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.
0-bedroom, 0-bathroom house of 61 m². Located on rua da Alegria, Odiáxere parish, Lagos municipality, Faro district. This property features stunning traditional azulejo tiles and stone stairs, enhancing its charm and character, making it a unique investment opportunity in a growing area.
The asking price of €260,000 is below our assessed fair value of €282,000, indicating an 8.4% upside. However, the confidence in this fair value is low.
The property's fair value is based on a combination of two models. The Transaction model uses real transaction data from 220 sales in Lagos, contributing 60% to the fair value assessment. Meanwhile, the Adjusted asking-price model incorporates current listings adjusted to sale prices, making up the remaining 40%. No conservative adjustments were needed for this property, resulting in a fair value of €282,000. Consequently, the asking price is below the fair value, providing an 8.4% upside against it. Confidence in this valuation is low.
Gross yield 5.4% (before costs)
Negotiation room: Negotiation context: asking prices in this municipality run about 24% above what similar homes actually sell for, so there is usually room to negotiate
The property, a 0-bed house in Odiáxere, Lagos, presents a compelling investment opportunity with its asking price of €260,000 being below the fair value of €282,000, indicating an 8.4% upside potential. With a gross yield of 5.3%, this investment aligns well with strategies focused on rental income, taking advantage of favorable conditions in the local rental market. The property's condition is rated at 72/100, reflecting a reasonable state for tenant occupation, although the neighborhood score of 50/100 suggests potential challenges in attracting high-quality tenants. However, considering the negotiation context in the region where asking prices typically exceed actual sale prices by approximately 24%, there remains ample opportunity for further negotiation which could enhance the investment's overall appeal.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk: The economic and tenant stability scores are both at 50/100, indicating a mixed environment which could lead to challenges in maintaining consistent rental income and occupancy rates over time. Fair value certainty risk: The valuation shows a fair value of €282,000 with low confidence, suggested by the lack of transaction micro-location data and significant differences between estimates, which raises doubts about the reliability of this valuation.
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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