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, 1-bathroom apartment of 83 m², built in 1984, energy rating D. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. Noteworthy Features: This apartment boasts large windows that flood the space with natural light, enhancing the bright and modern aesthetic created by the high-quality renovation of the former commercial area.
The valuation. The asking price of €340,000 sits slightly below the fair value of €366,663, showing a reasonable adjustment of €26,663 (7.3%). This positioning suggests the property is fairly valued, offering an attractive price point for buyers.
Fair value modelled at €366,663 from 6 comparable sales in the area. Asking €340,000 sits €26,663 (7.3%) below — the upside to fair value.
Asking €340,000 versus the São Gonçalo de Lagos, Lagos, Faro area baseline of €338,882 (€4,083/m²) for a median-condition unit of this size — the gap before quality adjustments.
AI Condition Index 82/100 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 €338,882, adjusted for condition and micro-location, gives a modelled fair value of €366,663 (€4,418/m²), a €26,663 (7.3%) gap versus the €340,000 asking price.
| Reference | Status | Price | €/m² | vs subject | Condition | Location |
|---|---|---|---|---|---|---|
| São Gonçalo de Lagos · 0ac778 | Subject | €340,000 | €4,096 | — | 86 | 74 |
| rua Mendonça Pessanha | Active | €299,000 | €4,397 | 7.3% | 72 | 76 |
| São Gonçalo de Lagos · 3d98b9 | Active | €399,000 | €3,837 | 6.3% | 76 | 71 |
| São Gonçalo de Lagos · be960c | Active | €395,000 | €4,438 | 8.3% | 75 | 74 |
| rua da Bela Vista | Active | €260,000 | €3,881 | 5.3% | 74 | 70 |
| Median comp | €347,000 | €4,139 | 1.0% | 75 | 73 |
Short-term vacation rental The property is ideally situated near prominent Algarve tourist destinations, which can attract a steady stream of visitors looking for short-term accommodations. However, its fair valuation indicates that potential yields may not be maximized in a highly competitive vacation rental market. Long-term rental With a gross yield of 4.1%, this apartment offers steady returns for long-term tenants, although seasonal employment may influence tenant stability in the area. The fair price suggests a balanced investment opportunity, though it may face downward pressure if economic conditions fluctuate. Buy-and-hold As part of a buy-and-hold strategy, this property benefits from its proximity to beaches and tourism hubs, promising potential appreciation over time. Yet, with a fair valuation already established, investors should be cautious, as the property is not likely to yield significant short-term price increases.
Economic and Tenant Instability Risk: With both economic stability and tenant stability scores at 70/100, there is a significant risk of fluctuations in rental income and tenant turnover that could adversely affect cash flow and overall investment performance.
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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