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 148 m², built in 1985, energy rating D. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. The apartment features a spacious east-facing balcony with ample morning sunlight, enhancing its inviting atmosphere and connection to the well-appointed living room.
The asking price of €400,000 is above our fair value estimate of €326,000, revealing a downside of €74,000; thus, the asking price is overpriced. The estimated gross yield is 7.1%.
The fair value of this property is established through a combination of two models: the Transaction model, which utilizes real transaction data from São Gonçalo de Lagos, and the Adjusted asking-price model, based on current listings. These models are blended, with the Transaction model accounting for 55% and the Adjusted asking-price model 45%. Conservative adjustments are made, factoring in costs to cure where applicable, ultimately leading to a fair value of €326,000, which is below the current asking price of €400,000. Therefore, the asking price is above the fair value, with a downside of 18.4%. Confidence in this valuation is high.
Gross yield 7.1% (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 an opportunity cost compared to similar properties. The condition rating of 63/100 suggests that some maintenance may be needed, and the neighborhood score of 50/100 reflects a mixed stability. With a notable downside of 18.4% against the fair value, careful assessment of price versus value is crucial before any decision is made.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability and tenant stability scores are both at 50/100, indicating a potential risk of fluctuating incomes and tenant turnover affecting rental performance.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
No confirmed issues.
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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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