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 features a rooftop pool with panoramic views and a central vacuum system for effortless cleaning, enhancing both luxury and convenience in your daily life.
The valuation. The asking price of €580,000 sits slightly above the fair value of €568,065, indicating a difference of €11,935 or 2.1%. This property is priced fairly within the current market context. Buy-to-flip angle. The resale strategy targets a short-term profit by capitalizing on seasonal demand for popular Algarve beaches, though significant renovations may be required given the current condition rating of 0/100. Buy-to-let angle. A buy-and-hold strategy could focus on capitalizing on rental income potential, particularly through short-term vacation rentals in this mixed neighborhood rated 73/100, despite currently having a gross yield of 0%.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ilha do Corvo | Subject | €580,000 | €4,056 | — | — | 73 |
| estrada da Albardeira, 1 | Active | €529,000 | €4,133 | 1.9% | 75 | 73 |
| São Gonçalo de Lagos · b7c006 | Active | €545,000 | €4,325 | 6.6% | 75 | 64 |
| rua Maria Helena Vieira da Silva | Active | €495,000 | €3,808 | 6.1% | 80 | 70 |
| São Gonçalo de Lagos · ba57e3 | Active | €1,086,000 | €3,851 | 5.1% | — | 72 |
| Median comp | €537,000 | €3,992 | 1.6% | 75 | 71 |
Short-term vacation rental Given the property's competitive listing price of €580,000 compared to a fair value of €568,065, it may provide moderate potential for short-term rental income. However, with a gross yield of 0% and a seasonal economy driven by tourism, the investment may not yield sufficient returns during off-peak periods. Buy-and-hold The property is currently priced at €580,000, aligning closely with its fair value of €568,065, indicating that it may not deliver significant appreciation over time. The neighborhood rating of 73/100 is decent, yet the lack of growth in yield and condition scores below par highlight potential risks for long-term investors. Family rental With a fair value of €568,065 and a listing price of €580,000, this property is fairly priced but presents challenges for long-term family rental viability. The 0% yield coupled with an average neighborhood score suggests limited cash flow potential, which may deter families looking for sustainable rental options.
Tenant Default Risk The combination of a tenant stability score of 70/100 indicates a moderate risk of tenant default, which may impact rental income reliability.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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