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 61 m² on the 3rd floor, built in 1993, energy rating D. Located on rua Doutor Basílioteles, Lagoa e Carvoeiro parish, Lagoa municipality, Faro district. Noteworthy Features: This apartment holds a unique potential for investment due to its current service designation, allowing for adaptability to commercial or residential use upon legal approval.
The valuation. The asking price of €185,000 is slightly above the fair value of €181,716, placing it at a premium of €3,284 (1.8%). This indicates a fair valuation, suitable for buyers looking for stability.
Fair value modelled at €181,716 from 6 comparable sales in the area. Asking €185,000 sits €3,284 (1.8%) above — overpriced versus fair value.
Asking €185,000 versus the rua Doutor Basílioteles area baseline of €187,311 (€3,071/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 €187,311, adjusted for condition and micro-location, gives a modelled fair value of €181,716 (€2,979/m²), a €3,284 (1.8%) gap versus the €185,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Doutor Basílioteles | Subject | €185,000 | €3,033 | — | 64 | 76 |
| rua 16 de Janeiro, 1 | Active | €250,000 | €3,247 | 7.1% | 72 | 73 |
| Lagoa e Carvoeiro · caa1b5 | Active | €175,000 | €2,917 | 3.8% | 71 | 71 |
| rua Doutor Fonseca de Almeida | Active | €279,000 | €2,818 | 7.1% | 80 | 72 |
| rua Doutor Fonseca de Almeida, 7 | Active | €279,000 | €2,818 | 7.1% | 76 | 73 |
| Median comp | €264,500 | €2,868 | 5.4% | 74 | 73 |
Short-term vacation rental Given the property’s proximity to beaches and tourist attractions in central Algarve, it could generate a healthy gross yield of 5.5% as a short-term vacation rental. However, the property is fairly priced at €185,000, indicating that potential investors may not realize extensive appreciation benefits in the near term. Long-term rental With the apartment’s location in a high-demand tourist area, it could effectively serve as a long-term rental investment; however, the fair value of €185,000 suggests limited upside potential for substantial rental increases. The gross yield of 5.5% still indicates adequate income generation, but future returns may be constrained by the current pricing. Buy-and-hold While the property offers a steady yield of 5.5%, its valuation at €185,000 aligns closely with the fair value of €181,716, defining it as a fair investment for long-term buy-and-hold strategies. Investors should be mindful that the approximately 1.8% gap to fair value may limit potential capital appreciation over time.
Potential Market Volatility With an economic stability score of 70/100 and a tenant stability score of 70/100, there is a heightened risk of market fluctuations and potential vacancy issues.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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