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 124 m², built in 2024, energy rating A. Located on rua Ilha do Corvo, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This apartment includes exclusive access to a rooftop pool with panoramic views and is equipped with a central vacuum system for added convenience.
The valuation. The asking price of €540,000 exceeds the fair value of €481,757 by €58,243 (12.1%). This property is priced fairly based on current market conditions.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua Ilha do Corvo | Subject | €540,000 | €4,355 | — | — | 73 |
| estrada da Albardeira, 1 | Active | €529,000 | €4,133 | 5.1% | 75 | 73 |
| rua Maria Helena Vieira da Silva | Active | €495,000 | €3,808 | 12.6% | 80 | 70 |
| São Gonçalo de Lagos · ba57e3 | Active | €1,086,000 | €3,851 | 11.6% | — | 72 |
| rua Dom João I | Active | €575,000 | €3,885 | 10.8% | 75 | 77 |
| Median comp | €552,000 | €3,868 | 11.2% | 75 | 73 |
Short-term vacation rental This property, while located in the attractive coastal Algarve region, does not offer a gross yield, making it less appealing for short-term vacation rental investments. With a fair value gap of 12.1%, potential returns may not justify the purchase price for this strategy. Buy-and-hold Given that the property is listed at €540,000, exceeding its fair value of €481,757, holding onto this asset may not result in substantial long-term appreciation. The current market dynamics and the lovely neighborhood rating of 73/100 suggest it could perform adequately but lacks strong growth potential at this price. Family rental The neighborhood's favorable safety reputation and amenities make this property suitable for family rental, yet the lack of income potential and the fair pricing limits its desirability in a competitive rental market. The 0% yield indicates that investing in this family rental strategy might not yield significant cash flow, despite the appealing location. Not ideal for: The student housing market appears to be saturated, and the 0/100 condition rating highlights significant renovation needs, making it a poor choice for this demographic. Furthermore, the luxury market does not align with the fair value assessment, indicating it may not meet the standards typically associated with high-end rentals.
Economic volatility risk With an economic stability score of 65/100, there is a moderate risk of economic downturn impacting rental income.
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