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, 1-bathroom apartment of 52 m² on the 2nd floor, built in 1951, energy rating E. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The apartment boasts a unique balcony with sea views, enhancing its charm and offering an ideal space for outdoor relaxation within Lagos' historical center.
The valuation. The asking price of €275,000 sits €9,179 (3.5%) above the fair value of €265,821, indicating the property is priced at market expectations without significantly surpassing them. The property is considered fair with a balanced assessment of its value.
Fair value modelled at €265,821 from 6 comparable sales in the area. Asking €275,000 sits €9,179 (3.5%) above — overpriced versus fair value.
Asking €275,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €253,603 (€4,877/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 79/100 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 €253,603, adjusted for condition and micro-location, gives a modelled fair value of €265,821 (€5,112/m²), a €9,179 (3.5%) gap versus the €275,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 76b469 | Subject | €275,000 | €5,288 | — | 82 | 75 |
| São Gonçalo de Lagos · 33bc76 | Active | €425,000 | €5,000 | 5.5% | 75 | 71 |
| rua dos Peixeiros | Active | €400,000 | €7,143 | 35.1% | 65 | 80 |
| rua Gago Coutinho, 3 | Active | €350,000 | €5,224 | 1.2% | 76 | 74 |
| São Gonçalo de Lagos · 3d98b9 | Active | €399,000 | €3,837 | 27.5% | 76 | 71 |
| Median comp | €399,500 | €5,112 | 3.3% | 76 | 73 |
Short-term vacation rental The property offers a gross yield of 4.9%, making it a reasonable option for short-term vacation rentals in a popular coastal tourism region. However, with the property priced at a 3.5% premium over fair value, it may not yield the best returns compared to other more competitively priced options. Long-term rental With a robust demand for rentals in Algarve, this property’s location supports stable long-term rental prospects, consistent with neighborhood ratings of 75/100. That said, the property is fairly priced at €275,000, presenting a modest investment opportunity in a competitive rental market. Buy-and-hold The strong economic activity and tourist inflow suggest that a buy-and-hold strategy could be viable, given the property’s favorable condition score of 79/100. However, with the current listing reflecting a 3.5% premium over its fair value, potential appreciation may be tempered relative to more attractively priced alternatives.
Economic Volatility The economic stability score of 65/100 suggests potential fluctuations in the market, which may impact long-term tenant retention 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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