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 on the 1st floor, built in 2021, energy rating A. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: The apartment boasts electric underfloor heating and a central vacuum system, enhancing comfort and convenience in modern living.
The valuation. The asking price of €540,000 is slightly above the fair value of €528,824, indicating it sits at a 2.1% premium. This suggests the property is priced reasonably yet could benefit from further negotiation for a better acquisition value.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · e54c90 | Subject | €540,000 | €4,355 | — | — | 70 |
| rua Ilha do Corvo | Active | €580,000 | €4,265 | 2.1% | — | 71 |
| rua Ilha do Corvo | Active | €580,000 | €4,056 | 6.9% | — | 73 |
| rua Ilha do Corvo | Active | €620,000 | €4,336 | 0.4% | — | 72 |
| rua Ilha do Corvo | Active | €640,000 | €4,706 | 8.1% | — | 71 |
| Median comp | €600,000 | €4,301 | 1.2% | — | 72 |
Short-term vacation rental Given that the property is located in the Algarve region, which is known for tourism, it may attract seasonal visitors, but the yield of 2.7% gross suggests limited profitability. Additionally, with a fair value gap of only 2.1%, potential returns may not justify the investment in a short-term rental strategy. Long-term rental The 1-bed apartment’s fair value at €528,824, closely aligned with the listing price of €540,000, indicates modest potential for long-term rental income, especially considering the 2.7% yield. The location's tourism-driven economy may lead to fluctuations in demand, making this option less attractive for stable cash flow. Buy-and-hold Investing in this property with a gap of just 2.1% from fair value indicates limited potential for significant appreciation, making the buy-and-hold strategy less compelling in the current market. With the property in a fair condition and the neighbourhood scoring 70/100, while there is moderate potential for price growth, the investment appears to be more stable than lucrative in the long run.
Economic Downturn Risk There is a risk that economic instability, reflected by a score of 70/100, could lead to decreased demand for rentals, exacerbated by tenant stability at only 60/100, potentially affecting occupancy rates and rental income.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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