% | 74 | 73 |
Short-term vacation rental The property in Odiáxere, Lagos, aligns well with the Algarve's tourism appeal, making it a viable option for short-term rentals, though it’s priced at €265,000, which is close to the fair value of €280,581. With a gross yield of 4.1%, the returns are modest but acceptable in a market where vacation demand is steady. Buy-and-hold Investing in this property as a buy-and-hold presents a balanced opportunity, as it is fairly priced and located in a neighborhood that supports future value appreciation. The 76/100 condition score and 72/100 neighborhood rating indicate a sound investment for long-term capital growth. Long-term rental While the property is suitable for long-term rental due to its solid condition and favorable neighborhood, the returns are moderate at a gross yield of 4.1%. At a price point of €265,000, which is close to the calculated fair value, the long-term investment strategy presents a stable but uninspiring opportunity. Not ideal for Given its size and characteristics, this property is not suitable for student housing, industrial use, or the luxury market. The rental dynamics and local amenities do not align with these alternative strategies.
Economic Volatility Risk The economic stability score of 65/100 indicates a potential for fluctuating market conditions that may impact future rental income or property value.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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