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.
2-bedroom, 1-bathroom apartment of 115 m² on the 6th floor, built in 1994, energy rating F. Located on rua da Ameijeira, 9, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The spacious living area seamlessly connects to a large balcony, offering an expansive outdoor space ideal for entertaining while enjoying breathtaking sea views.
The valuation. The asking price of €399,900 is €31,002 (7.2%) below the fair value of €430,902, indicating the property is priced appropriately in the current market context. Buy-to-flip angle. The strategy focuses on a quick resale by targeting buyers interested in high-end finishes, leveraging the premium materials for potential appreciation above the asking price. Buy-to-let angle. With an estimated gross yield of 4.5% and a possible rental income of €1,500/month, the property shows strong potential for steady cash flow through short-term vacation rentals in the tourist-heavy Algarve region.
Fair value modelled at €430,902 from 6 comparable sales in the area. Asking €399,900 sits €31,002 (7.2%) below — the upside to fair value.
Asking €399,900 versus the rua da Ameijeira, 9 area baseline of €372,547 (€3,240/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 85/100 is above the parish average, lifting fair value versus a typical-condition unit.
Recent nearby listings price above the wider parish average — a hyper-local premium distinct from the parish baseline.
Base gap of €372,547, adjusted for condition and micro-location, gives a modelled fair value of €430,902 (€3,747/m²), a €31,002 (7.2%) gap versus the €399,900 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua da Ameijeira, 9 | Subject | €399,900 | €3,477 | — | 92 | 69 |
| rua da Ameijeira, 9 | Active | €420,000 | €3,962 | 13.9% | 85 | 76 |
| rua Gago Coutinho, 3 | Active | €350,000 | €5,224 | 50.2% | 76 | 74 |
| São Gonçalo de Lagos · 3d98b9 | Active | €399,000 | €3,837 | 10.3% | 76 | 71 |
| São Gonçalo de Lagos · 3d9685 | Active | €395,000 | €3,657 | 5.2% | 70 | 73 |
| Median comp | €397,000 | €3,900 | 12.1% | 76 | 74 |
Short-term vacation rental This 2-bed apartment in São Gonçalo de Lagos presents a fair opportunity for short-term vacation rentals, with a yield of 4.5% gross in a prime tourist area of the Algarve. While the property is not a bargain, it fits well into the local market dynamics catering to vacationers seeking quality accommodations. Buy-and-hold Investing in this property for a buy-and-hold strategy aligns well with its fair value of €399,900, particularly considering its condition rating of 85/100 which signals good upkeep. The anticipated rental income supports stability, although the property does not present a significant discount to fair market value. Family rental Given the property’s size and layout, it could appeal to families looking for long-term accommodation, despite a lower neighborhood score of 69/100 that indicates some limitations in amenities. However, the apartment's fair pricing and decent condition make it a viable option, even if it's not a stellar investment compared to others in the area.
Economic downturn risk The property's economic stability score of 60/100 indicates a potential vulnerability to economic downturns, which may lead to tenant turnover or reduced demand; similarly, the tenant stability score of 60/100 suggests a high likelihood of vacancy risk in such scenarios.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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