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, 2-bathroom apartment of 143 m², built in 2024, energy rating A. Located on rua Ilha do Corvo, São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment offers breathtaking panoramic views from the rooftop pool and spacious balconies, along with convenient rooftop storage for added functionality.
The valuation. The asking price of €545,000 sits just €4,157 (0.8%) below the fair value of €549,157, indicating that this property is fairly priced considering current market conditions.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ilha do Corvo | Subject | €545,000 | €3,811 | — | — | 70 |
| São Gonçalo de Lagos · 23f50c | Active | €420,000 | €2,781 | 27.0% | 72 | 68 |
| São Gonçalo de Lagos · 0016aa | Active | €530,000 | €4,077 | 7.0% | 76 | 74 |
| rua do Barinel | Active | €475,000 | €4,060 | 6.5% | 72 | 74 |
| largo da República | Active | €530,000 | €4,077 | 7.0% | 80 | 69 |
| Median comp | €502,500 | €4,069 | 6.8% | 74 | 72 |
Long-term rental The 1-bed apartment in São Gonçalo de Lagos presents a neutral prospect for long-term rental, as its gross yield is currently 0%. Given the fair value alignment at €545,000, this property may not provide significant rental income potential. Short-term vacation rental This property is situated in a tourist-friendly area near the Algarve coast, positioning it reasonably for the short-term vacation rental market. However, with a fair value matched closely to its asking price of €545,000, the potential returns may not justify the investment compared to its condition rating of 0/100. Buy-and-hold Investing in this São Gonçalo de Lagos apartment for a buy-and-hold strategy is fair at the current valuation, but the lack of yield and noted condition may limit future appreciation. With a fair value of €549,157 and minimal gap from asking price, the long-term capital growth may not deliver substantial investor returns under the current market dynamics.
Economic and Tenant Instability Risk The combined economic and tenant stability scores of 65/100 suggest that there may be fluctuations in rental demand and tenant turnover, leading to potential challenges in occupancy rates and rental income stability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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