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. Features: This apartment boasts a rooftop pool with panoramic views and a central vacuum system for convenient cleaning, enhancing the modern living experience.
The valuation. The asking price of €640,000 is significantly below the fair value of €839,616, representing a discount of €199,616 (23.8%). This position indicates that the property is subpriced in the current market context. Buy-to-flip angle. By investing in cosmetic upgrades and marketing, the property could be flipped for a higher return in a booming tourist market, maximizing profit margins given its attractive location. Buy-to-let angle. The optimal rental income strategy includes short-term vacation rentals targeting the Algarve's tourism, enabling a potential high yield despite currently undergoing renovations and yielding 0% temporarily.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ilha do Corvo | Subject | €640,000 | €4,706 | — | — | 71 |
| São Gonçalo de Lagos · 51b5e5 | Active | €675,000 | €6,136 | 30.4% | 78 | 72 |
| Luz · 2cdb7b | Active | €650,000 | €6,500 | 38.1% | — | 71 |
| Luz · 2cdba2 | Active | €670,000 | €6,700 | 42.4% | — | 68 |
| São Gonçalo de Lagos · e553da | Active | €397,500 | €6,211 | 32.0% | 72 | 73 |
| Median comp | €660,000 | €6,356 | 35.1% | 75 | 72 |
Short-term vacation rental The property in São Gonçalo de Lagos, priced at €640,000, presents a 23.8% gap against its fair value of €839,616, making it well-positioned for short-term vacation rental opportunities in the Algarve's robust tourism market. With a neighborhood score of 71/100, the location is attractive to tourists, enhancing the potential for strong rental income. Buy-and-hold Given the underpriced status of this 1-bed apartment and the strong real estate interest in Algarve, it is a sound investment for a buy-and-hold strategy, with fair value suggesting considerable appreciation potential. The neighborhood's 71/100 rating indicates a favorable condition for long-term tenant demand, aligning with a solid appreciation trajectory over time. Family rental The property stands out as an appealing option for family rentals, especially considering the lucrative tourism potential reflected in its €640,000 listing price, which is significantly less than its fair value. The neighborhood's amenities and safety ratings position it well for attracting families looking for stable living environments in the Algarve region.
Economic Vulnerability The economic stability score of 65/100 indicates potential economic challenges that could affect tenant demand and rent prices, creating a risk for future 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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