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 123 m², built in 2000, energy rating C. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This ground-floor apartment boasts a spacious 25.25 m² private terrace equipped with a built-in barbecue, ideal for alfresco dining and entertaining, complemented by a cozy living area featuring a functional fireplace.
The valuation. The asking price of €375,000 is positioned just below the fair value of €386,171, indicating a minor difference of €11,171 (2.9%). This valuation reflects a property priced approximately at market value.
Fair value modelled at €386,171 from 6 comparable sales in the area. Asking €375,000 sits €11,171 (2.9%) below — the upside to fair value.
Asking €375,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €372,102 (€3,025/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 75/100 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 €372,102, adjusted for condition and micro-location, gives a modelled fair value of €386,171 (€3,140/m²), a €11,171 (2.9%) gap versus the €375,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 51cd2a | Subject | €375,000 | €3,049 | — | 72 | 72 |
| praça do Poder, 7A | Active | €350,000 | €3,241 | 6.3% | 75 | 70 |
| rua Mendonça Pessanha | Active | €310,000 | €2,925 | 4.1% | 68 | 69 |
| São Gonçalo de Lagos · 8002ac | Active | €315,000 | €3,029 | 0.7% | 75 | 74 |
| rua 25 de Abril | Active | €395,000 | €3,038 | 0.3% | — | 64 |
| Median comp | €332,500 | €3,034 | 0.5% | 75 | 70 |
Short-term vacation rental The property’s 5.6% gross yield indicates it can generate solid returns in the thriving tourism market of Lagos. With the local economy boosted by tourism, demand for vacation rentals remains steady, making this investment a reasonable opportunity. Buy-and-hold Holding this apartment aligns well with the fair value assessment, suggesting stability in long-term appreciation potential. The 72/100 neighbourhood score indicates a well-rounded area with access to amenities, suitable for maintaining property value over time. Family rental While the property holds potential for family rental with its size and reasonable condition, it may not capitalize as effectively on high tourist demand. The fair value price reflects a more cautious approach to renting, as families may seek properties with stronger features at a similar price point.
Economic downturn risk The property may be vulnerable to economic instability, given a relatively low economic stability score of 65/100, which could affect 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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