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, 2-bathroom apartment of 130 m² on the 5th floor, built in 1995, energy rating D. Located on rua Doutor José Francisco Tello Queiroz, 11, São Gonçalo de Lagos parish, Lagos municipality, Faro district. This top-floor apartment boasts an expansive balcony with unobstructed views of tennis courts and the vibrant cityscape, enhancing privacy and natural light throughout the living spaces.
The asking price is €370,000, which is above our assessed fair value of €350,000, indicating a medium level of confidence in this valuation. The gap reflects a €20,000 downside, or 5.5%, compared to the asking price. Rental yield. The estimated gross yield stands at 6.1%, providing context before costs and vacancy considerations.
The fair value of this property is determined using a combination of two models: the Transaction model, which relies on real transaction data from 303 recorded sales in the parish of São Gonçalo de Lagos, and the Adjusted asking-price model, which is based on current listings adjusted to sale price levels. These models are weighted, with the Transaction model contributing 55% and the Adjusted asking-price model contributing 45%. Conservative adjustments for area and property composition resulted in a fair value of €350,000, indicating that the asking price is above the fair value. The asking price is above the fair value (5.5% downside vs the asking price), which reflects a medium confidence level.
Gross yield 6.1% (before costs)
No specific strategy stands out for this property.
The asking price of €370,000 for this 2-bed apartment in São Gonçalo de Lagos is above the fair value of €350,000, indicating a 5.5% downside versus the asking price. Despite a decent condition rating of 75/100, the neighborhood score of 50/100 suggests potential concerns for buyers. Investors should consider the price vs value relationship and local conditions carefully before proceeding.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score is weak at 50/100, indicating potential challenges in tenant retention and overall property demand in the area. Fair value certainty risk The valuation is determined to be fair value at €350,000 with medium confidence, influenced by a watch status on the municipality and the absence of real transaction data for the specific address, which could affect valuation reliability.
Grade AFindings: 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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