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 of the ocean and Serra de Monchique, enhancing the outdoor living experience in a serene residential setting.
The valuation. The asking price of €620,000 is above the fair value of €568,065 by €51,935 (9.1%), indicating the property is fairly valued in the current market.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ilha do Corvo | Subject | €620,000 | €4,336 | — | — | 72 |
| estrada da Albardeira, 1 | Active | €529,000 | €4,133 | 4.7% | 75 | 73 |
| São Gonçalo de Lagos · b7c006 | Active | €545,000 | €4,325 | 0.2% | 75 | 64 |
| rua Maria Helena Vieira da Silva | Active | €495,000 | €3,808 | 12.2% | 80 | 70 |
| São Gonçalo de Lagos · ba57e3 | Active | €1,086,000 | €3,851 | 11.2% | — | 72 |
| Median comp | €537,000 | €3,992 | 7.9% | 75 | 71 |
Short-term vacation rental This property, while situated in a prime tourist area like the Algarve, yields no gross rental income and has a fair value gap of only 9.1%. Thus, it may not be the most viable option for short-term vacation rentals given the current listing price of €620,000, which reflects its condition and offers no attractive income potential. Long-term rental With a lack of gross yield and a fair assessment of the property at €568,065, the €620,000 asking price suggests that it may not be an appealing choice for long-term rental purposes. The condition of the apartment—given a score of 0/100—further complicates its feasibility in generating steady rental income. Buy-and-hold While the location in São Gonçalo de Lagos offers potential for property appreciation, the current listing price of €620,000 compared to its fair value of €568,065 indicates a lack of immediate value for a buy-and-hold strategy. The absence of rental yield and poor condition rating highlight risks associated with holding this property for the long term.
Economic Vulnerability With an economic stability score of 60/100, there is a risk that fluctuating economic conditions could negatively impact rental income and property value.
Contributions are public and shown with the author's name and role. Links posted by users are not endorsed by Private Markets.
Log in to continue
Please log in or create an account to access this page.
No posts yet for this property.
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
Log in to buy the report or use a credit
