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.
1-bedroom, 1-bathroom apartment of 93 m² on the 1st floor, built in 2001, energy rating G. Located on rua Coronel Cardeira da Silva, 4, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The apartment boasts a well-maintained communal area featuring a pristine pool and beautifully landscaped gardens, enhancing outdoor living quality in a prime Lagos location.
The valuation. The asking price of €400,000 sits 9.7% above the fair value of €364,693, indicating a fair valuation overall. The property aligns with the market conditions typical for the area but does not present a substantial opportunity for immediate price appreciation.
Fair value modelled at €364,693 from 6 comparable sales in the area. Asking €400,000 sits €35,307 (9.7%) above — overpriced versus fair value.
Asking €400,000 versus the rua Coronel Cardeira da Silva, 4 area baseline of €346,391 (€3,725/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 76/100 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 €346,391, adjusted for condition and micro-location, gives a modelled fair value of €364,693 (€3,921/m²), a €35,307 (9.7%) gap versus the €400,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Coronel Cardeira da Silva, 4 | Subject | €400,000 | €4,301 | — | 72 | 76 |
| São Gonçalo de Lagos · 38b4d9 | Active | €275,000 | €4,231 | 1.6% | 62 | 80 |
| São Gonçalo de Lagos · 956c8f | Active | €285,000 | €4,191 | 2.6% | 54 | 73 |
| rua da Ameijeira, 9 | Active | €420,000 | €3,962 | 7.9% | 85 | 76 |
| rua da Bela Vista | Active | €260,000 | €3,881 | 9.8% | 74 | 70 |
| Median comp | €280,000 | €4,077 | 5.2% | 68 | 75 |
Short-term vacation rental This 1-bed apartment in São Gonçalo de Lagos could serve as a steady contributor to the short-term vacation rental market, given its prime location in the Algarve's wealthy Golden Triangle region. While the yield of 3.5% is respectable, it's essential to consider the fair valuation of €364,693, indicating that at €400,000 the property is priced fairly but doesn’t present a strong investment case for aggressive returns. Luxury market Positioned within the affluent Golden Triangle, the apartment holds appeal for buyers in the luxury market, attracting clientele seeking high-quality amenities and access to toursim-driven economic activity. Although priced at €400,000 is in line with fair value at €364,693, the competitive luxury segment may limit appreciation potential, making it a less appealing investment. Buy-and-hold Purchasing this property for a buy-and-hold strategy could yield modest returns, given its fair valuation and a gross yield of 3.5%. At a listing price of €400,000, which is a 9.7% gap from the fair market value, the investment might not deliver significant long-term gains, making other property options more attractive for long-term wealth accumulation.
Economic vulnerability The economic stability score of 70/100 indicates a moderate risk of economic downturns impacting property value and tenant demand.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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