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 94 m² on the 1st floor, built in 1991, energy rating E. Located São Gonçalo de Lagos parish, Lagos municipality, Faro district. This apartment features original parquet herringbone flooring and high ceilings, providing an authentic charm characteristic of traditional Algarve architecture, alongside significant repair needs in the attic.
The asking price is above the fair value: the fair value is €334,000, meaning there is a gap of €456,000 or 57.7% downside versus the asking price. The estimated gross yield of this property is approximately 5%.
The asking price is above the fair value. The fair value is determined through a Transaction model using real transaction data from São Gonçalo de Lagos, comprising 123 recorded sales over the last year. This is combined with an Adjusted asking-price model, which examines current listings. No conservative adjustments were applied to this property, and the resulting fair value is €334,000. This shows a significant gap as the asking price is €790,000, representing a 57.7% downside. The confidence in this assessment is high.
Gross yield 5% (before costs)
No specific strategy stands out for this property.
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
Investors should consider that the asking price for this 3-bed apartment in São Gonçalo de Lagos is significantly above its fair value, presenting a 57.7% downside. Despite its condition rating of 68 out of 100 and a neighborhood score of 50 out of 100, the discrepancy between the price and its assessed value suggests a need for careful evaluation before proceeding.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk The economic stability score is 50/100 and the tenant stability score is also 50/100, indicating a high risk of instability in both areas for potential future investments. Data-quality findings risk The property listings disagree, suggesting that the data quality may be unreliable, which could affect investment decisions.
Grade DFindings: 1
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Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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