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.
3-bedroom, 2-bathroom apartment of 122 m² on the 2nd floor, built in 1999, energy rating C. Located on rua António Gago S / N, São Gonçalo de Lagos parish, Lagos municipality, Faro district. Property Features: The apartment boasts a modern marble-effect bathroom and a spacious balcony overlooking the quiet street, perfect for morning coffee or evening relaxation.
The valuation. The asking price of €360,000 is positioned just below the fair value of €370,692, making it 2.9% lower than the calculated fair market worth. This suggests that the property is reasonably valued in the current market conditions.
Fair value modelled at €370,692 from 5 comparable sales in the area. Asking €360,000 sits €10,692 (2.9%) below — the upside to fair value.
Asking €360,000 versus the rua António Gago S / N area baseline of €388,063 (€3,181/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 67/100 is below the parish average, reducing 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 €388,063, adjusted for condition and micro-location, gives a modelled fair value of €370,692 (€3,038/m²), a €10,692 (2.9%) gap versus the €360,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| rua António Gago S / N | Subject | €360,000 | €2,951 | — | 62 | 77 |
| rua General Humberto Delgado | Active | €395,000 | €3,160 | 7.1% | 68 | 67 |
| rua 25 de Abril | Active | €395,000 | €3,038 | 3.0% | — | 64 |
| São Gonçalo de Lagos · f3606a | Active | €395,000 | €3,160 | 7.1% | 70 | 70 |
| São Gonçalo de Lagos · 76b06b | Active | €360,000 | €2,667 | 9.6% | 70 | 71 |
| Median comp | €395,000 | €3,099 | 5.0% | 70 | 69 |
Short-term vacation rental The 3-bed apartment in São Gonçalo de Lagos presents an opportunity for short-term vacation rentals, capitalizing on the high tourist activity in the Algarve region. With a gross yield of 5%, this property is positioned to attract seasonal visitors, although its fair valuation suggests no immediate financial advantage over the market. Long-term rental As a long-term rental asset, this apartment benefits from the neighborhood's solid rating of 77/100, indicative of tenant quality and demand for stable housing options. However, with a fair market gap of only 2.9%, investment returns may not greatly exceed initial acquisition costs. Buy-and-hold Investing in this property for a buy-and-hold strategy could yield moderate returns, given its competitive location and fair value status. While the apartment has good rental potential, the current pricing reflects fair market conditions, limiting upside growth in the near term.
Economic Exposure High economic stability score of 72 indicates potential vulnerability to market fluctuations, as a score below 75 suggests a less resilient economy.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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