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 95 m² on the 2nd floor, built in 1979, energy rating D. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. The apartment is adorned with high ceilings and traditional parquet flooring, contributing to its classic coastal aesthetic and enhancing the overall spacious feel of the living areas.
The asking price of €320,000 is above the fair value of €293,000, indicating that the property is overpriced by €27,000; this equates to an 8.6% downside versus the asking price. The estimated gross yield stands at 5.6%, providing context before accounting for costs and vacancy.
The asking price is above the fair value. The fair value is derived from a combination of two models: the Transaction model, which uses real transaction data from 123 sales in São Gonçalo de Lagos, contributing 55%, and the Adjusted asking-price model, which aligns current listings, contributing 45%. Conservative adjustments for factors such as estimated works have been made, resulting in a fair value of €293,000, which is 6.1% below the central estimate of €312,000. Hence, the asking price of €320,000 is 8.6% above this fair value, indicating a high confidence level in this assessment.
Gross yield 5.6% (before costs)
No specific strategy stands out for this property.
Investors should consider that the asking price of the 3-bed apartment in São Gonçalo de Lagos is above the fair value, indicating a downside of 8.6%. Additionally, the property is in moderate condition and is located in a neighborhood that reflects a mixed economic stability due to seasonal employment patterns common in the Algarve region.
Indicative, before costs, vacancy and management. Not investment advice.
Economic vulnerability The property shows an economic stability score of 55/100, indicating potential economic challenges that may affect tenant stability in the long run.
Grade BFindings: 0
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Models 3.4.3 (Data quality v3 · Valuation v4.2 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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