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 136 m², built in 2024, energy rating A. Located on rua Ilha do Corvo, São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment boasts a rooftop pool offering panoramic views of the ocean and Serra de Monchique, while the garage includes an electric vehicle charger for eco-conscious living.
The valuation. The asking price of €580,000 is positioned above the fair value of €540,258 by €39,742 (7.4%), indicating the property is priced fairly in this market based on its characteristics.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ilha do Corvo | Subject | €580,000 | €4,265 | — | — | 71 |
| estrada da Albardeira, 1 | Active | €529,000 | €4,133 | 3.1% | 75 | 73 |
| São Gonçalo de Lagos · b7c006 | Active | €545,000 | €4,325 | 1.4% | 75 | 64 |
| rua Maria Helena Vieira da Silva | Active | €495,000 | €3,808 | 10.7% | 80 | 70 |
| São Gonçalo de Lagos · ba57e3 | Active | €1,086,000 | €3,851 | 9.7% | — | 72 |
| Median comp | €537,000 | €3,992 | 6.4% | 75 | 71 |
Long-term rental The property offers a stable environment within the popular Algarve touristic zone, but with a yield of 0%, it may not generate immediate cash flow for investors. Additionally, the apartment's current condition rating of 0/100 suggests that significant renovations would be required, potentially detracting from long-term rental viability. Short-term vacation rental Given the prime location in a high-demand tourist region, the apartment could appeal to short-term vacation renters; however, with a fair value of €540,258 and a listing price that's 7.4% higher, the investment lacks a compelling price advantage. Combined with a yield of 0%, this strategy could be challenged, especially if costs for updates or maintenance are considered. Buy-and-hold Investing in this property for a buy-and-hold strategy could face difficulties as the yield is 0%, leaving no immediate return on investment. Furthermore, while the neighborhood rating of 71/100 indicates decent tenant quality, the gap between the listing price and fair value highlights that this investment is priced fairly without significant upside potential, making long-term capital appreciation uncertain.
Economic Sensitivity A property with both economic and tenant stability scores of 65/100 may face volatility, indicating a medium risk level where external economic fluctuations could adversely affect rental income and occupancy rates.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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