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 duplex of 83 m², built in 1977, energy rating D. Located Luz parish, Lagos municipality, Faro district. Noteworthy Features: This duplex offers a curved staircase that adds architectural charm and a partial sea view from the living area, enhancing its appeal for potential buyers.
The valuation. The property is asking €285,000, which is significantly below its fair value of €415,529, indicating it is underpriced by €130,529 (31.4%). This presents an attractive opportunity for investors.
Fair value modelled at €415,529 from 6 comparable sales in the area. Asking €285,000 sits €130,529 (31.4%) below — the upside to fair value.
Asking €285,000 versus the Luz, Lagos, Faro area baseline of €408,533 (€4,922/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 70/100 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 €408,533, adjusted for condition and micro-location, gives a modelled fair value of €415,529 (€5,006/m²), a €130,529 (31.4%) gap versus the €285,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| Luz · 07fc40 | Subject | €285,000 | €3,434 | — | 64 | 71 |
| Luz · efdd91 | Active | €348,000 | €4,244 | 23.6% | 75 | 63 |
| Luz · 8ee953 | Active | €495,000 | €6,600 | 92.2% | 66 | 72 |
| rua Helena do Nascimento Batista | Active | €400,000 | €6,780 | 97.4% | 75 | 71 |
| rua 25 de Abril | Active | €430,000 | €4,388 | 27.8% | 78 | 70 |
| Median comp | €415,000 | €5,494 | 60.0% | 75 | 71 |
Short-term vacation rental With a fair value of €415,529 and a listing price of €285,000, the property presents a compelling opportunity for short-term vacation rentals, given the gap of 31.4% and a gross yield of 6.3%. The tourism-driven economy in Luz and its appeal as a major tourist destination further enhance the potential for high returns in this segment. Buy-and-hold This duplex is well-positioned for a buy-and-hold strategy, as it is currently listed at €285,000 while fair value suggests it could appreciate to €415,529, representing a significant investment upside. The property’s decent condition (70/100) and the attractive yield of 6.3% make it a strong contender for long-term appreciation in the property market of Luz. Family rental The property is suitable for family rentals with its spacious 83m² layout and competitive listing price of €285,000 compared to the fair value of €415,529, indicating room for long-term financial benefits. Additionally, the neighbourhood score of 71/100 reveals that it offers a decent quality of life and amenities which are attractive to family tenants. Not ideal for student housing Due to the high tourist demand in Luz, this property is likely overpriced for the student housing market, which typically requires lower costs to attract renters. Furthermore, the economic reliance on tourism does not create a sustainable environment for long-term student accommodation. Not ideal for luxury market The 2-bed duplex, priced well below its fair value, suggests it does not meet luxury market specifications, making it less than ideal for high-end investments. The condition (70/100) and general appeal indicate it may not attract a luxury clientele looking for premium properties. Not ideal for industrial investment Given its residential nature and location in a primarily tourist-driven area, this property is not suited for industrial investment, which typically demands commercial viability and specific zoning. The focus on tourism in Luz further underscores its inappropriateness for industrial use.
Tenant turnover risk The tenant stability score of 70/100 suggests a moderate risk of turnover that could impact rental income reliability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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