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 110 m² on the 1st floor, built in 2019, energy rating A. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The apartment includes exclusive access to premium leisure facilities such as heated pools and a modern gym, enhancing the resort lifestyle experience with convenience and luxury.
The valuation. The asking price of €675,000 exceeds the fair value of €621,339 by €53,661, representing an 8.6% premium. Thus, the property is fairly valued given its location and quality.
Fair value modelled at €621,339 from 5 comparable sales in the area. Asking €675,000 sits €53,661 (8.6%) above — overpriced versus fair value.
Asking €675,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €573,986 (€5,218/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 81/100 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 €573,986, adjusted for condition and micro-location, gives a modelled fair value of €621,339 (€5,649/m²), a €53,661 (8.6%) gap versus the €675,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 51b5e5 | Subject | €675,000 | €6,136 | — | 78 | 72 |
| São Gonçalo de Lagos · 1906ea | Active | €575,000 | €5,637 | 8.1% | 78 | 74 |
| rua Raul Brandäo | Active | €1,100,000 | €6,748 | 10.0% | 80 | 68 |
| urbanização Senhora Gloria, 30 | Active | €475,000 | €5,793 | 5.6% | 80 | 78 |
| São Gonçalo de Lagos · 467fdd | Active | €1,350,000 | €5,649 | 7.9% | 82 | 68 |
| Median comp | €837,500 | €5,721 | 6.8% | 80 | 71 |
Short-term vacation rental The property in São Gonçalo de Lagos offers potential for short-term vacation rentals due to its location in the highly attractive Algarve region, appealing to international tourists. However, with a fair value of €621,339 and a listing price of €675,000, the yield of 2.7% gross suggests that the investment may not be ideal in a competitive rental market. Buy-and-hold As a buy-and-hold investment, the 2-bed apartment could benefit from the ongoing demand for residential properties in Lagos, especially with a neighbourhood quality score of 72/100. Yet, at a listing price above fair value, this strategy may yield lower returns compared to alternatives in the market at a more favorable price. Value-add renovation The apartment has a condition rating of 81/100, indicating that it is relatively well-maintained, which might limit immediate value-add opportunities. Given that the property is priced at €675,000—8.6% above its fair value—it would be prudent to carefully assess renovation costs against potential price appreciation before pursuing this strategy.
Economic Vulnerability The economic stability score of 65/100 indicates potential fluctuations in the local economy that could impact rental income and property value.
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